Ninth Circuit -- ERIC PETZSCHKE V. CENTURY ALUMINUM COMPANY

Tracing of shares to specific issue doesn't state a claim where aftermarket shares were purchased from a company in a de facto joint venture with the issuing entity -- the company might have had other holdings of the stock.

Traceability speaks to statutory standing under S11, not Article III standing.

ERIC PETZSCHKE V. CENTURY ALUMINUM COMPANY