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IN RE RIGEL PHARMACEUTICALS, INC. SECURITIES LIT.

No. 10-17619.

697 F.3d 869 (2012)

In re RIGEL PHARMACEUTICALS, INC. SECURITIES LITIGATION, Inter-Local Pension Fund GCC/IBT, on behalf of itself and all others similarly situated, Plaintiff-Appellant, v. Andre Deleage, Executor, Estate of Jean Deleage, Appellee, Rigel Pharmaceuticals, Inc.; James M. Gower; Ryan D. Maynard; Donald G. Payan; Raul R. Rodriguez; Elliott B. Grossbard; Bradford S. Goodwin; Gary A. Lyons; Walter H. Moos; Hollings C. Renton; Peter S. Ringrose; Stephen A. Sherwin; Credit Suisse Securities (USA) LLC; Oppenheimer & Co. Inc.; Thomas Weisel Partners LLC; Jefferies & Company, Inc., Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Filed September 6, 2012.

Attorney(s) appearing for the Case

Sanford Svetcov , Robbins Geller Rudman & Dowd LLP, San Francisco, CA, for the appellant.

John C. Dwyer , Cooley LLP, Palo Alto, CA, for the appellees.

Before: PROCTER HUG, JR., BETTY B. FLETCHER, and RICHARD A. PAEZ, Circuit Judges.

OPINION

HUG, Senior Circuit Judge:

I. INTRODUCTION

Plaintiff Inter-Local Pension Fund GCC/IBT ("Plaintiff") brought a securities fraud action1 individually and on behalf2 of all other persons who purchased or otherwise acquired the common stock of Rigel Pharmaceuticals, Inc. ("Rigel") between December 13, 2007 and February 3, 2009, pursuant...

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