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FAN v. STONEMOR PARTNERS LP

No. 17-3843.

927 F.3d 710 (2019)

Peter FAN; Royal Estate Management LLC; Fremont Hotel Inc., Individually and on behalf of all others similarly situated, Appellants v. STONEMOR PARTNERS LP; StoneMor GP LLC; StoneMor GP Holdings LLC; American Cemeteries Infrastructure Investors LLC; Lawrence Miller; Sean P. McGrath; Robert B. Hellman, Jr.; William R. Shane; Timothy Yost.

United States Court of Appeals, Third Circuit.

Filed: June 20, 2019.

Attorney(s) appearing for the Case

James W. Johnson , David J. Goldsmith [ARGUED], Michael H. Rogers , Claiborne R. Hane , James T. Christie , Labaton Sucharow LLP, 140 Broadway, New York, New York 10005, Naumon A. Amjed , Ryan T. Degnan , Kessler Topaz Meltzer & Check LLP, 280 King of Prussia Road, Radnor, Pennsylvania 19087, Counsel for Appellant.

James H. Steigerwald , Robert M. Palumbos , Brian J. Slipakoff , Duane Morris LLP, 30 South 17th Street, Philadelphia, Pennsylvania 19103, Michael C. Holmes [ARGUED], Craig E. Zieminski , Amy T. Perry , Merriwether T. Evans , R. Kent Piacenti , Vinson & Elkins LLP, 2001 Ross Avenue, Suite 3700, Dallas, Texas 75201, Counsel for Appellee.

Before: SMITH, Chief Judge, McKEE, and RESTREPO, Circuit Judges.

OPINION OF THE COURT

This appeal arises from Plaintiffs' purchase of common units1 in Defendant StoneMor Partners L.P.'s ("StoneMor") business.2 The District Court granted StoneMor's motion to dismiss, primarily because Plaintiffs' allegations of securities...

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