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THORNTON v. MICROGRAFX, INC.

No. 3:91-CV-2608-X.

878 F.Supp. 931 (1995)

James THORNTON and Samuel Grochow on behalf of themselves and all others similarly situated, Plaintiffs, v. MICROGRAFX, INC., J. Paul Grayson, George D. Grayson, and Stephen J. Gaal, Defendants.

United States District Court, N.D. Texas, Dallas Division.

March 10, 1995.

Attorney(s) appearing for the Case

Wilmer Dallam Masterson, III, Theodore Carl Anderson, William G. Shaw, Kilgore & Kilgore, Dallas, TX, Jeffrey H. Squire, Peter S. Linden, Kaufman Malchman Kaufman & Kirby, New York City, Erin K. Flory, Betts Patterson & Mines, Seattle, WA, Steve William Berman, Hagens & Berman, Seattle, WA, for James Thornton, Samuel Grochow.

Dennis J. Block, Richard W. Slack, Laura J. Shaw, Weil Gotshal & Manges, New York City, Ralph I. Miller, Stephen Cormac Carlin, Debra Lee Goldstein, Weil Gotshal & Manges, Nicholas Andrew Foley, Bush Craddock Huffsmith & Gilhooly, Dallas, TX, for Micrografx, Inc., J. Paul Grayson, Stephen J. Gaal.

Laura J. Shaw, Weil Gotshal & Manges, New York City, Ralph I. Miller, Stephen Cormac Carlin, Debra Lee Goldstein, Weil Gotshal & Manges, Nicholas Andrew Foley, Bush Craddock Huffsmith & Gilhooly, Dallas, TX, for George D. Grayson.

MEMORANDUM ORDER AND OPINION

KENDALL, District Judge.

Before the Court are Defendants' Amended Motion to Dismiss, filed January 13, 1992; Plaintiffs' Memorandum in Opposition, filed February 13, 1992; Defendants' Reply Brief, filed March 6, 1992; and supplemental briefing filed by Plaintiffs and Defendants on December 31, 1992. For the reasons set forth below, the Court concludes that the Plaintiffs have failed to state a claim of securities fraud...

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