In Re Splash Technology Holdings, Inc.
In Re Splash Technology Holdings Inc. Securities Litigation
Opinion
Opinion
Armstrong, J.
ORDER
This matter comes before the Court on Splash Defendants’ Motion to Dismiss the Second Amended Complaint [Docket No. 126-1]. Having read and considered the papers submitted by the parties, having considered the arguments advanced by the parties, and being fully informed, the Court hereby GRANTS Defendants’ Motion to Dismiss, and ORDERS that the Second Amended Complaint shall be dismissed with prejudice.
I. BACKGROUND
A. Factual Background
Plaintiffs, all purchasers of Splash Technology Holdings, Inc. stock between January 7, 1997 and October 13, 1998 (the “Class Period”) filed this security class action against (1) Splash Technology Holdings, Inc. and its principal operating subsidiary, Splash Technology, Inc. (collectively “Splash” or “the Company”), (2) Kevin K. Macgillivray (“Macgillivray”), the President, Director, and Chairman of Splash, (3) Joan P. Platt (“Platt”), Vice President, Finance and Administration, and Chief Financial Officer of the Company during the Class Period, (4) Timothy D. Kleffman (“Kleffman”), Vice President, Business Development and Product Planning, since July 1997, and Vice President, Engineering Operations, from January 1996 to June 1997, (5)…