Havenick v. Network Express, Inc.

OPINION AND ORDER GRANTING DEFENDANTS’ MOTIONS TO DISMISS

ROSEN, District Judge.

I.INTRODUCTION

On October 7, 1996, Plaintiffs Fred S. Havenick, George L. Leland, and Jacquelyn Leland filed this class action on behalf of themselves and other purchasers of the stock of Defendant Network Express, Inc. (“NEI”) 1 between March 13, 1995 and October 6, 1995 (the “Class Period”). NEI and the other Defendants in this action had the following relationships during the Class Period:

1. Defendant Richard P. Eidswick was NEI’s President and Chief Executive Officer;

2. Defendant David L. Hartmann was NEI’s…