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COATES v. HEARTLAND WIRELESS COMMUNICATIONS, INC.

No. Civ.A. 3:98-CV-0452-D.

100 F.Supp.2d 417 (2000)

Robert COATES, et al., Plaintiffs, v. HEARTLAND WIRELESS COMMUNICATIONS, INC., et al., Defendants.

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

June 16, 2000.

Attorney(s) appearing for the Case

Roger F. Claxton, Robert J. Hill, Claxton & Hill, PLLC, Dallas, TX, for plaintiffs.

Ralph I. Miller, Penny P. Reid, Robert R. Summerhays, Weil, Gotshal & Manges LLP, Dallas, Texas, Joseph S. Allerhand, Weil, Gotshal & Manges, LLP, New York City, for defendants.

FITZWATER, District Judge.

In this securities fraud action, the court is again called upon to decide whether plaintiffs have adequately pleaded scienter. Concluding that they at most allege a reasonable, but not strong, inference of the required state of mind, the court grants defendants' motion to dismiss.

I

Plaintiffs Robert Coates and Management Insights, Inc. purchased 504,000 shares of common stock in defendant Heartland Wireless Communications...

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