Seiffer v. Topsy's International, Inc.

MEMORANDUM AND ORDER

O’CONNOR, District Judge.

TABLE OF CONTENTS

I. INTRODUCTION ............................................. 658

II. THE LAW AS TO THE CLAIMS OF PLAINTIFFS AND THE CLASS .. 661

A. Jurisdiction and Venue...................................... 661

B. Touche, Ross & Co. as a Defendant...........................'. 661

C. Right of Action Under Section 10(b) of the 1934 Act, Rule 10b-5 and Section 17(a) of the 1933 Act.............................. 661

D. The Elements of Plaintiffs’ Cause of Action..................... 662

1. Materiality............................................ 663

2. The…