IN RE CIENA CORP. SECURITIES LITIGATION

No. Civ.A. JFM-98-2946.

99 F.Supp.2d 650 (2000)

In re CIENA CORPORATION SECURITIES LITIGATION.

United States District Court, D. Maryland.

May 15, 2000.


Attorney(s) appearing for the Case

Marc A. Topaz, Schiffrin & Barroway, Bala Cynwyd, PA, Marc S. Zweben, Rockville, MD, Charles J. Piven, Baltimore, MD, John B. Isbister, Tydings & Rosenberg, Baltimore, MD, Leonard Barrack, Barrack, Rodos & Bacine, Philadelphia, PA, for plaintiffs.

Shirli Fabbri Weiss, Robert W. Brownlie, Mark H. Hamer, Gray, Cary, Ware & Friedenrich LLP, San Diego, CA, Joseph M. Hassett, Hogan & Hartson LLP, Washington, DC, Douglas R.M. Nazarian, Hogan & Hartson LLP, Baltimore, MD, for defendants.


OPINION

MOTZ, District Judge.

This is an action for securities fraud brought against CIENA Corporation and several of its officers. Plaintiffs seek to represent a class composed of all persons (other than the officers and directors of CIENA and their privies) who were damaged by having purchased CIENA stock during the period from May 21, 1998, to September 14, 1998 ("class period"). Plaintiffs allege that during the class period, defendants made misleading...

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