In Re Optionable Securities Litigation
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM OPINION
LEWIS A. KAPLAN, District Judge.
This matter is before the Court on motions by defendants to dismiss the Consolidated Amended Class Action Complaint (the “Complaint”) on the ground that it fails to state a claim upon which relief may be granted and fails to allege fraud with the particularity required by Section 21D-4(b) of the Private Securities Litigation Reform Act (the “PSLRA”) 1 and Fed. R.Civ.P. 9(b). 2
Facts
This is an action against Optionable, Inc. (“Optionable”) and five individual defendants for alleged violations of Section 10(b), 20(a) and 20A of the Securities…
2Cases cited25 opinions
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- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- ATSI Communications, Inc. v. Shaar Fund, Ltd.Court of Appeals for the Second Circuit · 2007
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