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DORSEY v. PORTFOLIO EQUITIES, INC.

No. 07-10705.

540 F.3d 333 (2008)

Robert DORSEY, On behalf of himself and others similarly situated, Plaintiff-Appellant, v. PORTFOLIO EQUITIES, INC.; Charter Home Funding, Inc.; Charter Asset Management, Inc.; Charter Equities Corp.; Harold P. Barnes, Jr.; James B. Barnes, Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

August 11, 2008.

Attorney(s) appearing for the Case

Kirk D. Fredrickson, McDonald & Fredrickson, Oklahoma City, OK, for Dorsey.

Oscar Rey Rodriguez, Stephen M. Dollar, Fulbright & Jaworski, Dallas, TX, for Defendants-Appellees.

Before JONES, Chief Judge, and WIENER and CLEMENT, Circuit Judges.

EDITH BROWN CLEMENT, Circuit Judge:

Robert Dorsey ("Dorsey") challenges the district court's dismissal of his claims for fraud under federal securities law and Texas state law against Portfolio Equities, Inc. ("PEI"), Charter Home Funding, Inc. ("CHF"), Charter Asset Management, Inc. ("CAM"), Charter Equities Corp. ("CEC"), Harold Barnes ("H. Barnes"), and James Barnes ("J. Barnes") (collectively, "Defendants"). For the following reasons, we affirm in part and reverse...

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