OPINION AND ORDER
LORNA G. SCHOFIELD, District Judge.
Shareholders of ShengdaTech, Inc. ("ShengdaTech" or the "Company") brought suit against ShengdaTech and its officers and directors for securities fraud. This consolidated action is now before the Court on the motion of Defendants A. Carl Mudd and Sheldon B. Saidman to dismiss the Third Consolidated Amended Class Action Complaint. For the following reasons, their motion is granted.
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