I'm in SoCal. Appreciate the support, I will try to do the BGOL summary here to allow participation. Colin warning, but I will try to get to the point quickly.
In 1998 my client heard about a tech startup. Invested 9k. shit was penny stock then, but he took a shot. In 2005 there was a reverse stock split, which at the time resulted in him owning 4% of the company and the company going private.
In 2007, company reps tried to buy his shares for about $400. Client says fuck off, but I want info on what's going on. Company says fuck off, we can't give you any info.
In 2011, he sees one of their machines in a bar. He calls company, says he's a shareholder, requests info. The company says there are only seven shareholders and he ain't one. He shows them stock certificate, they tell him"oops you are, but your shares are worth about $900 now. And we still aint telling you shit.
He digs through various press releases, finds out that they went through a few rounds of financing without telling him, including one in 2011. Company was worth $300,000,000 after 2011 round, but his investment was worth near zero. Now they are worth far more, but his shares are still worthless.
Client sues alleging fraud and non-fraud counts (breach of fiduciary duty) in state court, gets removed to Fed court based on diversity. Dist court dismisses all counts for lack of particularity. Client appeals arguing that only the fraud counts are subject to heightened particularity requirement (rule 9b) and the non-fraud counts are subject only to ordinary notice pleading standards (rule 8a).
My opinion is that the law is way fucking clear that client is right re law, knock yourself out researching if you want but the company couldn't find shit either.
BUT the Ninth Circuit granted us a rare oral argument for some reason, so I'm guessing it is to talk shit to somebody, and that might be me. Which is why I'm putting this out to the best shit takers I know.
There are more details that might matter but i will dish them out as the discussion warrants, if there is one. For now, drop your 2 cents about what some white MFs are gonna sweat a justice seeking brother about.
Peace and thanks.