Argued and Submitted December 8, 1999 — San Francisco
KLEINFELD, Circuit Judge.
This case concerns sufficiency of the pleadings in a securities fraud case.
I. FACTS
The district court dismissed this case for failure to state a claim upon which relief could be granted, so we state the facts as they are stated in the complaint to determine whether the complaint states a claim upon which relief could be granted. In the context...
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