In Re Diasonics Securities Litigation

OPINION

PECKHAM, Chief Judge.

This complex securities action involves numerous claims raised by various plaintiffs against Diasonics, Inc. (“Diasonics”), certain of its officers and directors (“individual defendants”), and the co-lead underwriters (F. Eberstadt & Co., Inc.; L.F. Rothschild, Unterberg, Towbin; and Hambrecht & Quist, Inc.) (“underwriters”). All defendants are alleged to have participated in the issuance of a materially misleading Registration Statement and Prospectus. The plaintiffs allege that as a result of materially misleading statements and omissions in these documents,…