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ZUCKER v. SASAKI

No. 95 Civ. 10517 (SWK).

963 F.Supp. 301 (1997)

Veronica ZUCKER, on Behalf of Herself and All Others Similarly Situated, Plaintiff, v. Chikara SASAKI, Bernard M. Manuel, Irving Benson, Colin C. Fenn, Trevor J. Wright, Roy E. Green, Gary C. Smith, Susan P. Johnson, Paul D. Baiocchi, James G. Groninger, Paul Jacobs, Stuart B. Katz, Cygne Designs, Inc. PaineWebber Inc., PaineWebber International (U.K.) Ltd., Furman Selz Inc., Smith Barney Inc., David Frankel, Barry Rothberg, Faye Landes and Ernst & Young, L.L.P., Defendants.

United States District Court, S.D. New York.

May 6, 1997.

Attorney(s) appearing for the Case

Milberg, Weiss, Bershad, Hynes & Lerach, L.L.P. by Keith M. Fleischman, New York City, Milberg, Weiss, Bershad, Hynes & Lerach, L.L.P. by William S. Lerach, San Diego, CA, Stull, Stull & Brody by Jules Brody, New York City, Weiss & Yourman by Joseph H. Weiss, New York City, Savett, Frutkin, Podell & Ryan by Stuart H. Savett, Philadelphia, PA, for Plaintiffs.

Mayer, Brown & Platt by Marc Gary, John J. Sullivan, Gary A. Orseck, Washington, DC, for Ernst & Young.

Wilmer, Cutler & Pickering by Charles E. Davidow, Joseph K. Brenner, Melinda Hardy, Jonathan E. Meyer, Washington, DC, for PaineWebber Inc., PaineWebber International (U.K.) Ltd., Furman Selz Inc., Smith Barney Inc., David Frankel, Barry Rothberg, and Faye Landes.

Wilson, Sonsini, Goodrich & Rosati Professional Corporation by Boris Feldman, Palo Alto, CA, Herrick, Feinstein, PC by Christopher J. Sullivan, New York City, for Cygne Designs, Inc., Chikara Sasaki, Bernard M. Manuel, Irving Benson, Colin C. Fenn, Trevor J. Wright, Roy E. Green, Gary C. Smith, Susan P. Johnson, Paul D. Baiocchi, James G. Groninger, Paul Jacobs, Stuart B. Katz.

MEMORANDUM OPINION AND ORDER

KRAM, District Judge.

In this class action asserting securities fraud, defendant Ernst & Young, L.L.P. ("Ernst & Young") moves to dismiss the amended complaint of plaintiff Veronica Zucker ("Zucker"), pursuant to Federal Rules of Civil Procedure 9(b) and 12(b)(6). For the reasons set forth below, Ernst & Young's motion is granted.1

BACKGROUND2<...

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