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IN RE MOTOROLA SECURITIES LITIGATION

No. 09-1750.

644 F.3d 511 (2011)

In re MOTOROLA SECURITIES LITIGATION.

United States Court of Appeals, Seventh Circuit.

Decided May 4, 2011.

Attorney(s) appearing for the Case

Mark A. Stang , Chuhak & Tecson, Chicago, IL, for Plaintiff Edward A. Cox, Jr.

Fay Clayton, Robinson , Curley & Clayton, Chicago, IL, for Plaintiff Class.

Michael G. Cleveland , Vedder Price P.C., Chicago, IL, for Appellant Motorola, Incorporated 401(K) Profit Sharing Plan.

John C. Massaro , Arnold & Porter, Washington DC, for Defendants Christopher B. Galvin, Carl F. Koenemann, Robert L. Growney, Motorola, Inc.

James A. Harrod , Wolf, Popper, New York, NY, for Appellee State of New Jersey.

Before EVANS and SYKES, Circuit Judges, and SIMON, District Judge.

SYKES, Circuit Judge.

In 2003 purchasers of Motorola, Inc., common stock brought a class-action lawsuit against Motorola and its then-principal officers alleging violations of federal securities laws. Class members included investors who purchased publicly traded Motorola common stock during the class period. Excepted from the class was any purchaser who was also an affiliate of Motorola.

The events underlying the...

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