District Court, N.D. California March 1, 2000, C-98-20434 JF (In Re Read-Rite Corp. Securities Litigation)

FOGEL, District Judge.

Defendants’ motion to dismiss, heard June 7, 1999, argues that Plaintiffs in this consolidated class action have failed to meet the heightened pleading standard set by the Private Securities Litigation Reform Act of 1995. For the reasons stated below, the motion is granted.

I.