Atlas
Atlas v. Accredited Home Lenders Holding Co.
Opinion
Opinion
Huff, J.
ORDER
(1) DENYING ACCREDITED’S MOTION TO DISMISS; (2) GRANTING IN PART WITH LEAVE TO AMEND ACCREDITED MORTGAGE LOAN REIT TRUST’S AND THE INDIVIDUAL DEFENDANTS’ MOTIONS TO DISMISS; AND (3) DENYING PLAINTIFF’S MOTION TO STRIKE
On August 24, 2007, lead plaintiff Arkansas Teacher Retirement System (“Plaintiff’ or “ATRS”) filed a corrected consolidated class action complaint alleging violations of the federal securities laws. (Doc. No. 54.) On November 2, 2007, defendants Accredited Home Lenders Holding Co. and Accredited Mortgage Loan REIT Trust (“corporate defendants”) filed a motion to dismiss Plaintiffs complaint. (Doc. No. 71.) Also on November 2, 2007, defendants James H. Berglund, John S. Buchanan, Jeffrey W. Crawford, Gary M. Erickson, Bowers W. Espy, Jody A Gunderson, James A. Kon-rath, Joseph J. Lydon, Stuart D. Marvin and Richard T. Pratt (“individual defendants” or, where appropriate, “director defendants” (collectively with the corporate defendants, “Defendants”)) filed a motion to dismiss Plaintiffs complaint. (Doc. No. 72.) On December 14, 2007, pursuant to a special briefing schedule, see Doc. No. 78, Plaintiff filed a single response in opposition to defendants’…