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ALASKA ELECTRICAL PENSION FUND v. ASAR

No. 17-50162.

898 F.3d 648 (2018)

ALASKA ELECTRICAL PENSION FUND, Plaintiff-Appellant v. Vinit K. ASAR; George McHenry; Hanger, Incorporated; Thomas F. Kirk, Defendants-Appellees

United States Court of Appeals, Fifth Circuit.

FILED August 6, 2018.

Attorney(s) appearing for the Case

Andrew Love , Susan Katina Alexander, Esq. , Robbins Geller Rudman & Dowd, L.L.P., San Francisco, CA, Douglas R. Britton , Robbins Geller Rudman & Dowd, L.L.P., San Diego, CA, for Plaintiff-Appellant.

Paul R. Bessette , Michael John Biles, Esq. , Attorney, Tyler Wayne Highful , Srimath Saliya Subasinghe , King & Spalding, L.L.P., Austin, TX, for Defendants-Appellees Vinit K. Asar, Hanger, Incorporated.

Peter Andrew Stokes , Norton Rose Fulbright US, L.L.P., Austin, TX, Richard Morvillo , Morvillo, L.L.P., Washington, DC, Ellen M. Murphy , Morvillo, L.L.P., New York, NY, for Defendant-Appellee. George McHenry.

Jennifer Barrett Poppe , Vinson & Elkins, L.L.P., Austin, TX, Howard Schiffman , Charles J. Clark , Schulte Roth & Zabel, L.L.P., Washington, DC, for Defendant-Appellee. Thomas F. Kirk.

Before WIENER, GRAVES, and HO, Circuit Judges.

Plaintiff-Appellant Alaska Electrical Pension Fund ("the Fund") is a pension fund representing a class of investors. It claims that Defendants-Appellees Hanger, Inc. ("Hanger") and three of its officers engaged in securities fraud. The Fund's allegations are based predominantly on a report by Hanger's Audit Committee after...

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