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KEENAN v. DONALDSON, LUFKIN & JENRETTE, INC.

No. 07-30321.

529 F.3d 569 (2008)

Burt H. KEENAN, Plaintiff-Appellant, v. DONALDSON, LUFKIN & JENRETTE, INC.; Donaldson, Lufkin & Jenrette International; Donaldson, Lufkin & Jenrette Securities Corporation; DLJ Bridge Finance, Inc.; Credit Suisse First Boston (USA), Inc., Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

May 29, 2008.

Attorney(s) appearing for the Case

Phillip A. Wittmann (argued), Paul James Masinter, Heather Shauri Lonian, Stone, Pigman, Walther & Wittmann, New Orleans, LA, Steven Schindler, Lisa Carrie Cohen, Rebecca Lisbeth Fine, Schindler, Cohen & Hochman, New York City, for Keenan.

Lawrence J. Portnoy (argued), Miriam Francine Ingber, Davis, Polk & Wardwell, New York City, Terry Christovich Gay, Kevin Richard Tully, Christovich & Kearney, New Orleans, LA, for Defendants-Appellees.

Before KING, DeMOSS and SOUTHWICK, Circuit Judges.

SOUTHWICK, Circuit Judge:

Burt Keenan appeals the district court order granting the Defendants' motion for summary judgment. Because we disagree with the district court's interpretation of the key state statute, we reverse and remand.

FACTS AND PROCEDURAL HISTORY

In March 1996, Keenan and others founded Independent Energy Holdings PLC and its subsidiary, Independent Energy UK Limited (together, "IE"), to take advantage of opportunities created by...

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