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IN RE GUESS?, INC. SECURITIES LITIGATION

No. 01CV00871 LGB (RNBX).

174 F.Supp.2d 1067 (2001)

In re GUESS?, INC. SECURITIES LITIGATION This Document Relates To: All Actions

United States District Court, C.D. California.

November 28, 2001.

Attorney(s) appearing for the Case

Alan Schulman, Robert S. Gans and Wolfram Worms of Bernstein Litowitz Berger & Grossmann LLP, San Diego, CA, Douglas M. McKeige of Bernstein Litowitz Berger & Grossmann LLP, New York City, for Plaintiffs.

Seth Aronson, Sharon Tomkins, Kerry A. Lyon-Grossman of O'Melveny & Myers LLP, Los Angels, CA, for Defendants.

ORDER GRANTING DEFENDANTS' MOTION TO DISMISS FOR FAILURE TO STATE A CLAIM

BAIRD, District Judge.

I. INTRODUCTION

Guess?, Inc. ("Guess"), a maker of fashion apparel, experienced financial difficulties during the 2000 calendar year. As a result, its stock value dropped and the current securities litigation was instituted against defendants Guess, Maurice Marciano, Paul Marciano, Armand Marciano and Brian Fleming. The class action complaint alleges...

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