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CITY OF TAYLOR GENERAL EMPLOYEES v. ASTEC INDUS.

No. 21-5602.

29 F.4th 802 (2022)

CITY OF TAYLOR GENERAL EMPLOYEES RETIREMENT SYSTEM, individually and on behalf of all others similarly situated, Plaintiff, Lynn Johnson, Plaintiff-Appellant, v. ASTEC INDUSTRIES, INC.; Benjamin G. Brock; David C. Silvious; Malcolm Swanson, Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided and Filed: March 31, 2022.

Attorney(s) appearing for the Case

ARGUED: Daniel Tyre-Karp , THE ROSEN LAW FIRM, P.A., New York, New York, for Appellant. John A. Jordak, Jr. , Elizabeth Gingold Clark , ALSTON & BIRD, Atlanta, Georgia, for Appellees. ON BRIEF: Daniel Tyre-Karp , Phillip Kim , THE ROSEN LAW FIRM, P.A., New York, New York, Paul Kent Bramlett , BRAMLETT LAW OFFICES, Nashville, Tennessee, for Appellant. John A. Jordak, Jr. , Elizabeth Gingold Clark , Courtney Quirós , ALSTON & BIRD, Atlanta, Georgia, John G. Jackson , CHAMBLISS, BAHNER & STOPHEL P.C., Chattanooga, Tennessee, for Appellees.

Before: CLAY, GRIFFIN, and STRANCH, Circuit Judges.

OPINION

Shareholders of Astec Industries filed this putative class action, alleging that the company and its executives committed securities fraud during a recent expansion. The district court dismissed the complaint, holding that plaintiffs had not met the heightened pleading requirements of Federal Rule of Civil...

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