Document ID: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-ca10-15-00703/USCOURTS-ca10-15-00703-0/pdf.json

Parties Involved:
Scott S. Cottier
Petitioner
Ronald H. Fielding
Petitioner
Daniel G. Loughran
Petitioner
Stephen Lowe
Respondent
Massachusetts Mutual Life Insurance Company
Petitioner
Kenneth Milhem
Respondent
John V. Murphy
Petitioner
OppenheimerFunds Distributor, Inc.
Petitioner
Oppenheimerfunds, Inc
Petitioner
Robert Rivera
Respondent
Joseph Stockwell
Respondent
Frank Tackmann
Respondent
Troy E. Willis
Petitioner
Brian W. Wixted
Petitioner

Document Text:

UNITED STATES COURT OF APPEALS

FOR THE TENTH CIRCUIT

_________________________________

OPPENHEIMERFUNDS, INC; JOHN V. 

MURPHY; OPPENHEIMERFUNDS 

DISTRIBUTOR, INC.; BRIAN W. 

WIXTED; RONALD H. FIELDING; 

DANIEL G. LOUGHRAN; SCOTT S. 

COTTIER; TROY E. WILLIS; 

MASSACHUSETTS MUTUAL LIFE 

INSURANCE COMPANY, 

 Petitioners,

v.

ROBERT RIVERA; STEPHEN LOWE; 

FRANK TACKMANN; KENNETH 

MILHEM; JOSEPH STOCKWELL, 

 Respondents.

No. 15-703

(D.C. No. 1:09-MD-02063-JLK-KMT)

(D. Colo.)

_________________________________

ORDER

_________________________________

Before HARTZ, GORSUCH, and MATHESON, Circuit Judges.

_________________________________

This matter is before the court on the Petition for Permission to Appeal from Order 

Granting Class Certification (the “Petition”). See Fed. R. App. P. 5(a); Fed. R. Civ. P. 

23(f). The Petition was filed by Defendants OppenheimerFunds, Inc., OppenheimerFunds 

Distributor, Inc., Scott S. Cottier, Ronald H. Fielding, Daniel G. Loughran, John V. 

Murphy, Troy E.Willis, Brian W. Wixted, and Massachusetts Mutual Life Insurance 

Company. The lead plaintiff filed Respondent’s Opposition to Petition for Permission to 

FILED

United States Court of Appeals

Tenth Circuit

April 15, 2015

Elisabeth A. Shumaker

Clerk of Court

Appellate Case: 15-703 Document: 01019415856 Date Filed: 04/15/2015 Page: 1 
2

Appeal from Order Granting Class Certification, which was applicable to both this 

petition and the companion petition filed by the Oppenheimer California Municipal Fund, 

No. 15-702. 

Also before us is the Petitioners’ Amended Motion for Leave to File a Reply in 

support of Rule 23(f) Petition for Permission to Appeal from Order Granting Class 

Certification. A proposed reply brief was submitted with the motion. The motion to file a 

reply is opposed by the respondent.

As a preliminary matter, the petitioners’ motion to file a reply is granted. The 

reply will be filed as of the date the court received it.

Upon consideration of the Petition, the response, the reply, and the materials on 

file, we grant the Petition for two principal reasons. First, the district court’s order 

granting class certification does not demonstrate the “rigorous analysis” required to 

ensure that Rule 23’s provisions are satisfied. Vallario v. Vandehey, 554 F.3d 1259, 

1266-67 (10th Cir. 2009). Second, the Supreme Court has issued a new decision 

addressing Section 11 securities claims, which the district court did not have an 

opportunity to consider before granting class certification in this case. See Omnicare, Inc. 

v. Laborers Dist. Council Constr. Indus. Pension Fund, No. 13-435, 135 S. Ct. 1318, 

2015 WL 1291916 (U.S. Mar. 24, 2015).

Within 14 days of the date of this order, the petitioners shall pay the $505 filing 

and docketing fees to the Clerk of the District Court for the District of Colorado. See Fed. 

R. App. P. 5(d)(1)(A). The date of this order shall serve as the date of the notice of appeal 

in the new matter. Id. at 5(d)(2). 

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The clerk of this court is directed to open the new appeal once the clerk of the 

district court notifies this court that the filing fee has been paid. Id. at 5(d)(3). The court 

anticipates substantially abbreviated proceedings once the new appeal is open.

Entered for the Court

ELISABETH A. SHUMAKER, Clerk

by: Lara Smith

 Counsel to the Clerk

Appellate Case: 15-703 Document: 01019415856 Date Filed: 04/15/2015 Page: 3