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IN RE CREDIT ACCEPTANCE CORP. SEC. LITIGATION

No. 98-70417.

50 F.Supp.2d 662 (1999)

In re CREDIT ACCEPTANCE CORPORATION SECURITIES LITIGATION.

United States District Court, E.D. Michigan, Southern Division.

April 23, 1999.

Attorney(s) appearing for the Case

Gerald Mantese, Troy, Starley Bernstein, NY, for Plaintiffs.

Andrew McGinness, Ann Arbor, Timothy Nelson, Chicago, IL, for Defendants.

OPINION & ORDER STRIKING AFFIDAVIT AND GRANTING DEFENDANTS' MOTION TO DISMISS

EDMUNDS, District Judge.

This matter comes before the Court on Defendants' motion to dismiss and Defendants' motion to strike the affidavit of Michele M. Stanton. As discussed below, the Complaint is insufficient to state a claim for securities fraud under the heightened pleading standard applicable in this area of law because it fails to adequately allege scienter. Therefore...

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