In Re Utstarcom, Inc. Securities Litigation

ORDER DENYING DEFENDANTS’ MOTIONS TO DISMISS; GRANTING DEFENDANTS’ MOTIONS TO STRIKE; DENYING MOTIONS TO INTERVENE AND TO STRIKE AS MOOT

JAMES WARE, District Judge.

7. INTRODUCTION

This is a putative securities fraud class action brought on behalf of investors who acquired UTStarcom, Inc. (“UTStarcom” or “UTSI” or “Company”) securities between February 21, 2003 and October 12, 2007 (the “Class Period”), against UTStarcom and certain of its officers and directors, 1 as well as Softbank Corporation (“SBC”), Softbank America, Inc. (“SBA”), and Softbank Holdings, Inc. (“SBH”) 2 (collectively,…