Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_05-cv-02394/USCOURTS-cand-3_05-cv-02394-5/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:78m(a) Securities Exchange Act

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For the Northern District of California

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States District C

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For the Northern District of California

IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

IN RE MAGMA DESIGN AUTOMATION,

INC. SECURITIES LITIGATION

No. C 05-02394 CRB

ORDER

Now pending before the Court is defendant’s motion to dismiss on the grounds that

plaintiffs fail to satisfy the pleading standards of the Private Securities Litigation Reform Act

of 1995 (“PSLRA”). Plaintiffs’ Opposition identifies several areas of material importance

that could benefit from amending the Complaint. Accordingly, and in the interest of

efficiency, the Court hereby vacates the hearing on defendant’s motion to dismiss set for

June 23, 2006, and grants plaintiffs leave to file an amended complaint so that all relevant

and particular allegations can be presented to the Court at once. The amended complaint

shall be filed no later than June 30, 2006. Defendant shall file its motion to dismiss on or

before July 14, 2006. The Court will hear oral argument on August 18, 2006, in accordance

with the local rules. 

IT IS SO ORDERED.

Dated: June 19, 2006

 

CHARLES R. BREYER

UNITED STATES DISTRICT JUDGE

Case 3:05-cv-02394-CRB Document 61 Filed 06/19/06 Page 1 of 2
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Case 3:05-cv-02394-CRB Document 61 Filed 06/19/06 Page 2 of 2