Washtenaw County Employees Retirement System v. Avid Technology, Inc.

MEMORANDUM AND ORDER

YOUNG, District Judge.

I. INTRODUCTION

This is a putative class action filed by Michael Courtney (“Courtney”) and Wash-*98tenaw County Employees Retirement System (“Washtenaw”) (collectively, the “Plaintiffs”) against Avid Technology, Inc. (“Avid,” or the “Company”), certain of its officers (the “Individual Defendants”) (collectively with Avid, the “Avid Defendants”), and Ernst & Young LLP (“Ernst & Young”) (collectively with the Avid Defendants, the “Defendants”), seeking remedies for violations of the federal securities laws pursuant to the Securities Exchange Act of 1934,…