Hockey

ORDER

Plaintiffs bring this shareholder class action against Alliance Semiconductor Corporation and various individual officers and directors (collectively “Alliance”). The complaint contains a single claim of securities fraud under section 10(b) of the Exchange Act of 1934, 15 U.S.C. § 78j(b), and accompanying Rule 1 Ob-5, and controlling persons allegations under section 20 of that Act, 15 U.S.C. § 78t(a). The class period runs from July 11, 1995 to December 29, 1995.. The court has jurisdiction over this action pursuant to § 27 of the Exchange Act, 15 U.S.C. § 78aa and 28 U.S.C. § 1331 .

Per an order dated April 15, 1997, this court dismissed plaintiffs’ complaint without prejudice. The court ordered that, should plaintiffs choose' to file an amended complaint, they were required to: 1) specify which statements were allegedly false and which were allegedly misleading due to omissions; 2) clarify which allegedly false and misleading statements were forward-looking and which were not; 3) clearly state the bases for each of their allegations; 4) if they wish to keep C.N. Reddy Investments, Inc. and N.D.R. Investments, Inc as defendants in the action, set forth the grounds for…