GwanJun Kim v. City of Ionia, Michigan, et al.
Jurisdiction
Whether the relaxed pleading standard for claims where evidence lies within the defendant's exclusive possession applies to claims under Section 10(b) of the Securities Exchange Act of 1934
QUESTION(S) PRESENTED ; In this case THE PETITION for that “a United States court of appeals has entered a . decision in conflict with the decision of” “Complaint in this action under Rule 9(b) would be subject to the relaxed standard that is applied to claims where evidence “lies within [Defendants] exclusive possession” Id.; U.S. ex rel. ; Tamanaha,2011 WL 3423788 at *2; (citing United States ex rel. Lee v. SmithKline Beecham, Inc., 245F.3d 1048, 1052 (9th Cir. 2001)); United States ex rel. Franklin, 147 F. Supp. 2d at 49. The panel was applied wrong that “Rule 9(b)[§ 10(b)] of the Securities Exchange Act of 1934 See. Cent. Bank of Denver, N.A. v. First Interstate Bank of Denver, N.A., 511 U.S. 164, 190 (1994) Held: A private plaintiff may not maintain an aiding and abetting suit under § 1O(b). Pp.170-192.] “qt does not create a federal cause of action for . fraud and dismissed the case” Id. Petitioner complaint is not § 10(b). Therefore, Petitioner asks this Court to address RETROACTIVELY APPLICABLE TO case ; that are on collateral review.