LexisNexis Overview: Plaintiffs' complaint under § 10(b) of Securities
and Exchange Act did not allege with the required particularity under PSLRA
that defendant made material misrepresentations and/or omissions in order to
induce plaintiffs to purchase defendant-brokered auction rate securities. Also,
plaintiffs had not alleged scienter with sufficient particularity.
Counsel: For Ashland Inc., AshThree LLC, Plaintiffs: Barbara B. Edelman, Grahmn
Morgan, LEAD ATTORNEYS, Dinsmore & Shohl LLP - Lexington, Lexington, KY;
Charles M. Miller, Christopher P. Johnson, Joshua M. Greenblatt, LEAD
ATTORNEYS, PRO HAC VICE, Kasowitz, Benson, Torres & Friedman LLP, New York,
For Oppenheimer & Co.,
Inc., Defendant: Douglass Farnsley, LEAD ATTORNEY, Clark C. Johnson, Stites
& Harbison, PLLC - Louisville, Louisville, KY; Jami Mills Vibbert, Lionel
G. Hest, Lucy D. Arnold, LEAD ATTORNEYS, Fulbright & Jaworski LLP - New
York, New York, NY; Peter Stokes, LEAD ATTORNEY, Fulbright & Jaworski, LLP
- Austin, TX, Austin, TX; Rodney Acker, LEAD ATTORNEY, PRO HAC VICE, Fulbright
& Jaworski L.L.P. - Dallas, Dallas, TX.
B. COFFMAN, UNITED STATES DISTRICT COURT CHIEF JUDGE.
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