REESE v. BP EXPLORATION (ALASKA) INC.

No. 10-35128.

643 F.3d 681 (2011)

Claude A. REESE, individually and on behalf of all others similarly situated, Plaintiff-Appellee, v. BP EXPLORATION (ALASKA) INC., Defendant-Appellant.

United States Court of Appeals, Ninth Circuit.

Filed June 29, 2011.


Attorney(s) appearing for the Case

Richard C. Pepperman II , of Sullivan & Cromwell LLP, New York, NY, Diane L. McGimsey of Sullivan & Cromwell LLP, Los Angeles, CA, and David C. Lundsgaard of Graham & Dunn P.C., Seattle, WA, for defendant-appellant BP Exploration (Alaska) Inc.

Thomas A. Dubbs and Javier Bleichman of Labaton Sucharow LLP, New York, NY, and Robert D. Stewart and Timothy M. Moran of Kipling Law Group PLLC of Seattle, WA, for plaintiff-appellee Claude A. Reese.

Before: M. MARGARET McKEOWN, RAYMOND C. FISHER, and RONALD M. GOULD, Circuit Judges.


OPINION

GOULD, Circuit Judge:

BP Exploration (Alaska) Inc. ("BPXA") appeals the district court's order granting in part and denying in part BPXA's motion to dismiss a securities fraud action filed against it by Claude A. Reese ("Reese") on behalf of a class of purchasers of BP p.l.c. shares. On an interlocutory appeal, which was accepted by our court, BPXA asserts that Reese's surviving claims do not state a claim, warranting dismissal under Federal Rule...

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