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IN RE INFONET SERVICES CORP. SECURITIES LITIGATION

No. CV 01-10456 NM(Cwx).

310 F.Supp.2d 1080 (2003)

In re INFONET SERVICES CORPORATION SECURITIES LITIGATION

United States District Court, C.D. California.

August 12, 2003.

Attorney(s) appearing for the Case

Edward P. Dietrich, Helen J. Hodges, William S. Lerach, Jonathan E. Behar, Milberg Weiss Bershad Hynes & Lerach, Los Angeles, CA, Kevin M. Prongay, Prongay & Borderud, Lionel Z. Glancy, Michael M. Goldberg, Robert M. Zabb, Glancy & Binkow, Los Angeles, CA, for Plaintiff.

Hugh S. Wilson, Julia E. Parry, Ryan Hart Harrigan, Leigh A. Bradberry, Elisabeth R. Cannon, Latham and Watkins, San Diego, CA, John B. Quinn, Shon Morgan, Thad Alan Davis, Quinn Emanuel Urquhart Oliver & Hedges, Marc Marmaro, Jeffer Mangels Butler & Marmaro, Germain D. Labat, III, Mayer Brown Rowe & Maw, Debra J. Albin-Riley, Winston & Strawn, Marc T.G. Dworsky, Munger Tolles & Olson, Los Angeles, CA, Charles F. Kester, Kester & Isenberg, Encino, CA, George Borden, Matthew J. Herrington, Paul Martin Wolff, Williams & Connolly, Ralph A. Taylor, Jr., Dorsey & Whitney, Washington, DC, David M. Jacobson, Evan L. Schwab, Dorsey & Whitney, Seattle, WA, Kent J. Schmidt, Dorsey & Whitney, Irvine, CA, for Defendant.

ORDER GRANTING DEFENDANTS INFONET SERVICES CORP., JOSE A. CALLAZO, AKBAR H. FIRDOSY, ERIC DE JONG, MORGAN EKBERG, MASAO KOJIMA, JOSEPH NANCOZ, RAFAEL SAGRARIO, AND DOUGLAS CAMPBELL'S MOTION TO DISMISS

MANELLA, District Judge.

I. INTRODUCTION

On December 16, 1999, Infonet Services Corporation made an initial public offering ("IPO") of its Class B common stock. Since the IPO, Infonet's initial stock price of $21 has declined significantly. Plaintiffs...

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