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IN RE MTC ELECTRONIC TECHNOLOGIES SHAREHOLDER

Nos. 93-CV-876 (JG), 95-CV-2499 (JG). No.MDL 1059.

74 F.Supp.2d 276 (1999)

In re MTC ELECTRONIC TECHNOLOGIES SHAREHOLDER LITIGATION This Document Relates To: Fred Kayne, et al. v. MTC Electronic Technologies Co., Ltd., et al.

United States District Court, E.D. New York.

November 17, 1999.

Attorney(s) appearing for the Case

Lawrence H. Nagler, Robert M. Zabb, Nagler & Associates, Los Angeles, CA, for Fred Kayne, et al.

Gary P. Naftalis, Kramer Levin Naftalis & Frankel, New York City, for Daiwa Securities America, Inc.

Bruce S. Kaplan, Friedman Kaplan & Seiler LLP, New York City, for Robert Farr, et al.

MEMORANDUM AND ORDER

GLEESON, District Judge.

Defendants Daiwa Securities America, Inc., Robert Farr, Peter Jensen, Thomas Lenagh, Edilberto Pozon, Goodwin Way, and David Wong move to dismiss the Racketeering Influenced and Corrupt Organizations Act ("RICO") claims brought in the plaintiffs' third amended complaint. They contend that these claims are barred by the Private Securities Litigation Reform Act of 1995 ("PSLRA"). In addition, Daiwa and two...

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