Searching over 5,500,000 cases.


searching
Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.

IBEW Local No. 58 Annuity Fund v. Everyware Global Inc.

United States Court of Appeals, Sixth Circuit

February 21, 2017

IBEW Local No. 58 Annuity Fund; Electrical Workers Pension Trust Fund of IBEW Local No. 58, Detroit, Michigan; IBEW Local No. 58, Plaintiffs-Appellants,
v.
EveryWare Global, Inc., et al, Defendants, John K. Sheppard; Bernard F. Peters; Daniel Collin; Stephen W. Presser; Monomoy Capital Partners, LLC; Monomoy Executive Co-Investment Fund, L.P.; Monomoy Capital Partners II, L.P.; MCP Supplemental Fund II, L.P.; Monomoy General Partner, L.P.; Monomoy General Partner II, L.P.; Monomoy Ultimate GP, LLC; Oppenheimer & Co. Inc.; CJS Securities, Inc.; Telsey Advisory Group, LLC; Imperial Capital, LLC; BTIG, LLC; Thomas J. Baldwin; Michael Jurbala; Barry L. Kasoff; Ronald D. McCray; William J. Krueger; Joseph A. De Perio; Ron Wainshal; Monomoy Capital Partners, L.P.; MCP Supplemental Fund, L.P., Defendants-Appellees.

          Argued: February 1, 2017

         Appeal from the United States District Court for the Southern District of Ohio at Columbus. No. 2:14-cv-01838-Algenon L. Marbley, District Judge.

         ARGUED:

          Thomas Livezey Laughlin, IV, SCOTT䠣, New York, New York, for Appellants.

          David F. Graham, SIDLEY AUSTIN LLP, Chicago, Illinois, for Appellee Sheppard. C. Thomas Brown, ROPES & GRAY LLP, New York, New York, for Monomoy Appellees.

         ON BRIEF:

          Thomas Livezey Laughlin, IV, SCOTT䠣, New York, New York, for Appellants.

          David F. Graham, Rachel B. Niewoehner, SIDLEY AUSTIN LLP, Chicago, Illinois, for Appellee Sheppard. C. Thomas Brown, John N. McClain, III, ROPES & GRAY LLP, New York, New York, Christopher G. Green, ROPES & GRAY LLP, Boston, Massachusetts, for Monomoy Appellees.

          Steven J. Rosenberg, STEVEN J. ROSENBERG, P.C., Chicago, Illinois, for Appellee Peters. Jay K. Musoff, Jacobus J. Schutte, LOEB & LOEB, LLP, New York, New York, for Appellee Jurbala. Roger P. Sugarman, KEGLER, BROWN, HILL RITTER CO., L.P.A., Columbus, Ohio, Susan F. DiCicco, MORGAN, LEWIS & BOCKIUS LLP, New York, New York, for Underwriter Appellees.

          Michael E. Swartz, Christopher H. Giampapa, SCHULTE ROTH & ZABEL LLP, New York, New York, for Appellees Baldwin, Kasoff, McCray, Krueger, De Perio, and Wainshal.

          Before: GIBBONS, ROGERS, and McKEAGUE, Circuit Judges.

          OPINION

          ROGERS, Circuit Judge.

         In this private securities litigation, investors in a now-bankrupt company called EveryWare sued EveryWare's officers, directors, principal shareholders, and underwriters, alleging that some defendants violated the Securities Exchange Act of 1934 by materially misrepresenting EveryWare's finances, and that some defendants violated the Securities Act of 1933 by verifying those alleged material misrepresentations to be true, and by failing to disclose other material facts, in a registration statement and a prospectus that they signed in connection with an offering of EveryWare's shares. The district court dismissed plaintiffs' complaint, reasoning that the Exchange Act claims fail because plaintiffs have not alleged particularized facts giving rise to a strong inference that defendants acted with the requisite scienter, and that the Securities Act claims fail because plaintiffs have not alleged any well-pleaded material statement or omission in the registration statement or the prospectus. On appeal, plaintiffs repeat the arguments that they made in the district court. Their arguments fail here for reasons set out by the district court in its thorough opinion. Because the district court's opinion fully responds to plaintiffs' arguments on appeal, we adopt the reasoning of the district court, as indicated below, with respect to those issues necessary to resolve this appeal.

         EveryWare Global, Inc., is an Ohio manufacturer of kitchenware. Plaintiffs purchased EveryWare securities between May 21, 2013, and May 16, 2014. Plaintiffs alleged a "pump and dump" scheme by EveryWare's principal shareholders and officers to inflate the price of EveryWare ...


Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.