MEMORANDUM
NICKERSON, District Judge.
Before the Court is Defendants' Motion to Dismiss. Paper No. 11. The motion has been fully briefed and is ripe for decision. Upon review of the pleadings and applicable case law, the Court determines that no hearing is necessary (Local Rule 105.6) and that the motion will be granted.
I. BACKGROUND
This is a class action securities fraud lawsuit brought against Humphrey Hospitality Trust...
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