Stanford University Law School - Securities Class Action Clearinghouse

 

BORIS FELDMAN, State Bar # 128838
JARED L. KOPEL, State Bar # 126817
GIDON M. CAINE, State Bar # 188110
CHERYL W. FOUNG, State Bar # 108868
WILSON SONSINI GOODRICH & ROSATI
Professional Corporation
650 Page Mill Road
Palo Alto, California 94304-1050
Telephone: (650) 493-9300

Attorneys for Defendants
READ-RITE CORPORATION, CYRIL J. YANSOUNI,
FRED SCHWETTMANN, LORI HOLLAND,
PETER G. BISCHOFF, H. VAUGHAN BLAXTER, III,
REX S. JACKSON, MICHAEL A. KLYSZEIKO, and
SHERRY F. McVICAR

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN JOSE DIVISION

IN RE READ-RITE CORP. SECURITIES
LITIGATION
____________________________________



This Document Relates To:

ALL ACTIONS



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Master File No.: C-98-20434-JF

CLASS ACTION

DEFENDANTS' STATEMENT OF
RECENT DECISION IN SUPPORT
OF MOTION TO DISMISS FIRST
AMENDED COMPLAINT

DATE: Submitted October 28, 1999
TIME:
COURT: The Honorable Jeremy
        Fogel

Pursuant to the Local Rule 7-3(e), defendants Read-Rite Corporation, Cyril J. Yansouni, Fred Schwettmann, Lori Holland, Peter G. Bischoff, H. Vaughan Blaxter, III, Rex S. Jackson, Michael A. Klyszeiko, and Sherry F. McVicar (collectively "Defendants") submit this statement of recent decision in support of their motion to dismiss the First Amended Complaint with prejudice.

On October 27, 1999, the United States Court of Appeals for the Ninth Circuit denied the petition for rehearing in In re Silicon Graphics, Inc. Securities Litigation. See In re Silicon Graphics Inc. Sec. Litig., No. 97-16204, Order (9th Cir. Oct. 27, 1999). A copy of the Order is attached hereto as Exhibit A. On July 12, 1999, Defendants submitted a copy of the Silicon Graphics opinion to this Court, and as modified, the Ninth Circuit's opinion is reported at 183 F.3d 970. In their July 12 submission, Defendants explained that Silicon Graphics decides many open issues of law under the Private Securities Litigation Reform Act of 1995 and is the law of this Circuit. Defendants respectfully submit the Ninth Circuit's Silicon Graphics decision to this Court for its consideration.

Dated: __________ ___, 1999

Respectfully submitted,

WILSON SONSINI GOODRICH & ROSATI
Professional Corporation

By: _______________________________
Jared L. Kopel
Attorneys for Defendants
READ-RITE CORPORATION, CYRIL J.
YANSOUNI, FRED SCHWETTMANN,
LORI HOLLAND, PETER G. BISCHOFF,
H. VAUGHAN BLAXTER, III, REX S.
JACKSON, MICHAEL A. KLYSZEIKO,
And SHERRY F. McVICAR


CERTIFICATE OF SERVICE

I, Christina Capurro Sand, declare:

I am employed in Santa Clara County, State of California. I am over the age of 18 years and not a party to the within action. My business address is Wilson Sonsini Goodrich & Rosati, 650 Page Mill Road, Palo Alto, California 94304-1050.

On the date set forth below, I served the following document: DEFENDANTS' STATEMENT OF RECENT DECISION IN SUPPORT OF MOTION TO DISMISS FIRST AMENDED COMPLAINT

X By consigning the document to a facsimile operator for transmittal on this date to the following person:

Jeffrey W. Lawrence, Esq.
Milberg Weiss Bershad Hynes & Lerach LLP
100 Pine Street, Suite 2600
San Francisco, CA 94111
Tel: (415) 288-4545
Fax: (415) 288-4534

X By placing the document in a sealed envelope for collection and mailing with the United States Postal Service on this date to the following persons:

William S. Lerach, Esq.
Milberg Weiss Bershad Hynes & Lerach LLP
600 West Broadway
1800 One America Plaza
San Diego, CA 92101-5050

Richard S. Schiffrin, Esq.
Schiffrin & Craig, Ltd.
Three Bala Plaza East, Suite 400
Bala Cynwyd, PA 19004

Sandy Liebhard, Esq.
Bernstein, Liebhard & Lifshitz
274 Madison Avenue
New York, NY 10016

John P. McCarthy, Esq.
Law Offices of John P. McCarthy
768 North Bethlehem Pike, Suite 200
Lower Gwynedd, PA 19002

Robert M. Roseman, Esq.
Spector & Roseman, P.C.
1818 Market Street, Suite 2500
Philadelphia, PA 19103

Norman Blumenthal, Esq.
Blumenthal, Ostroff & Markham
1420 Kettner Blvd., 7th Floor
San Diego, CA 92101-2431

Sherrie R. Savett, Esq.
Berger & Montague, P.C.
1622 Locust Street
Philadelphia, PA 19103

Solomon B. Cera, Esq.
Gold Bennett & Cera LLP
595 Market Street, Suite 2300
San Francisco, CA 94105-2835

Jeffrey W. Lawrence, Esq.
Milberg Weiss Bershad Hynes & Lerach LLP
100 Pine Street, Suite 2600
San Francisco, CA 94111

X By forwarding the document by electronic transmission on this date, in compliance with Civil L.R. 23-2, to the Designated Internet Site listed below:

epost@securities.stanford.edu
Stanford Class Action Clearing House
Stanford Law School

I am readily familiar with Wilson, Sonsini, Goodrich & Rosati's practice for collection and processing of correspondence for delivery according to instructions indicated above. In the ordinary course of business, correspondence would be handled accordingly.

I declare under penalty of perjury that the foregoing is true and correct to the best of my knowledge. Executed at Palo Alto, California, on November 1, 1999.

_______________________________
Christina Capurro Sand

 

Source: File to epost from Wilson Sonsini Goodrich & Rosati