Grossman v. Novell, Inc.

ORDER

BENSON, District Judge.

This class-action securities fraud suit, brought by and on behalf of Novell stockholders, is before the Court on defendants’ motion to dismiss. The parties did not request oral argument on this motion. Having read the memoranda submitted by the parties, being fully apprised, and for good cause shown, the Court makes the following findings and enters the following order.

I. BACKGROUND

This case concerns statements made by the defendants concerning Novell, Inc.’s merger with WordPerfect Corporation (“WordPerfect”). Novell, Inc. (“Novell”) is a publicly traded Utah…