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METZLER INV. GMBH v. CORINTHIAN COLLEGES, INC.

No. 06-55826.

534 F.3d 1068 (2008)

METZLER INVESTMENT GMBH, Plaintiff-Appellant, and Conway Investment Club, individually and on behalf of all others similarly situated, Plaintiff, v. CORINTHIAN COLLEGES, INC.; David Moore; Anthony Digiovanni; Dennis Beal, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Filed July 25, 2008.

Attorney(s) appearing for the Case

Jeff S. Westerman, Arthur Miller (argued), Milberg Weiss Bershad & Schulman LLP, Los Angeles, CA, for the plaintiff-appellant.

John W. Spiegel, Robert L. Dell Angelo and Daniel B. Levin, Munger, Tolles & Olson LLP, Los Angeles, CA, for the defendants-appellees.

Before: ALFRED T. GOODWIN, B. FLETCHER, and N. RANDY SMITH, Circuit Judges.

BETTY B. FLETCHER, Circuit Judge:

Due in large part to the enactment of the Private Securities Litigation Reform Act ("PSLRA") of 1995, Pub.L. No. 104-67, 109 Stat. 737 (1995), plaintiffs in private securities fraud class actions face formidable pleading requirements to properly state a claim and avoid dismissal under Fed.R.Civ.P. 12(b)(6). Plaintiff Metzler Investment GMBH's ("Metzler") Consolidated Third Amended Complaint ("TAC"), despite its lengthy and far-ranging...

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