Court of Appeals for the Eighth Circuit July 31, 2002, No. 01-2543 (Chen v. Navarre Corp.)

BEAM, Circuit Judge.

The issue before us is whether the amended complaint in this securities fraud class action states a claim under the *738heightened pleading requirements of the Private Securities Litigation Reform Act of 1995 (“PSLRA”), 15 U.S.C. § 78u-4(b)(1), (2). The district court2 held that it did not, and dismissed the amended complaint with prejudice.