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IN RE AES CORP. SECURITIES LITIGATION

No. CIV.A. 02-1485-A.

240 F.Supp.2d 557 (2003)

In re AES CORPORATION SECURITIES LITIGATION

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

January 16, 2003.

Attorney(s) appearing for the Case

John Christopher Pasierb, Cohen Gettings & Caulkins P.C., Arlington, VA, for Plaintiffs.

David Emmett Carney, Skadden Arps Slate Meagher & Flom L.L.P., Washington, DC, for Defendants.

Conor R. Crowley, Finkelstein Thompson & Loughran, Washington, DC, John Christopher Pasierb, Cohen Gettings & Caulkins P.C., Arlington, VA, for Movants.

MEMORANDUM OPINION

ELLIS, District Judge.

At issue on a transfer motion in these consolidated securities class actions is whether the venue provision in § 27 of the Securities Exchange Act, 15 U.S.C. § 78aa, permits venue in a district based only on the fact that allegedly misleading information was transmitted into the district, or whether § 78aa also requires a showing that at least one class member in the transferee district read...

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