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HUTCHISON v. DEUTSCHE BANK SECURITIES INC.

Docket No. 10-1535-cv.

647 F.3d 479 (2011)

Philip HUTCHISON, Individually and On Behalf of All Others Similarly Situated, Plaintiff, Sheet Metal Workers Local No. 33, Lead Plaintiff, Alfred Ivers, Lead Plaintiff, West Palm Beach Firefighters Pension Fund, Plaintiffs-Appellants, v. DEUTSCHE BANK SECURITIES INC., Citigroup Global Markets Inc., Wachovia Capital Markets, LLC, JMP Securities LLC, Credit Suisse Securities (USA) LLC, Defendants, CBRE Realty Finance, Inc., Keith Gollenberg, Michael Angerthal, Ray Wirta, Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided: July 26, 2011.

Attorney(s) appearing for the Case

Susan K. Alexander ( Sanford Svetcov , San Francisco, CA, Samuel H. Rudman , David A. Rosenfeld , and Evan J. Kaufman , New York, NY, on the briefs), Robbins Geller Rudman & Dowd LLP, San Francisco, CA, for Plaintiffs-Appellants.

Robert S. Fischler ( Justin J. Wolosz and David T. Cohen , on the brief), Ropes & Gray LLP, New York, NY, for Defendants-Appellees.

Before: JACOBS, Chief Judge, LIVINGSTON, Circuit Judge, and RAKOFF, District Judge.

DENNIS JACOBS, Chief Judge:

Defendant-Appellee CBRE Realty Finance, Inc. ("CBRE"), a real estate financing company, floated its initial public offering (the "IPO") in September 2006. Among the purchasers were Plaintiffs-Appellants Sheet Metal Workers Local No. 33 and other plaintiffs (collectively, "Plaintiffs") in this action. They appeal from an August 11, 2009 judgment of the United States District Court for the District...

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