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WOODWARD v. RAYMOND JAMES FINANCIAL, INC.

No. 09-CV-5347 (RPP).

732 F.Supp.2d 425 (2010)

John WOODWARD, individually and on behalf of all others similarly situated, Plaintiff, v. RAYMOND JAMES FINANCIAL, INC., Thomas A. James, Jeffrey P. Julien, Steven Raney, and Mark Moody, Defendants.

United States District Court, S.D. New York.

August 16, 2010.

Attorney(s) appearing for the Case

Mark Casser Gardy, Gardy & Notis, LLP, Englewood Cliffs, NJ, Nadeem Faruqi, Faruqi & Faruqi, LLP, Jay W. Eisenhofer, Keith Martin Fleischman, John Charles Kairis, Grant & Eisenhofer P.A., New York, NY, for Plaintiff.

John Morgan Callagy, Joel Avi Hankin, Melissa Errine Byroade, Nicholas John Panarella, Kelley Drye & Warren, LLP, New York, NY, for Defendants.

OPINION AND ORDER

ROBERT P. PATTERSON, JR., District Judge.

Plaintiff John Woodward ("Plaintiff") alleges, in an amended class action complaint ("Amended Complaint") filed on November 25, 2009, that Defendants Raymond James Financial, Inc. ("RJF"), Thomas A. James, Jeffrey P. Julien, Steven Raney, and Mark Moody (collectively, "Defendants") engaged in a scheme to defraud shareholders by making material misrepresentations about the adequacy of the loss reserves...

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