Legal Opinion

Azzolini v. Corts Trust II For Provident Financial Trust I

District Court, E.D. Tennessee

Decided September 12, 2005No. Nos. 1:03-CV-049, MDL 1:03-MD-1552, 1:03-CV-1003, 1:03-CV-1005PublishedCited by 1 opinion

1Opinion of the Court

MEMORANDUM

COLLIER, District Judge.

TABLE OF CONTENTS

I. INTRODUCTION.867

II. RELEVANT FACTS AND PROCEDURE.867

A. General Background.,.■.867

B. The Litigation.868

C. The Glickenhaus Allegations.869

D. The Azzolini and Berstein Allegations.871

III. STANDARD OF REVIEW .873

IV. IN RE UNUMPROVIDENT CORP. SECURITIES LITIGATION (1:03-CV-49).873

A. Request for Judicial Notice and Motion to Strike.874

B. Statute of Limitations .879

C. Failure to State a Claim for Securities Fraud. 884

1. Material Misstatements and/or Omissions.884

a. Alleged Claims Handling Misrepresentations.885

b. Alleged Investment…

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