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IN RE READ-RITE CORP. SECURITIES LITIGATION

No. C-98-20434 JF.

115 F.Supp.2d 1181 (2000)

In re READ-RITE CORP. SECURITIES LITIGATION. This Document Relates to all Actions.

United States District Court, N.D. California.

March 1, 2000.

Attorney(s) appearing for the Case

William S. Lerach of Milberg Weiss Bershad Hynes & Lerach LLP, San Diego, CA, Jeffrey W. Lawrence of San Francisco, CA, for Plaintiffs.

Boris Feldman, Jared L. Kopel, Gidon M. Caine and Cheryl W. Foung of Wilson Sonsini Goodrich & Rosati, Palo Alto, CA, for Defendant.

FOGEL, District Judge.

Defendants' motion to dismiss, heard June 7, 1999, argues that Plaintiffs in this consolidated class action have failed to meet the heightened pleading standard set by the Private Securities Litigation Reform Act of 1995. For the reasons stated below, the motion is granted.

I. Overview

Plaintiffs allege that defendant Read-Rite, along with individual defendants, violated various securities laws by making false and misleading...

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