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EMPLOYEES' RET. SYS. OF BATON ROUGE v. MACROGENICS

No. 21-2238.

61 F.4th 369 (2023)

EMPLOYEES' RETIREMENT SYSTEM OF THE CITY OF BATON ROUGE AND PARISH OF EAST BATON ROUGE, Plaintiff-Appellant, and Todd Hill, Plaintiff. v. MACROGENICS, INC.; Scott Koenig; James Karrels, Defendants-Appellees.

United States Court of Appeals, Fourth Circuit.

Decided: March 2, 2023.

Attorney(s) appearing for the Case

ARGUED: William C. Fredericks , SCOTT + SCOTT ATTORNEYS AT LAW LLP, New York, New York, for Appellant. Nina Fran Locker , WILSON SONSINI GOODRICH & ROSATI, P.C., Palo Alto, California, for Appellees. ON BRIEF: Thomas L. Laughlin, IV , Donald A. Broggi , Rihana L. Swartz , New York, New York, Jacob B. Lieberman , SCOTT + SCOTT ATTORNEYS AT LAW LLP, Colchester, Connecticut; Steven J. Toll , Jan E. Messerschmidt , COHEN MILSTEIN SELLERS & TOLL PLLC, Washington, D.C., for Appellant. Jeremy W. Gagas , Wilmington, Delaware, Laurie B. Smilan , Steffan N. Johnson , John B. Kenney , WILSON SONSINI GOODRICH & ROSATI, P.C., Washington, D.C., for Appellees.

Affirmed by published opinion. Chief Judge Gregory wrote the opinion, in which Judge Wilkinson and Judge Gibney joined.

In this securities class action suit, the Employees' Retirement System of the City of Baton Rouge and Parish of East Baton Rouge represents the class of persons and entities who acquired shares of common stock in MacroGenics, Inc. ("MacroGenics") between February 6, 2019 and June 4, 2019 (the "Class Period"). Plaintiffs initiated...

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