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ANCHORBANK, FSB v. HOFER

No. 10-3935.

649 F.3d 610 (2011)

ANCHORBANK, FSB, et al., Plaintiffs-Appellants, v. Clark A. HOFER, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided August 18, 2011.

Attorney(s) appearing for the Case

Melissa H. Burkland , (argued), Daniel J. Vaccaro , Attorneys, Michael Best & Friedrich, Monica Riederer , Attorney, Hansen Riederer Dickinson Crueger, Milwaukee, WI, for Plaintiffs-Appellants.

Lauri D. Morris (argued), Attorney, L.D. Morris Law S.C., Madison, WI, for Defendant-Appellee.

Before MANION, WOOD, and WILLIAMS, Circuit Judges.

WILLIAMS, Circuit Judge.

AnchorBank and Plumb Trust Company, the Trustee for an AnchorBank investment fund, filed a civil suit against Clark A. Hofer, an employee of AnchorBank, alleging that Hofer engaged in a collusive trading scheme in violation of the Securities Exchange Act of 1934. Hofer moved to dismiss, asserting that the complaint was inadequately pleaded, and the court granted the motion to dismiss with prejudice. AnchorBank and Plumb appealed, and we find...

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