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HOCKEY v. MEDHEKAR

No. C-96-0815 MHP.

932 F.Supp. 249 (1996)

Robert HOCKEY, On Behalf of Himself and All Others Similarly Situated, Plaintiff, v. Ajit K. MEDHEKAR, et al., Defendants.

United States District Court, N.D. California.

July 11, 1996.

Attorney(s) appearing for the Case

William S. Lerach, Milberg Weiss Bershad Hynes & Lerach LLP, San Diego, CA, Richard S. Schiffrin, Michael D. Craig, Schiffrin & Craig, Ltd., Bala Cynwyd, PA, for Robert Hockey.

Norman J. Blears, Joyce M. Cartun, Heller Ehrman White & McAuliffe, Palo Alto, CA, Gregory E. Barton, Alliance Semiconductor Corporation, San Jose, CA, for Ajit K. Medhekar, Sid Agrawal, C.N. Reddy, C.N. Reddy Investments, Inc., N. Damodar Reddy, Alliance Semiconductor Corp.

Norman J. Blears, Joyce M. Cartun, Heller Ehrman White & McAuliffe, Palo Alto, CA, for N.D.R. Investments, Inc., Ronald K. Shelton.

OPINION

PATEL, District Judge.

Plaintiff Robert Hockey ("Hockey") brought this action on behalf of himself and all others similarly situated against various defendants in connection with the purchase and sale of common stock in Alliance Semiconductor Corporation. The complaint contains a single claim of securities fraud under section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), and accompanying Rule 10b-5, and controlling...

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