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DETROIT GENERAL RETIREMENT SYSTEM v. MEDTRONIC, INC.

No. 09-2518.

621 F.3d 800 (2010)

DETROIT GENERAL RETIREMENT SYSTEM; Stanley Kurzweil, individually and on behalf of himself and all others similarly situated, Plaintiffs-Appellants, v. MEDTRONIC, INC.; Art D. Collins; William A. Hawkins; Gary L. Ellis, Defendants-Appellees.

United States Court of Appeals, Eighth Circuit.

Filed: September 16, 2010.

Attorney(s) appearing for the Case

Mark Allen Strauss , argued, New York, NY, Richard M. Hagstrom , Jonathan F. Mack , Zelle & Hofmann, on the brief, Minneapolis, MN, Peter S. Linden , Ira M. Press , Kirby & McInerney, New York, NY, for Plaintiffs-Appellants.

Jeffrey B. Rudman , Wilmer & Hale, argued, Boston, MA, Michael G. Bongiorno , Wilmer & Hale, on the brief, New York City, NY, Patrick S. Williams , Briggs & Morgan, on the brief, Minneapolis, MN, for Defendants-Appellees.

Before BYE, MELLOY, and SHEPHERD, Circuit Judges.

BYE, Circuit Judge.

Detroit General Retirement System and Stanley Kurzweil (collectively referred to as DGRS), investor class representatives, appeal the district court's dismissal of their claims against Medtronic, Inc. and three of its officers, Art D. Collins, William A. Hawkins, and Gary L. Ellis, for failure to plead fraud with particularity as required by law. DGRS appeals the dismissal, along with a denial of its motion for leave to amend the complaint and...

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