In re OmniVision Technologies, Inc. Securities Litigation

ORDER DENYING MOTION TO DISMISS CONSOLIDATED CLASS ACTION COMPLAINT

RONALD M. WHYTE, District Judge.

Defendants OmniVision Technologies, Inc. (“OmniVision” or “OVTI”), Shaw Hong, Anson Chan, and Aurelio “Ray” Cisneros move to dismiss the Consolidated Class Action Complaint (“Complaint”). Lead plaintiffs oppose the motion. On October 26, 2012, the court held a hearing to consider defendants’ motion. Having considered the papers submitted by the parties and the arguments of counsel, and for the reasons set forth below, the court denies the motion.

I. BACKGROUND

Lead plaintiffs Oakland County…