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IN RE EVCI COLLEGES HOLDING CORP. SECURITIES LITIGATION

No. 05 CIV. 10240(CM).

469 F.Supp.2d 88 (2006)

In re EVCI COLLEGES HOLDING CORP. SECURITIES LITIGATION.

United States District Court, S.D. New York.

December 13, 2006.

Attorney(s) appearing for the Case

Alyson Courtney Bruns, Darnley Dickinson Stewart, Gerald Harlan Silk, Bernstein Litowitz Berger & Grossmann LLP, Marian Rosner, Michael Adam Schwartz, Wolf Popper LLP, Richard Adam Acocelli, Jr., Weiss & Lurie, Laurence Paskowitz, Paskowitz & Associates, Philip C. Kim, The Rosen Law Firm, P.A., Catherine A. Torell, Cohen, Milstein, Hausfeld & Toll, P.L.L.C., New York, NY, William Edward Bernarduci, Schatz and Nobel PC, Hartford, CT, Samuel Howard Rudman, Lerach, Coughlin, Stoia, Geller, Rudman & Robbins, LLP, Melville, NY, for Plaintiffs.

Gideon Alexander Schor, Glenn Charles Colton, Meredith Eve Kotler, Wilson Sonsini Goodrich & Rosati, New York, NY, Nicholas Ian Porritt, Wilson Sonsini Goodrich & Rosati, P.C., Reston, VA, for Defendants.

DECISION AND ORDER DENYING MOTION TO DISMISS CONSOLIDATED AMENDED CLASS ACTION COMPLAINT

McMAHON, District Judge.

The passage of the Private Securities Litigation Reform Act ("PSLRA"), 15 U.S.C. § 78u-4(b) — a statute designed to eliminate proven abuses of the securities class action process — has led to some tension between that Act and the ordinary rules applicable to motions to dismiss federal complaints. The PSLRA imposes heightened...

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