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103402P.pdf   06/04/2012  Public Pension Fund Group  v.  KV Pharmaceutical Company
   U.S. Court of Appeals Case No:  10-3402
   U.S. District Court for the Eastern District of Missouri - St. Louis   
   [PUBLISHED] [Bye, Author, with Wollman and Shepherd, Circuit Judges]
Civil case - Securities Fraud. Plaintiffs' complaint alleged with sufficient particularity that defendant's statements about compliance with FDA regulations or the FDA's current Good Manufacturing Practices were false or misleading and the district court erred in dismissing this claim; district court did not err in determining that the plaintiff investors' complaint did not sufficiently plead that defendant made false or misleading statements about earnings tied to the manufacture of the generic drug Metoprolol; district court did not err in dismissing scheme liability claims against two of defendant's officers as the plaintiff investors did not allege with specificity what conduct they engaged in beyond having knowledge of the misrepresentations and omissions regarding KV's compliance with FDA regulations or current Good Manufacturing Practices and earnings tied to generic Metoprolol; district court abused its discretion in denying plaintiffs' post-judgment motion to amend their complaint.