LOUISIANA SCHOOL RET. SYSTEM v. ERNST & YOUNG, LLP

No. 08-6194.

622 F.3d 471 (2010)

LOUISIANA SCHOOL EMPLOYEES' RETIREMENT SYSTEM; Debra Swiman, individually and on Behalf of All Others Similarly Situated, Plaintiffs-Appellants, v. ERNST & YOUNG, LLP, Defendant-Appellee.

United States Court of Appeals, Sixth Circuit.

Decided and Filed: September 22, 2010.


Attorney(s) appearing for the Case

ARGUED: Joseph D. Daley , Coughlin Stoia Geller Rudman & Robbins LLP, San Diego, California, for Appellants. L. Joseph Loveland , King & Spalding LLP, Atlanta, Georgia, for Appellee. ON BRIEF: Joseph D. Daley , Mark Solomon , Coughlin Stoia Geller Rudman & Robbins LLP, San Diego, California, for Appellants. L. Joseph Loveland , John P. Brumbaugh , Tracy C. Braintwain , Shelby S. Guilbert, Jr. , King & Spalding LLP, Atlanta, Georgia, Paul D. Clement , King & Spalding LLP, Washington, D.C., for Appellee.

Before: BOGGS, MOORE, and GIBSON, Circuit Judges.


OPINION

JOHN R. GIBSON, Circuit Judge.

This appeal is from a dismissal on the pleadings of a securities fraud class action pursuant to Federal Rules of Civil Procedure 9(b) and 12(b)(6) and the pleading requirements of the Private Securities Litigation Reform Act of 1995 ("PSLRA"). This lawsuit against public accounting firm Ernst & Young is brought on behalf of all persons who and entities which purchased the publicly traded securities of Accredo Health...

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