IN RE SCB COMPUTER TECHNOLOGY, INC., SECS. LITIG.

No. 00-2343 G/V.

149 F.Supp.2d 334 (2001)

In re SCB COMPUTER TECHNOLOGY, INC., SECURITIES LITIGATION.

United States District Court, W.D. Tennessee, Western Division.

February 15, 2001.


Attorney(s) appearing for the Case

Andrew N. Friedman, Cohen, Milstein, Hausfield & Toll, Washington, DC, George E. Barrett, Douglas S. Johnston, Barrett, Johnston & Parsley, Nashville, TN, David Kessler, Robert B. Weiser, Schiffrin & Barroway, Bala Cynwyd, PA, Paul Kent Bramlett, Law Office of Paul Bramlett, Nashville, TN, Frederic S. Fox, Joel B. Strauss, Janine R. Azriliant, Kaplan, Kilsheimer & Fox, LLP, New York City, Myron M. Cherry, Matthew David Tanner, Cherry & Lehman, Chicago, IL, Kenneth J. Vianale, Maya Saxena, Milberg, Weiss, Bershad, Hynes & Lerach, LLP, Boca Raton, Paul J. Geller, Cauley & Geller, LLP, Boca Raton, FL, Fred Taylor Isquith, Wolf, Haldenstein, Adler, Freeman & Herz, LLP, New York City, Bruce G. Murphy, Law Office of Bruce Murphy, Vero Beach, FL, Jeffrey C. Block, Glenn Devalerio, Berman, Devalerio & Pease, LLP, Boston, MA, Charles J. Piven, Law Offices of Charles J. Piven, Baltimore, MD, Brian P. Murray, Rabin & Peckel, LLP, New York City, Evan Smith, Brodsky & Smith, LLC, Bala Cynwyd, PA, for Plaintiff.

Jef Feibelman, Douglas F. Halijan, Burch, Porter & Johnson, Memphis, TN, Peter Q. Bassett, Steven M. Collins, Jason N. Poulos, Alston & Bird, Atlanta, GA, for Defendant.

Louis R. Lucas, Lucas, Thompson, Ryan & Sossaman, Memphis, TN, Read K. McCaffrey, Lanny J. Davis, Michael E. Klein, John L. Oberdorfer, Patton & Boggs, LLP, Washington, DC, for Defendant.

Frank J. Glankler, Jr., C. Barry Ward, Glankler & Brown, PLLC, Memphis, TN, Joseph B. Haynes, Michael R. Smith, Cheri A. Grosvenor, King and Spalding, Atlanta, GA, for Defendant.


ORDER GRANTING DEFENDANTS' MOTIONS TO DISMISS

GIBBONS, District Judge.

The plaintiffs in these consolidated cases seek damages against defendants SCB Computer Technology, Inc. ("SCB"), Ben C. Bryant, Jr., T. Scott Cobb, Gary E. McCarter, and Ernst & Young LLP ("E & Y") for their alleged securities fraud.1 Specifically, plaintiffs, who seek to represent a class of purchasers of SCB's common stocks,2<...

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