IN RE: SYNCHRONY FINANCIAL SECURITIES LITIGATION.
Stichting Depositary Apg Developed Markets Equity Pool, Stichting Depositary Apg Fixed Income Credits Pool, Plaintiffs-Appellants,
v.
Synchrony Financial, Margaret M. Keane, Brian D. Doubles, Thomas M. Quindlen, David Melito, Paget Alves, Arthur Coviello, Jr., William Graylin, Roy Guthrie, Richard Hartnack, Jeffrey Naylor, Laurel Richie, Olympia Snowe, Barclays Capital Inc., Mizuho Securities USA LLC, MORGAN STANLEY & CO. LLC, TD SECURITIES (USA) LLC, Blaylock Van, LLC, CastleOak Securities, L.P., Mischler Financial Group, Inc., R. Seelaus & Co., Inc., the Williams Capital Group, L.P., Defendants-Appellees.
United States Court of Appeals, Second Circuit.https://leagle.com/images/logo.png
VICTOR L. HOU , Cleary Gottlieb Steen & Hamilton LLP, ( Jared Gerber , on the brief), New York, NY, for Defendants-Appellees Synchrony Financial, Margaret M. Keane, Brian D. Doubles, Thomas M. Quindlen, David Melito, Paget Alves, Arthur Coviello, Jr., William Graylin, Roy Guthrie, Richard Hartnack, Jeffrey Naylor, Laurel Richie, and Olympia Snowe.
James T. Shearin , Pullman & Comley LLC, Bridgeport, CT (on the brief), for Defendants-Appellees Synchrony Financial, Margaret M. Keane, Brian D. Doubles, Thomas M. Quindlen, David Melito, Paget Alves, Arthur Coviello, Jr., William Graylin, Roy Guthrie, Richard Hartnack, Jeffrey Naylor, Laurel Richie, and Olympia Snowe.
Adam S. Hakki , Daniel C. Lewis , Shearman & Sterling LLP, (on the brief), New York, NY, for Defendants-Appellees Barclays Capital Inc., Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, TD Securities (USA) LLC, Blaylock Van, LLC, CastleOak Securities, L.P., Mischler Financial Group, Inc., R. Seelaus & Co., Inc., and The Williams Capital Group, L.P.
Before: JACOBS, POOLER, and BIANCO, Circuit Judges.
POOLER, Circuit Judge:
Securities fraud cases are often complex and costly, so the pleading standards for such cases are demanding. However, even securities plaintiffs need not prove their entire case within the confines of the complaint. Equally as important as concerns about facilitating overly burdensome and expensive discovery and litigation...
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