In Re Gupta Corp. Securities Litigation
District Court, N.D. California
1Opinion of the Court
ORDER GRANTING DEFENDANTS’ MOTIONS TO DISMISS IN PART AND DENYING DEFENDANTS’ MOTION TO DISMISS IN PART; ORDER DENYING PLAINTIFFS’ MOTION TO STRIKE
Introduction
FERN M. SMITH, District Judge.
Plaintiffs in this securities fraud class action suit allege that defendants have violated Sections 10(b), 20(a), and 20A(a) of the Securities Exchange Act of 1934 (the “1934 Act”), 15 U.S.C. §§ 78j(b), 78t(a), 78H(a). Plaintiffs bring this action on behalf of themselves and all other persons who purchased stock in Gupta Corporation (“Gupta”) between September 13, 1993 and July 6, 1994 (the “class period”).…
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