In Re Infonet Services Corporation Securities Litigation
District Court, C.D. California
1Opinion of the Court
ORDER GRANTING DEFENDANTS MERRILL LYNCH & CO., INC., UBS WARBURG LLC, ABN AMRO, GOLDMAN, SACHS, & CO., LEHMAN BROTHERS, AND SALOMON SMITH BARNEY INC.’S MOTION TO DISMISS
ORDER GRANTING DEFENDANTS KDDI CORP., KPN TELECOM, SWISSCOM AG, TELEFONICA INT’L HOLDING B.V., TELIA AB, AND TELSTRA CORP. LTD.’S MOTION TO DISMISS
MANELLA, District Judge.
I. INTRODUCTION
On December 16, 1999, Infonet Services Corporation made an initial public offering («IPO”) 0f jfs Qiass b common stock. Since the IPO, Infonet’s initial stock price of $21 has declined significantly. Plaintiffs allege that the drop in Infonet’s…
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