July 3, 2003

Ninth Circuit Affirms Read-Rite Dismissal

The Securities Law Beacon reports that the Ninth Circuit has affirmed the dismissal of the securities class action against Read-Rite Corp. The court agreed with the lower court's determination that the plaintiffs failed to adequately plead scienter. The opinion can be found here.

Posted by Lyle Roberts at July 3, 2003 6:37 PM | TrackBack
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