GLUCK v. CELLSTAR CORP.

Civil Action No. 3:96-CV-1353-R.

976 F.Supp. 542 (1997)

Sidney GLUCK, et al., on behalf of themselves and all others similarly situated, Plaintiffs, v. CELLSTAR CORPORATION, et al., Defendants.

United States District Court, N.D. Texas, Dallas Division.

August 19, 1997.


Attorney(s) appearing for the Case

Roger Farrell Claxton, Kilgore & Kilgore, Dallas, TX, David J. Bershad, Melvyn I. Weiss, Steven G. Schulman, Salvatore J. Graziano, Milberg Weiss Bershad Hynes & Lerach, New York City, Lawrence G. Soicher, Law Office of Lawrence G. Soicher, New York City, for Sidney Gluck, John Dolcemaschio, James Miller, Nancy L. Miller.

William Andrew Brewer, III, Michael Joseph Collins, Jamil N. Alibhai, Bickel & Brewer, Dallas, TX, Stephen J. Gugenheim, Rubin & Gugenheim, Dallas, TX, Jay W. Eisenhofer, Stuart M. Grant, Scott R. Haiber, Blank Rome Comisky & McCauley, Wilmington, DE, Cynthia A. Calder, Grant & Eisenhofer, Wilmington, DE, for State of Wisconsin Investment Bd.

Michael Joseph Collins, Bickel & Brewer, Dallas, TX, Jay W. Eisenhofer, Blank Rome Comisky & McCauley, Wilmington, DE, for Martin Katz, Norma I. Vittor, Mostafa Aboul-Fetouh, Ahmed Aboul-Fetouh, Enass Aboul-Fetouh.

Roger Farrell Claxton, Robert James Hill, Kilgore & Kilgore, Dallas, TX, Melvyn I. Weiss, Milberg Weiss Bershad Hynes & Lerach, New York City, for Elvia H. Goggin, R. Heath Larry.

Roger Farrell Claxton, Robert James Hill, Kilgore & Kilgore, Dallas, TX, for Reed Riemer, Lillian Riemer.

Mark W. Gaffney, Rabin & Garland, New York City, Timmy Kent Goss, Capshaw Goss & Bowers, Dallas, TX, for Diane Larson.

George Walter Bramblett, Jr., Noel M. B. Hensley, Kerry McHugh Breaux, Haynes & Boone, Dallas, TX, for Cellstar Corp., Alan H. Goldfield, Terry S. Parker, John S. Bain.

Michael Landon Dinnin, Gregory John Sachnik, Gayle Anne Boone, Bracewell & Patterson, Dallas, TX, Joseph Clifford Gunter, III, Bracewell & Patterson, Houston, TX, for Kenneth W. Sanders.

David Lawrence Peavler, Locke Purnell Rain Harrell, Dallas, TX, Timothy W. Mountz, Baker & Botts, Dallas, TX, for KPMG Peat Marwick, LLP.

Noel M. B. Hensley, Haynes & Boone, Dallas, TX, for Michael S. Hedge, Kenneth E. Kerby, Leonard C. Ratley, Evelyn M. Henry.

George Walter Bramblett, Jr., Haynes & Boone, Dallas, TX, for Daniel T. Bogar, James L. Johnson.

George Walter Bramblett, Jr., Haynes & Boone, Dallas, TX, Michael Joseph Collins, Bickel & Brewer, Dallas, TX, Jay W. Eisenhofer, Blank Rome Comisky & McCauley, Wilmington, DE, for Ronald J. Kramer.


OPINION

BUCHMEYER, Chief Judge.

This case, which involves alleged violations of federal securities laws,1 presents a question of first impression in this Circuit regarding the application of the "Lead Plaintiff" provisions of the Private Securities Litigation Reform Act of 1995 (the "PSLRA" or the "Reform Act").2 The State of Wisconsin Investment Board ("SWIB") seeks appointment as the sole Lead Plaintiff...

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