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IN RE CHAMPION ENTERPRISES, INC., SECURITIES LIT.

Nos. 99-74231, 99-75162, 99-76206.

144 F.Supp.2d 848 (2001)

In re CHAMPION ENTERPRISES, INC., SECURITIES LITIGATION Joel Miller, Gary Kissiah, Simche Margulies, individually and on behalf of all others similarly situated, Plaintiffs, v. Champion Enterprises, Inc., a Michigan corporation; and Walter Young, Defendants.

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

April 9, 2001.

Attorney(s) appearing for the Case

E. Powell Miller, Mantesa, Miller and Mantesa, Troy, MI, Richard Acocelli, Weiss & Yourman, New York, NY, Stephen Wasinger, Wasinger, Kickham and Kohls, Royal Oak, MI, Aaron Brody, Julie Brody, Paul T. Curley, Stull, Stull & Brody, New York, NY, Lionel Z. Glancy, Peter A. Binkow, Law Offices of Lionel Z. Glancy, Los Angeles, CA, Leo W. Desmond, Palm Beach, CA, Brian P. Murray, Rabin & Peckel, New York, NY, for Plaintiff.

Andrew J. McGuinness, Dykema Gossett, Ann Arbor, MI, Timothy Nelson, Donna McDevitt, Skadden, Arps, Slate, Meagher & Flom, Chicago, IL, for Defendant.

OPINION

FEIKENS, District Judge.

I. INTRODUCTION

The plaintiffs bring this action, over which I have jurisdiction, against Champion Enterprises, Inc. and Chief Executive Officer (CEO) Walter Young under sections 10(b) and 20(a) of the Securities and Exchange Act of 1934 and Rule 10b-5, promulgated by the Securities Exchange Commission (SEC). Defendants move to dismiss plaintiffs' consolidated amended purported class action complaint basing...

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