In Re Wet Seal, Inc. Securities Litigation

ORDER REGARDING DEFENDANTS’ MOTIONS TO DISMISS AND PLAINTIFFS’ MOTION TO STRIKE EXHIBITS AND PORTIONS OF DEFENDANTS’ MOTIONS

GARY ALLEN FEESS, District Judge.

I

INTRODUCTION

Wet Seal, Inc. (“Wet Seal”) is a specialty retailer that sells clothing to young women, specifically teenagers. For some period of time, Wet Seal managed successfully to navigate the choppy seas of this marketplace. By mid-2002, however, it started losing money, and by early 2003 its overall same store sales were declining. Indeed, Wet Seal’s stock price dropped by almost 75% by the beginning date of the class period in this…