District Court, W.D. North Carolina January 10, 2001, 3:99CV237-MCK (In Re First Union Corp. Securities Litigation)

ORDER

. McKNIGHT, United States Magistrate Judge.

This matter is before the Court with the consent of the parties for ruling on Defendants’ Motion to Dismiss. [Doc. 41.] Oral argument was held on the motion and the matter is now ripe for resolution.

OVERVIEW

Twelve class action suits were filed against Defendant First Union and its directors.