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WU v. STOMBER

Nos. 12-7088, 12-7097.

750 F.3d 944 (2014)

D.J. WU, et al., Appellants v. John Crumpton STOMBER, et al., Appellees.

United States Court of Appeals, District of Columbia Circuit.

Decided May 20, 2014.

Attorney(s) appearing for the Case

Matthew E. Miller argued the cause for appellants. With him on the briefs were Jonathan W. Cuneo and Joel Davidow.

Robert A. Van Kirk argued the cause for appellees. With him on the brief were Sarah F. Teich , Brian C. Rabbitt , and Gary A. Orseck.

Opinion for the Court filed by Circuit Judge KAVANAUGH.

KAVANAUGH, Circuit Judge:

Carlyle Capital Corporation invested in residential mortgage-backed securities. In June 2007, in order to raise capital, Carlyle Capital sold shares in the company to private investors. During the real estate and financial crisis of 2008, Carlyle Capital's investments lost their value, and the company went out of business. In this suit, former Carlyle Capital investors alleged that Carlyle Capital made material misstatements and omissions...

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