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OHIO PUB. EMPLOYEES RETIREMENT v. FED. HOME LOAN

No. 14-4189.

830 F.3d 376 (2016)

OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM, on behalf of itself and all others similarly situated, Plaintiff-Appellant, v. FEDERAL HOME LOAN MORTGAGE CORPORATION; Richard F. Syron; Patricia L. Cook; Anthony S. Piszel; Eugene M. McQuade, Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided and Filed: July 20, 2016.

Attorney(s) appearing for the Case

ARGUED: W.B. Markovits , Markovits, Stock & DeMarco, LLC, Cincinnati, Ohio, for Appellant. Jordan D. Hershman , Morgan, Lewis & Bockius LLP, Boston, Massachusetts, for Appellees. ON BRIEF: W.B. Markovits , Christopher D. Stock , Markovits, Stock & DeMarco, LLC, Cincinnati, Ohio, Richard S. Wayne , Strauss Troy Co., LPA, Cincinnati, Ohio, for Appellant. Jordan D. Hershman , Jason D. Frank , Morgan, Lewis & Bockius LLP, Boston, Massachusetts, Hugh E. McKay , Porter Wright Morris & Arthur LLP, Cleveland, Ohio, for Appellee FHLMC. Mark D. Hopson , Frank R. Volpe , Judith C. Gallagher , Sidley Austin LLP, Washington, D.C., for Appellee Syron. Carl S. Kravitz , Caroline E. Reynolds , Zuckerman Spaeder LLP, Washington, D.C., for Appellee Cook. James K. Goldfarb , Michael V. Rella , Jonathan Bashi , Murphy & McGonigle, P.C., New York, New York, Joseph C. Weinstein , William E. Donnelly , Murphy & McGonigle, P.C., Washington, D.C., Steven A. Delchin , Squire Patton Boggs (US) LLP, Cleveland, Ohio, for Appellee Piszel. Michael S. Doluisio , Joseph S. McFarlane , Dechert LLP, Philadelphia, Pennsylvania, Joseph C. Weinstein , Stephen A. Delchin , Squire Patton Boggs (US) LLP, Cleveland, Ohio, for Appellee McQuade.

Before: GUY, KETHLEDGE, and STRANCH, Circuit Judges.

OPINION

Lead Plaintiff Ohio Public Employees Retirement System (OPERS) filed a class action suit alleging securities fraud against Federal Home Loan Mortgage Corporation and four senior officers (collectively Freddie Mac). The district court granted Defendants' motions to dismiss, concluding that OPERS failed...

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