Edmund J. Janas, Plaintiff-Appellant,
v.
Edward R. McCracken; Michael Ramsay; Robert K. Burgess; Thomas J. Oswald; Teruyasu Sekimoto; Forest Baskett; Stephen Goggiano; William M. Kelly; Lucille Shapiro; Silicon Graphics, Inc., Defendants-Appellees.
Deanna Brody; Andrea S. Donald; Israel Buck; Ruth Buck; Denise Struthers; Thomas G. Di Cicco Ira; Steven B. Ewall; Rosalyn Golaine; Jerry Krim; Mary Anne Beke; Herman Grossman; Samuel J. Reiner; Dennis Lucas, Plaintiffs-Appellants,
v.
Edward R. McCracken; Michael Ramsay; Robert K. Burgess; Thomas J. Oswald; Teruyasu Sekimoto; Forest Baskett; Stephen Goggiano; William M. Kelly; Lucille Shapiro; Silicon Graphics, Inc., Defendants-Appellees.
United States Court of Appeals, Ninth Circuit.https://leagle.com/images/logo.png
Argued and Submitted June 11, 1998.
Filed July 2, 1999.
Amended August 4, 1999.
Amended and Concurring and Dissenting Opinion August 25, 1999.
Attorney(s) appearing for the Case
Paul F. Bennett, Gold Bennett & Cera, San Francisco, California, for plaintiff-appellant Edmund J. Janas; Leonard B. Simon, Milberg Weiss Bershad Hynes & Lerach, San Diego, California, for plaintiffs-appellants Deanna Brody, et al.
Richard H. Walker, General Counsel, Securities and Exchange Commission, Washington, DC, for amicus curiae Securities and Exchange Commission.
Jonathan C. Dickey, Gibson, Dunn & Crutcher, LLP., Palo Alto, CA, for amicus curiae American Electronics Association.
Bruce G. Vanyo, Wilson Sonsini Goodrich & Rosati, Palo Alto, California, for the defendants-appellees.
Before: BROWNING and SNEED, Circuit Judges, and RHOADES, District Judge.
United States Court of Appeals, Ninth Circuit.
Opinion by Judge SNEED; Concurrence and Dissent by Judge BROWNING.
SNEED, Circuit Judge:
This case requires us to interpret the Private Securities Litigation Reform Act of 1995 ("PSLRA").2 Congress enacted the PSLRA to deter opportunistic private plaintiffs from filing abusive securities fraud claims, in part, by raising the pleading standards for private securities fraud plaintiffs. See, e.g., H.R. Rep. Conf. No. 104-369...
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