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Federal Courts -
9th Circuit Court of Appeals - February 23, 2006
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Eminence Capital, LLC v. Aspeon, Inc. (In re Aspeon Secs. Litig.), No. 04-55651,
UNITED STATES COURT OF APPEALS FOR THE NINTH CIRCUIT, February 23, 2006, Filed
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Overview: General allegations that defendants engaged in audit obstruction, that there were GAAP violations, that defendants chose not to follow suggestions to change their accounting system, and that defendants actively managed the affairs of a corporation were insufficient to plead scienter for claims under 15 U.S.C.S. § 78j and 17 C.F.R. § 240.10b-5(b).
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Guzman-Gutierrez v. Gonzales, No. 04-71657, No. 04-75325,
UNITED STATES COURT OF APPEALS FOR THE NINTH CIRCUIT, February 23, 2006, Filed
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Overview: In a very brief order, without stating its analysis, the court reversed a finding that an alien was ineligible for penalty-fee adjustment of status under Immigration and Nationality Act § 245(i). However, denial of the alien's motion to reopen, construed as a motion for reconsideration, which was untimely, was proper.
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