IBEW LOCAL NO. 58 ANNUITY FUND v. EVERYWARE GLOBAL

No. 16-3445.

849 F.3d 325 (2017)

IBEW LOCAL NO. 58 ANNUITY FUND; Electrical Workers Pension Trust Fund of IBEW Local No. 58, Detroit, Michigan; IBEW Local No. 58, Plaintiffs-Appellants, v. EVERYWARE GLOBAL, INC., et al., Defendants, John K. Sheppard; Bernard F. Peters; Daniel Collin; Stephen W. Presser; Monomoy Capital Partners, LLC; Monomoy Executive Co-Investment Fund, L.P.; Monomoy Capital Partners II, L.P.; MCP Supplemental Fund II, L.P.; Monomoy General Partner, L.P.; Monomoy General Partner II, L.P.; Monomoy Ultimate GP, LLC; Oppenheimer & Co. Inc.; CJS Securities, Inc.; Telsey Advisory Group, LLC; Imperial Capital, LLC; BTIG, LLC; Thomas J. Baldwin; Michael Jurbala; Barry L. Kasoff; Ronald D. McCray; William J. Krueger; Joseph A. De Perio; Ron Wainshal; Monomoy Capital Partners, L.P.; MCP Supplemental Fund, L.P., Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided and Filed: February 21, 2017.


Attorney(s) appearing for the Case

ARGUED: Thomas Livezey Laughlin, IV , SCOTT+SCOTT, New York, New York, for Appellants.

David F. Graham , SIDLEY AUSTIN LLP, Chicago, Illinois, for Appellee Sheppard. C. Thomas Brown , ROPES & GRAY LLP, New York, New York, for Monomoy Appellees. ON BRIEF: Thomas Livezey Laughlin, IV , SCOTT+SCOTT, New York, New York, for Appellants. David F. Graham , Rachel B. Niewoehner , SIDLEY AUSTIN LLP, Chicago, Illinois, for Appellee Sheppard.

C. Thomas Brown , John N. McClain, III , ROPES & GRAY LLP, New York, New York, Christopher G. Green , ROPES & GRAY LLP, Boston, Massachusetts, for Monomoy Appellees. Steven J. Rosenberg , STEVEN J. ROSENBERG, P.C., Chicago, Illinois, for Appellee Peters. Jay K. Musoff , Jacobus J. Schutte , LOEB & LOEB, LLP, New York, New York, for Appellee Jurbala. Roger P. Sugarman , KEGLER, BROWN, HILL + RITTER CO., L.P.A., Columbus, Ohio, Susan F. DiCicco , MORGAN, LEWIS & BOCKIUS LLP, New York, New York, for Underwriter Appellees. Michael E. Swartz , Christopher H. Giampapa , SCHULTE ROTH & ZABEL LLP, New York, New York, for Appellees Baldwin, Kasoff, McCray, Krueger, De Perio, and Wainshal.

Before: GIBBONS, ROGERS, and McKEAGUE, Circuit Judges.


OPINION

In this private securities litigation, investors in a now-bankrupt company called EveryWare sued EveryWare's officers, directors, principal shareholders, and underwriters, alleging that some defendants violated the Securities Exchange Act of 1934 by materially misrepresenting EveryWare's finances, and that...

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