In Re Levi Strauss & Co. Securities Litigation

ORDER GRANTING IN PART AND DENYING IN PART MOTION TO DISMISS CONSOLIDATED AMENDED COMPLAINT

Defendants Levi Strauss & Co. (“Levi”), Philip Marineau, William Chiasson, Gary Grellman, Peter E. Haas, Sr., Robert Haas, Angela Glover Blackwell, Robert Friedman, James Gaither, Peter Haas, Jr., Walter Haas, F. Warren Heilman, Patricia Salas Pineda, T. Gary Rogers, G. Craig Sullivan, Tully Friedman and Peter Geor-gescu (“individual defendants”) move to dismiss plaintiffs’ consolidated amended complaint (“CAC”). Lead plaintiffs General Retirement System of the City of Detroit (“Detroit General”), the Policemen and Firemen Retirement System of the City of Detroit (“Detroit P & F”), and Metzler Investment GmbH (“Metzler”) filed claims under §§ 11, 12(a)(2) and 15 of the Securities Act of 1933 (“Securities Act”), and §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 (“Exchange Act”). The court has reviewed the moving and responding papers and considered the arguments of counsel. For the reasons set forth below, the court (1) DENIES defendants’ motion to dismiss plaintiffs’ § 11 claims as to those plaintiffs who purchased Levi registered bonds in the after market traceable to the…