Pegasus Holdings v. Veterinary Centers of America, Inc.

ORDER GRANTING DEFENDANTS’ MOORE, TAUBER, AND ARTHUR ANTIN’S MOTION TO DISMISS

MORENO, District Judge.

I

INTRODUCTION AND FACTUAL BACKGROUND

This cause of action, filed on or about June 19, 1998, arises from an allegedly fraudulent scheme involving securities. In 1996, defendants, who occupied various positions of control at Veterinary Centers of America (“VCA”) 1 , sold large amounts of VCA stock at a comparatively high price while completing three major mergers and acquisitions. Through such activities, defendants were able to make substantial profits and prevent dilution of the stock from…