In re Amerifirst Securities Litigation

ORDER GRANTING CLASS CERTIFICATION

HOEVELER, District Judge.

THIS CAUSE COMES before the Court upon Plaintiffs’ Motion for Class Certification under Rule 23(b)(3) of the Federal Rules of Civil Procedure.

BACKGROUND

Plaintiffs bring an action, pursuant to § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) and Rule 10b-5 promulgated thereunder, 17 C.F.R. 240.-10b-5, on behalf of themselves and all other persons who purchased or otherwise acquired AmeriFirst common stock between November 5, 1986 and December 26, 1989 (the “Class Period”) on the NASDAQ/National Market System1 against…