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IN RE GLENAYRE TECHNOLOGIES, INC. SECURITIES LIT.

Nos. 96 CIV. 8252(HB), 96 CIV. 9274(HB) and 97 CIV. 1163(HB).

982 F.Supp. 294 (1997)

In re GLENAYRE TECHNOLOGIES, INC. SECURITIES LITIGATION.

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

November 4, 1997.

Attorney(s) appearing for the Case

Arthur N. Abbey, Stephen Fearon, Jr., Abbey, Gardey & Squitieri, Stanley Bernstien, Mel Lifshitz, Bernstein Lieghard & Lifshitz, New York, NY, for Plaintiffs.

Gerald Walpin, Rosenman & Colin, New York, NY, Andrew B. Weissman, Arnon Siegel, Wilmer, Cutler & Pickering, Janet Broeckel, Dechert, Price & Rhoads, Washington, DC, George C. Covington, Kennedy Covington Lobdell & Hickman, Charlotte, NC, for Defendants.

OPINION AND ORDER

BAER, District Judge.

Defendants move to dismiss these consolidated class action securities cases. Defendants also move to transfer venue to the Western District of North Carolina. For the reasons discussed below, the motions to dismiss are GRANTED, with leave to replead. The motion to transfer is DENIED.

BACKGROUND

Plaintiffs allege that defendants violated the securities laws by (1) misrepresenting the "firmness...

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