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IN RE STONE & WEBSTER, INC., SECURITIES LITIGATION

No. 03-2429.

414 F.3d 187 (2005)

In re STONE & WEBSTER, INC., SECURITIES LITIGATION. Adele Brody, on behalf of herself and all others similarly situated; Fred Dubois, Jr., individually and on behalf of all others similarly situated; Albert A. Blank, on behalf of himself and all others similarly situated; David B. Everson, on behalf of himself and all others similarly situated; Fanny Mandelbaum, on behalf of herself and all others similarly situated; Mark Hanson, on behalf of himself and all others similarly situated, Plaintiffs, Ram Trust Services, Inc., Lens Investment Management LLC, Plaintiffs, Appellants, v. Stone & Webster, Inc., H. Kerner Smith, Thomas Langford, Pricewaterhouse-Coopers, LLP, Defendants, Appellees.

United States Court of Appeals, First Circuit.

Decided July 14, 2005.

Rehearing Denied September 13, 2005.

Attorney(s) appearing for the Case

Jay A. Eisenhofer, with whom Sidney S. Liebesman, P. Bradford DeLeeuw, Grant & Eisenhofer, P.A., Norman M. Berman, Bryan A. Wood, and Berman, Devalerio, Pease, Tabacco, Burt & Pucillo were on brief for appellants.

Jordan D. Hershman, with whom Inez H. Friedman-Boyce, Anita B. Bapooji, Meredith A. Wilson, and Testa, Hurwitz & Thibeault, LLP were on brief for appellee Smith.

Peter M. Casey, with whom Christian M. Hoffman, Matthew E. Miller, and Foley Hoag LLP were on brief for appellee PricewaterhouseCoopers, LLP.

John D. Donovan, with whom Richard D. Batchelder, Jr. and Ropes & Gray were on brief for appellee Langford.

Before BOUDIN, Chief Judge, LEVAL, Senior Circuit Judge, and HARRINGTON, Senior District Judge.

LEVAL, Senior Circuit Judge.

This appeal concerns primarily the sufficiency of a complaint alleging securities fraud under the standards of the Private Securities Litigation Reform Act ("PSLRA"), 15 U.S.C. § 78u-4. With respect to most of the claims, the United States District Court for the District of Massachusetts granted the defendants' motion to dismiss, based principally on the court's conclusion that the allegations were insufficient to satisfy the PSLRA...

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