Backe

ORDER DENYING RENEWED MOTION TO DISMISS CONSOLIDATED COMPLAINT

On January 9, 2009, lead Plaintiff Pension Fund Group filed a consolidated securities class action complaint (“Compl.”) against Defendants Novatel Wireless, Inc. (“Novatel”), Peter V. Leparulo, George B. Weinert, Robert M. Hadley, Slim S. Souissi, and Catherine F. Ratcliffe (collectively, “Defendants”). (Doc. No. 23.) Before the Court is Defendants’ renewed motion to dismiss the consolidated class action complaint. The Court denied Defendants’ first motion to dismiss Plaintiffs consolidated complaint. (Doc. No. 45.) Defendants filed a motion for reconsideration of the Court’s Order. (Doc. No. 53.) The Court granted Defendants’ motion in light of the recent Supreme Court decision in Ashcroft v. Iqbal, — U.S.-, 129 S.Ct. 1937 , 173 L.Ed.2d 868 (2009), vacated its previous Order, and allowed Defendants to file a renewed motion to dismiss the consolidated complaint. (Doc. No. 70.) Defendants filed their renewed motion to dismiss and a request for judicial notice on June 26, 2009. (Doc. Nos. 77-80.) Plaintiff filed a response in opposition and a request for judicial notice on July 10, 2009. (Doc. Nos. 82-84.) Defendants…