ACA Financial Guaranty Corp. v. Advest, Inc. , 512 F.3d 46 ( 2008 )

United States Court of Appeals
For the First Circuit
No. 07-1367
ACA FINANCIAL GUARANTY CORPORATION; DRYDEN NATIONAL MUNICIPALS
FUNDS, INC.; JOHN MOORE; LOIS MOORE; SMITH BARNEY INCOME
FUNDS/SMITH BARNEY MUNICIPAL HIGH INCOME FUND; T. ROWE PRICE TAX-
FREE HIGH YIELD FUND, INC.,
Plaintiffs, Appellants,
DENISE MCKEOWN; ROBERT LUTTS,
Plaintiffs,
v.
ADVEST, INC.; KAREN SUGHRUE; GARRY CRAGO; JEAN CHILDS; PAULA
EDWARDS COCHRAN; G. DAVIS STEVENS, JR.; JULIA DEMOSS; WILLIAM R.
DILL; LESLIE A. FERLAZZO; JOYCE SHAFFER FLEMING; ERIC W. HAYDEN;
CATHERINE CHAPIN KOBACHER; ANNE MARCUS; CELESTE REID; RICHARD J.
SHEEHAN, JR.; JOSEPH SHORT; GREGORY E. THOMAS; SUSAN K. TURBEN;
DONALD W. KISZKA,
Defendants, Appellees.
ERRATA SHEET
The opinion of this Court issued on January 10, 2008 is
amended as follows:
On page 40, replace footnote 13 with the following new
footnote: "These comments are case specific. We do not suggest
that there is any special rule for scienter for not-for-profit
institutions. Indeed, such institutions have been sued in the
past on price fixing allegations. See United States v. Brown
Univ., 5 F.3d 658 (3d Cir. 1993)."
On page 16, footnote 6, line 3, replace "Trustee's" with
"Trustees'"
On page 44, line 16, replace "Secs." with "Sec."