Summary
reviewing the debate regarding Sarbane-Oxley's effect on the limitations period in securities cases and concluding that it does not revive time-barred causes of action
Summary of this case from Swack v. Credit Suisse First BostonOpinion
Civ. No. 03-1194 (JNE/JGL).
May 17, 2004
Seth Ottensoser, New York City, Carolyn Anderson, Minneapolis, MN, and Peter Binkow, Esqs. Los Angeles, CA, of Plaintiffs.
Peter Carter, John Rock, and Mitchell Greanberg, Esqs. Minneapolis, MN, of Defendants.
ORDER
This case is before the Court on a Report and Recommendation issued by the Honorable Jonathan G. Lebedoff, Chief United States Magistrate Judge, on April 13, 2004. The Magistrate Judge recommended that Defendants' Motion to Dismiss the Consolidated, Amended Complaint be granted. The Court has received Plaintiffs' objections to the Report and Recommendation and Defendants' response to those objections. Based on a de novo review of the record, the Court adopts the Report and Recommendation. Therefore, IT IS ORDERED THAT:
1. Defendants' Motion to Dismiss the Consolidated, Amended Complaint [Docket No. 50] is GRANTED.
LET JUDGMENT BE ENTERED ACCORDINGLY.