In Re In-Store Advertising Securities Litigation

OPINION and ORDER

CONBOY, District Judge:

Pending before the Court is the summary judgment motion of defendant KPMG Peat Marwick (“Peat Marwick”), which seeks to dismiss plaintiffs’ federal and state law securities fraud claims on the ground that they are time-barred. For the reasons set forth below, the motion is granted with respect to the federal claims and denied without prejudice with respect to the state law claims. 1

BACKGROUND

This case arises from the sale of common stock pursuant to a July 1990 Initial Public Offering (“IPO”) by a company called In-Store Advertising, Inc. (“In-Store”).…