IN RE LIVENT, INC. SECURITIES LITIGATION

No. 98 Civ. 5686 (RWS).

78 F.Supp.2d 194 (1999)

In re LIVENT, INC. SECURITIES LITIGATION. This Document Relates to All Actions.

United States District Court, S.D. New York.

December 10, 1999.


Attorney(s) appearing for the Case

Beatie and Osborn, New York City (Daniel A. Osborn, of counsel), Berger & Montague, Philadelphia, PA (Sherrie R. Savett, Jeanne A. Markey, Arthur Stock, of counsel), Shiffrin & Barroway, Bala Cynwyd, PA (Marc A. Topaz, of counsel), for Plaintiffs.

Gibson, Dunn & Crutcher, New York City (John T. Behrendt, Peter J. Beshar, Deborah Verdile, of counsel), for Defendant Deloitte Touche.

Wachtell, Lipton, Rosen & Katz, New York City (Eric M. Roth, Elaine Golin, of counsel), for Defendant A. Alfred Taubman.

Weil, Gotshal & Manges, New York City (Greg A. Danilow, Stephen A. Radin, of counsel), for Defendant H. Garfield Emerson.

O'Sullivan Graev & Karabell, New York City (Bradley J. Butwin, Jonathan Rosenberg, of counsel), for Defendant Martin Goldfarb.

Fried, Frank, Harris, Shriver & Jacobson, New York City (Harvey L. Pitt, Mark J. Stein, of counsel), for Defendant Garth H. Drabinsky.

Richards Spears Kibbe & Orbe, New York City (Lee S. Richards, Daniel C. Zinman, of counsel), for Defendant Myron Gottlieb.

Morvillo, Abramowitz, Grand, Iason & Silberberg, New York City (Barry A. Bohrer, James C. Dugan, of counsel), for Defendant Maria M. Messina.

Davis Weber & Edwards, New York City (Sidney Davis, Stacy Kellner Rosenberg, of counsel), for Defendant Robert Topol.


OPINION

SWEET, District Judge.

Defendants Garth A. Drabinsky ("Drabinsky"), Myron Gottlieb ("Gottlieb"), Robert Topol ("Topol"), Maria M. Messina ("Messina"), H. Garfield Emerson ("Emerson"), Martin Goldfarb ("Goldfarb"), A. Alfred Taubman ("Taubman"),1 and Deloitte & Touche Canada ("D & T"), have moved to dismiss this action, pursuant to Rule 9(b) of the Federal Rules of Civil Procedure, for failure to plead scienter...

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