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BEARY v. ING LIFE INS. AND ANNUITY CO.

No. 3:07CV35MRK.

520 F.Supp.2d 356 (2007)

Kevin BEARY, Sheriff of Orange County, Florida, in his official capacity individually, and on behalf of all others similarly situated, Plaintiff, v. ING LIFE INSURANCE AND ANNUITY COMPANY and Ing Financial Advisers, LLC, Defendants.

United States District Court, D. Connecticut.

November 5, 2007.

Attorney(s) appearing for the Case

Allen C. Engerman, Law Offices of Allen C. Engerman, PA, Boca Raton, FL, Edward A.H. Siedle, Ocean Ridge, FL, James F. Sullivan, Howard, Kohn, Sprague & Fitzgerald, Hartford, CT, Jeffrey C. Engerman, Law Offices Of Jeffrey C. Engerman, Los Angeles, CA, Roger L. Mandel, Stanley, Mandel & Iola, Dallas, TX, for Plaintiff.

Brett B. Williams, Landon K. Clayman, Markham R. Leventhal, Jorden Burt LLP, Miami, FL, James F. Jorden, Jorden Burt, Washington, DC, James M. Sconzo, Michael G. Petrie, Jorden Burt, Simsbury, CT, for Defendants.

MEMORANDUM OF DECISION

MARK R. KRAVITZ, District Judge.

In response to perceived abuses of, the federal class-action system in the securities law area, Congress in 1995 passed the Private Securities Litigation Reform Act ("PSLRA"), Pub.L. 104-67. The PSLRA imposed procedural requirements on securities class actions, see 15 U.S.C. § 78u-4, and also raised the pleading standards plaintiffs must satisfy in order to bring certain kinds of...

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