Yanek

Yanek v. Staar Surgical Co.

Good Law

388 F. Supp. 2d 1110·2005 WL 2304156·2005 U.S. Dist. LEXIS 37005

United States District Court, Central District of CaliforniaSeptember 19, 2005CV 04-8007 SJO(CWX), CV 04-8263 SJO(CWX), CV 04-8613 SJO(CWX)California9,042 words

Opinion

Otero, J.

ORDER DENYING DEFENDANTS’ MOTION TO DISMISS

This matter is before the Court on Defendants STAAR Surgical Company (“STAAR” or “the Company”) and David Bailey’s Motion to Dismiss Plaintiffs’ (Yanek, et.al.) Consolidated Complaint pursuant to the Private Securities Litigation Reform Act of 1995 (“PSLRA”) and Rules 12(b)(6) and 9(b) of the Federal Rules of Civil Procedure. The Court deemed this matter appropriate for decision without oral argument. See Fed.R.Civ.P. 78. Accordingly, the Court took the hearing off calendar. Having carefully considered all argument and admissible documentation submitted, Defendants’ Motion to Dismiss is DENIED.

I. FACTUAL BACKGROUND

Defendant STAAR Surgical Company develops, manufactures, and distributes products used by ophthalmologists and other eye care professionals to improve or correct vision in patients with cataracts, refractive conditions and glaucoma. Consolidated Class Action Complaint (hereinafter “CC”) ¶ 24; STAAR Form 10-K filed Apr. 3, 2003, Defs. STAAR and David Bailey’s Req. for Judicial Notice in Supp. of Mot. to Dismiss (“RJN”) Ex. 2 at 19. STAAR’s products include foldable silicone and Collamer Intraocular Lenses (“IOL”), used…

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