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IN RE SYMBOL TECHNOLOGIES CLASS ACTION LITIGATION

No. 92-CV-3492 (JG).

950 F.Supp. 1237 (1997)

In re SYMBOL TECHNOLOGIES CLASS ACTION LITIGATION.

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

January 13, 1997.

Attorney(s) appearing for the Case

Jules Brody, Howard T. Longman, Stull, Stull & Brody, New York City, Steven G. Schulman, Joshua H. Vinik, Milberg Weiss Bershard & Lerach LLP, New York City, Joseph R. Sahid, Leslie B. Molder, Barrack, Rodos & Bacine, New York City and John Halebian, Matthew Houston, Wechsler Harwood Halebian & Feffer LLP, New York City, for Plaintiffs.

Eric Lobenfeld, Jill R. Moskowitz, Chadbourne & Parke LLP, New York City, for Defendants.

MEMORANDUM AND ORDER

GLEESON, District Judge.

Class Action.

Plaintiffs have brought this securities fraud class action on behalf of all persons who purchased the common stock of Symbol Technologies, Inc. ("Symbol"), during the period from June 8, 1992 to September 14, 1992. Defendants move for summary judgment. For the reasons set forth below, the motion is granted.

BACKGROUND

Symbol is a high technology company...

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