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IN RE NAVARRE CORP. SECURITIES LITIGATION

No. 01-2543.

295 F.3d 791 (2002)

In re NAVARRE CORPORATION SECURITIES LITIGATION. Daniel Chen, on behalf of himself and all others similarly situated, Plaintiff-Appellant, Judy Poucher, on behalf of herself and all others similarly situated, Plaintiff, Advanced Data Concepts; Steve Chahine; Lee Tachman, Plaintiffs-Appellants, v. Navarre Corp.; Eric H. Paulson; Charles E. Cheney; Alfred Teo; Dickinson G. Wiltz; James G. Sippl; Michael L. Snow, Defendants-Appellees.

United States Court of Appeals, Eighth Circuit.

Filed: July 1, 2002.

Attorney(s) appearing for the Case

Richard A. Lockridge, argued, Minneapolis, MN (Gregg M. Fishbein and Gregory J. Myers, Minneapolis, MN, and James C. Krause and Patrick N. Keegan, San Diego, CA, on the brief), for appellants.

David P. Pearson, argued, Minneapolis, MN (Jeffrey R. Ansel, on the brief), for appellees.

Before FAGG, BEAM, Circuit Judges, GOLDBERG, Judge.

BEAM, Circuit Judge.

The issue before us is whether the amended complaint in this securities fraud class action states a claim under the heightened pleading requirements of the Private Securities Litigation Reform Act of 1995 ("PSLRA"), 15 U.S.C. § 78u-4(b)(1)-(2). The district court2 held that it did not, and dismissed the amended complaint with prejudice. The plaintiffs appeal, and we affirm.

I. BACKGROUND

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