IN RE STELLENT, INC. SECURITIES LITIGATION

No. CIV.03-4384(RHK/AJB).

326 F.Supp.2d 970 (2004)

In re STELLENT, INC. SECURITIES LITIGATION,

United States District Court, D. Minnesota.

July 23, 2004.


Attorney(s) appearing for the Case

Reed R. Kathrein, Dennis J. Herman, and Maria V. Morris, Lerach Coughlin Stoia & Robbins LLP, San Francisco, California; William S. Lerach, Lerach Coughlin Stoia & Robbins LLP, San Diego, California; Garrett D. Blanchfield, Jr., Reinhardt Wendorf & Blanchfield, St. Paul, Minnesota; Christopher Keller and Louis Gottlieb, Goodkind Labaton, Rudoff & Sucharow, New York, New York, for Plaintiffs.

Peter W. Carter, Heather J. Klaas, and Theresa M. Bevilacqua, Dorsey & Whitney, Minneapolis, Minnesota, for Defendants.


MEMORANDUM OPINION AND ORDER

KYLE, District Judge.

Introduction

Since Congress overrode President Clinton's veto in December 1995 to enact the Private Securities Litigation Reform Act ("the Reform Act"), plaintiffs in private securities fraud cases have been required to allege both defendants' fraudulent acts and mental state with particularity. Investors in Stellent, Inc. ("Stellent"), a Minnesota-based software developer, have filed seven lawsuits...

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