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PUBLIC PENSION FUND GROUP v. KV PHARMACEUTICAL CO.

No. 10-3402.

679 F.3d 972 (2012)

PUBLIC PENSION FUND GROUP; Herman Unvericht; Norfolk County Retirement System; Joseph Mas; Building Trades United Pension Trust Fund; New Jersey Carpenters Pension Fund, Appellants, v. KV PHARMACEUTICAL COMPANY; Marc S. Hermelin; David A. Van Vliet; Rita E. Bleser, Appellees.

United States Court of Appeals, Eighth Circuit.

Filed: June 4, 2012.

Attorney(s) appearing for the Case

Javier Bleichmar , argued, New York, NY, Michael D. Murphy , Jason Glennon Crowell , Ted R. Osburn , Cape Girardeau, MO, Christopher J. Keller , Alan I. Ellman , Joseph A. Fonti , Stephen W. Tountas , New York, NY, on the brief, for Appellant.

Jeffrey Edward McFadden , argued, Patrick F. Linehan , Shawn Patrick Davisson , on the brief, Washington, DC, for Appellee Marc S. Hermelin.

Andrew S. Tulumello , argued, Washington, DC, Kurtis B. Reeg , Timothy Alexander McGuire , on the brief, St. Louis, MO, for Appellee Rita E. Bleser.

Andrew S. Tulumello , argued, Washington, DC, Robert P. Berry , on the brief, St. Louis, MO, F. Joseph Warin , Jennifer J. Schulp , Jason E. Morrow , Washington, DC, on the brief, for Appellee KV Pharmaceutical Company and David A. Van Vliet.

Before WOLLMAN, BYE, and SHEPHERD, Circuit Judges.

BYE, Circuit Judge.

Several groups of investors1 who purchased the securities of KV Pharmaceutical Company (KV) brought this class action lawsuit alleging KV and some of its individual officers committed securities fraud. The investors alleged KV made false or misleading statements about its compliance with Food and Drug Administration (FDA) regulations governing the manufacture of pharmaceutical products, and made false or misleading...

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