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IN RE PHILIP MORRIS INTERNATIONAL INC.

No. 21-2546 August Term 2022.

89 F.4th 408 (2023)

IN RE: PHILIP MORRIS INTERNATIONAL INC. SECURITIES LITIGATION Union Asset Management Holding AG, Intervenor-Appellant, Teamsters Local 710 Pension Fund, Movant-Appellant, v. Philip Morris International Inc., André Calantzopoulos, Martin G. King, Jacek Olczak, Patrick Picavet, Manuel C. Peitsch, Frank Lüdicke, Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided: December 26, 2023.

Attorney(s) appearing for the Case

Jeremy A. Lieberman , Pomerantz LLP, New York, NY ( Emma Gilmore , Brian Calandra , Pomerantz LLP, New York, NY; Samuel H. Rudman , David A. Rosenfeld , Robert D. Gerson , Mark T. Millkey , Robbins Geller Rudman & Dowd LLP, Melville, NY; Andrew S. Love , Robbins Geller Rudman & Dowd LLP, San Francisco, CA, on the brief), for Appellants.

Kevin M. McDonough , Latham & Watkins LLP, New York, NY ( James E. Brandt , Jooyoung Yeu , Matthew P. Valenti , Latham & Watkins LLP, New York, NY; Kenneth J. Parsigian , Latham & Watkins LLP, Boston, MA; Andrew B. Clubok , Brent T. Murphy , Latham & Watkins LLP, Washington, DC, on the brief), for Appellees.

Before: Kearse, Parker, and Sullivan, Circuit Judges.

Union Asset Management Holding AG and Teamsters Local 710 Pension Fund (together, the "Investors") — co-lead plaintiffs in this putative securities-fraud class action against Philip Morris International Inc. ("PMI") and several of its current and former executives (the "Individual Defendants"; together...

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