Wilkes v. Versant Object Technology Corp.

U.S. Court of Appeals for the Ninth Circuit January 23, 2003

Wilkes v. Versant Object Technology Corp., 56 F. App'x 322 (9th Cir. 2003)

Opinion of the Court

ORDER *

The plaintiffs appeal the district court’s dismissal with prejudice for failure to state a claim of their securities fraud action against Versant Object Technology, Inc., and certain of its controlling persons. The plaintiffs challenge the court’s ruling that the Third Amended Consolidated Complaint did not plead with particularity facts which create a strong inference that the defendants acted with deliberate recklessness as required under the Private Securities Litigation Reform Act of 1995. We AFFIRM the district court’s decision for the reasons stated in its order entered December 4, 2001.

AFFIRMED.

This order is not appropriate for publication and may not be cited to or by the courts of this circuit except as provided by Ninth Circuit Rule 36-3.

Reference

Full Case Name: Steven WILKES Richard Geffen Tammy Newman Louis Luu William Arnouville, Plaintiffs—Appellants v. VERSANT OBJECT TECHNOLOGY CORPORATION David Banks James R. Lochry Lawrence Pulkownik George Franzen Ronald Kopeck Gary Rhea, Defendants—Appellees
Status: Published