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MAKOR ISSUES & RIGHTS, LTD. v. TELLABS, INC.

No. 04-1687.

437 F.3d 588 (2006)

MAKOR ISSUES & RIGHTS, LTD., et al., Plaintiffs-Appellants, v. TELLABS, INC., et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided January 25, 2006.

Attorney(s) appearing for the Case

Richard H. Weiss, Milberg, Weiss, Bershad & Schulman, New York, NY, Arthur R. Miller (argued), Cambridge, MA, Lori A. Fanning, Miller, Faucher & Cafferty, Chicago, IL, for Plaintiff-Appellant.

David F. Graham (argued), Sidley Austin Brown & Wood, Chicago, IL, for Defendant-Appellee.

Before RIPPLE, WOOD, and SYKES, Circuit Judges.

WOOD, Circuit Judge.

This class action against Tellabs, Inc., a manufacturer of specialized equipment used in fiber optic cable networks, presents the first opportunity for this court to address the heightened pleading requirements of the Private Securities Litigation Reform Act of 1995 (PSLRA), 15 U.S.C. § 78u-4(b). The plaintiffs have accused Tellabs and its executives of engaging in a scheme to deceive the investing public about the true value of Tellabs's...

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