In re Diasonics Securities Litigation

ORDER

DONALD E. ABRAM, United States Magistrate.

This federal securities action arises from the alleged dissemination of a materially misleading Registration Statement and Prospectus by Diasonics, Inc., a California corporation, in connection with its public offering of common stock on February 23, 1983. Diasonics raised more than 125 million dollars from public investors as the result of this offering. This action is brought by a plaintiffs’ class comprised of all persons who purchased Diasonics common stock during the period of February 23, 1983, through January 31, 1984. Plaintiffs allege…