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IN RE 3COM SECURITIES LITIGATION

No. C-89-20480(A).

761 F.Supp. 1411 (1990)

In re 3COM SECURITIES LITIGATION. This Document Relates To: All Actions.

United States District Court, N.D. California.

May 7, 1990.

Attorney(s) appearing for the Case

William S. Lerach (co-lead counsel), Milberg, Weiss, Bershad, Specthrie & Lerach, San Diego, Cal., Ernest T. Kaufmann, Kaufmann, Malchman, Kaufmann & Kirby, Los Angeles, Cal., Irving Malchman, Kaufmann, Malchmann, Kaufmann & Kirby, New York City, Richard Schiffrin, Schiffrin & Craig, Chicago, Ill., Guido Saveri, Saveri & Saveri, San Francisco, Cal., Jules Brody, Stull, Stull & Brody, Joseph H. Weiss, Max W. Berger, Bernstein, Litowitz, Berger & Grossman, Robert S. Schachter, Zwerling, Schachter & Zwerling, New York City, Steven J. Toll, Cohen, Milstein & Hausfeld, Washington, D.C., Mark C. Gardy, Abbey & Ellis, New York City, for plaintiff.

Tower C. Snow, Shearman & Sterling, San Francisco, Cal., for defendant.

ORDER

INGRAM, District Judge.

I. INTRODUCTION

In this securities fraud class action, defendants move to dismiss the second amended consolidated class action complaint pursuant to Fed.R.Civ.P. 9(b) and 12(b)(6).

Upon consideration of all of the papers, the motion to dismiss is GRANTED IN PART AND DENIED IN PART as set forth below.

II. DISCUSSION

Rule 9(b) requires that "[i]n all averments of fraud ... the circumstances...

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