IN RE SOUTHERN PACIFIC FUNDING CORP. SEC. LIT.

No. Civ. 98-1239-MA.

83 F.Supp.2d 1172 (1999)

In re SOUTHERN PACIFIC FUNDING CORPORATION SECURITIES LITIGATION.

United States District Court, D. Oregon.

December 7, 1999.


Attorney(s) appearing for the Case

Gary Berne, Timothy Dejong, Stoll Stoll Berne Lokting & Schlacter P.C., Portland, OR, William Lerach, Alan Schulman, Debra Wyman, Milberg Weiss Bershad Hynes & Lerach LLP, San Diego, CA, Edward Dietrich, Los Angeles, CA, Stuart Savett, Barbara Podell, Savett Frutkin Podell & Ryan, P.C., Philadelphia, PA, Vincent Cappucci, Entwistle & Cappucci LLP, New York City, Jordan Lurie, Elizabeth Lin, Weiss & Yourman, Los Angeles, CA, for plaintiffs.

Eric Todderud, Heller Ehrman White & McAuliffe, Portland, OR, Daniel Dunne, Jr., Heller Ehrman White & McAuliffe, Seattle, WA, Thomas Dulcich, Schwabe Williamson & Wyatt PC, Portland, OR, Paul George, Foster Pepper Shefelman LLP, Portland, OR, Peter Rosen, Mayer Brown & Platt, Los Angeles, CA, for ICII defendants.

Joseph C. Arellano, Kennedy Watts Arellano & Ricks LLP, Portland, OR, for defendant KPMG.


OPINION & ORDER

MARSH, District Judge.

This is the third time that I have conducted a painstaking review of the plaintiffs' complaint to determine if the allegations of fraud are sufficient to withstand dismissal under the Private Securities Litigation Reform Act (PSLRA). This latest round of motions comes at my prompting. Since my last opinion, two significant Ninth Circuit decisions were issued that clearly affect my prior holdings. While I did not...

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