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TRI STAR FARMS LTD. v. MARCONI, PLC

Civil Action No. 01-1259.

225 F.Supp.2d 567 (2002)

TRI-STAR FARMS LTD. and the City of Miami Fire Fighters' and Police Officers' Retirement Trust Fund, on behalf of themselves and all others similarly situated, Plaintiffs, v. MARCONI, PLC, Roger Hurn, George Simpson, John Mayo, and Steve Hare, Defendants.

United States District Court, W.D. Pennsylvania.

September 18, 2002.

Attorney(s) appearing for the Case

Alfred G. Yates, Jr., Gerald L. Rutledge, Pittsburgh, PA, Sherrie R. Savett, Stuart J. Guber, Douglas M. Risen, Berger & Montague, Philadelphia, PA, for Plaintiffs.

Patrick J. McElhinny, David A. Brownlee, Thomas R. Johnson, Kirkpatrick & Lockhart, Pittsburgh, PA, for Defendants.

MEMORANDUM

LANCASTER, District Judge.

This is a class action in which plaintiffs allege defendants violated of the federal securities laws. Plaintiffs argue that defendants artificially inflated the market price for Marconi, PLC ("Marconi") securities by issuing fraudulently false and misleading statements in violation of section 10(b) of the Securities Exchange Act of 1934 (the "Exchange Act"), 15 U.S.C. § 78j(b), and Rule 10b-5 promulgated...

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