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IN RE GALECTIN THERAPEUTICS SECURITIES LITIGATION

No. 16-10324.

843 F.3d 1257 (2016)

IN RE: GALECTIN THERAPEUTICS, INC. SECURITIES LITIGATION, Marissa Ballesteros, et al., Plaintiffs, Glyn Hotz, Lead Plaintiff, Plaintiff-Appellant, v. Galectin Therapeutics, Inc., James C. Czirr, Peter G. Traber, Jack W. Callicutt, 3:14-cv-402-RCJ-WGC, Rod D. Martin, John F. Mauldin, 10x Fund L.P. Member Case 3:14-cv-402-RCJ-WGC, et al., Defendants-Appellees, Gilbert F. Amelio, Member Case 3:14-cv-402-RCJ-WGC, et al., Defendants.

United States Court of Appeals, Eleventh Circuit.

Date Filed: December 15, 2016.

Attorney(s) appearing for the Case

Kimberly A. Justice , Michael K. Yarnoff , Naumon A. Amjed , Ryan T. Degnan , Meredith L. Lambert , Kessler Topaz Meltzer & Check, LLP, Radnor, PA, Ross A. Albert , Morris Manning & Martin, LLP, Atlanta, GA, for Plaintiff-Appellant.

Michael R. Smith , Benjamin Lee , Alexandra Spear Peurach , Benjamin Warren Pope , King & Spalding, LLP, Atlanta, GA, for Defendants-Appellees.

Before TJOFLAT and HULL, Circuit Judges, and BYRON, District Judge.

Appellee-defendant Galectin Therapeutics, Inc. ("Galectin") is a small biopharmaceutical company headquartered in Norcross, Georgia. On February 26, 2014, Appellant-plaintiff Glynn Hotz purchased 16,000 shares of Galectin common stock at $17.90 per share. On July 25, 2014, news outlets began to report that Galectin had paid...

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