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HAYES v. CROWN CENTRAL PETROLEUM CORP.

No. CIV.A.02-122-A.

249 F.Supp.2d 725 (2002)

James J. HAYES, on behalf of himself and all others similarly situated, and Thomas Boots, on behalf of himself and all others similarly situated, Plaintiffs, v. CROWN CENTRAL PETROLEUM CORPORATION, Michael F. Dacey, Stanley A. Hoffberger, Barry L. Miller, Frank B. Rosenberg, Henry A. Rosenberg, Jr., John E. Wheeler, Jr., Jack Africk, Harold Ridley, Credit Suisse First Boston Corporation and Rosemore, Inc., Defendants.

United States District Court, E.D. Virginia, Alexandria Division.

September 4, 2002.

Attorney(s) appearing for the Case

Timothy D. Battin, Straus & Boies LLP, Fairfax, VA, for Plaintiffs.

Elizabeth Flannagan Edwards, McGuireWoods LLP, Richmond, VA, Robert Stephen Bennett, Robert William Warnement, Skadden, Arps, Slate, Meagher & Flom, John Thorpe Lawrence Richards, Jr., Suzanne Miller Trinh, Shearman & Sterling, Washington, DC, for Defendants.

MEMORANDUM OPINION

HILTON, Chief Judge.

This case is before the Court on the Defendants' motions to dismiss. In its Order and Memorandum Opinion of June 13, 2002, this Court dismissed the claim under Section 14(a) of the Securities Exchange Act of 1934 because Plaintiffs made only the conclusory allegation that Defendants' opinion was subjectively false and thereby failed to satisfy the heightened pleading standards of the Private Securities Litigation Reform...

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