SCHLEICHER v. WENDT

No. 09-2154.

618 F.3d 679 (2010)

Franz SCHLEICHER, et al., Plaintiffs-Appellees, v. Gary C. WENDT, et al., Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided August 20, 2010.


Attorney(s) appearing for the Case

Peter A. Binkow , Attorney (argued), Charles B. Chokel (argued), Glancy Binkow & Goldberg LLP, Los Angeles, CA, for Plaintiffs-Appellees.

Robert J. Kopecky , Attorney, Daniel E. Laytin , Attorney (argued), Kirkland & Ellis LLP, Barrie L. Brejcha , Attorney, Baker & McKenzie, Chicago, IL, Todd G. Vare , Attorney, Barnes & Thornburg LLP, Indianapolis, IN, for Defendants-Appellants.

Before EASTERBROOK, Chief Judge, and BAUER and ROVNER, Circuit Judges.


EASTERBROOK, Chief Judge.

When a large, public company makes statements that are said to be false, securities-fraud litigation regularly proceeds as a class action. Class treatment is appropriate when issues common to class members predominate over those that affect them individually. Fed.R.Civ.P. 23(b)(3). Whether the statements are false is one common question. Whether the falsehoods are intentional (i.e., whether each defendant acted with the required state...

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