ROTH v. REYES

No. 07-16805.

567 F.3d 1077 (2009)

Andrew E. ROTH, Plaintiff-Appellant, v. Gregory REYES; Michael Byrd; Antonio Canova; Jack Cuthbert; Brocade Communication System, Inc., Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Filed June 5, 2009.


Attorney(s) appearing for the Case

Willem F. Jonckheer, Aaron Darsky, Robert Schubert, Schubert & Reed LLP, San Francisco, CA, Paul D. Wexler, Bragar, Wexler & Eagel, PC, New York, NY, Glenn F. Ostrager, Ostrager Chong Flaherty & Broitman, New York, NY, for the plaintiff-appellant.

Robin E. Wechkin, Heller Ehrman LLP, Seattle, WA, Robert B. Buehler, Heller Ehrman LLP, New York, NY, Norman J. Blears, Alexander M.R. Lyon, Heller Ehrman LLP, Menlo Park, CA, for defendant-appellee Antonio Canova.

Nina F. Locker, Steven D. Guggenheim, Katherine L. Henderson, Wilson Sonsini Goodrich & Rosati, PC, for defendant-appellee Brocade Communications Systems, Inc.

Thomas Christopher, Skadden, Arps, Slate, Meagher & Flom LLP, San Francisco, CA, Garrett J. Waltzer, Morgan K. Lopez, Skadden, Arps, Slate, Meagher & Flom LLP, Palo Alto, CA, Richard Marmaro, Skadden, Arps, Slate, Meagher & Flom LLP, Los Angeles, CA, for defendant-appellee Gregory L. Reyes.

Anthony A. De Corso, Eric A. Gressler, Orrick, Herrington & Sutcliffe LLP, Los Angeles, CA, for defendant-appellee Jack Cuthbert.

John M. Potter, Scott G. Lawson, Patrick C. Doolittle, Josh A. Cohen, Quinn Emanuel Urquhart Oliver & Hedges, LLP, San Francisco, CA, for defendant-appellee Michael Byrd.

Before: M. MARGARET McKEOWN and SANDRA S. IKUTA, Circuit Judges, and DONALD E. WALTER, Senior District Judge.


OPINION

IKUTA, Circuit Judge:

Andrew Roth brought this action on behalf of Brocade Communications Systems under § 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b). He seeks to recover "short swing" profits, defined as "profits earned within a six months' period by the purchase and sale of securities," Blau v. Lehman, 368 U.S. 403, 405, 82 S.Ct. 451, 7 L.Ed.2d 403 (1962), from four of Brocade...

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