In Re the Vantive Corporation Securities Litigation. Glenn R. Fischer Brian Fischer Joshua Rizack, on Behalf of Themselves and All Others Similarly Situated v. The Vantive Corporation John R. Luongo John M. Jack Kathleen A. Murphy Christopher W. Lochhead Roger J. Sippl David J. Jodoin Michael J. Loo

283 F.3d 1079 In re The VANTIVE CORPORATION SECURITIES LITIGATION. Glenn R. Fischer; Brian Fischer; Joshua Rizack, on behalf of themselves and all others similarly situated, Plaintiffs-Appellants, v. The Vantive Corporation; John R. Luongo; John M. Jack; Kathleen A. Murphy; Christopher W. Lochhead; Roger J. Sippl; David J. Jodoin; Michael J. Loo, Defendants-Appellees. No. 00-16136. United States Court of Appeals, Ninth Circuit. Argued and Submitted July 11, 2001. Filed March 15, 2002. COPYRIGHT MATERIAL OMITTED COPYRIGHT MATERIAL OMITTED COPYRIGHT MATERIAL OMITTED William S. Lerach and Eric A. Isaacson, Milberg, Weiss, Bershad, Hynes & Lerach, LLP, San Diego, CA, for the plaintiffs-appellants. Shirli Fabbri Weiss, Gray, Cary, Ware & Freidenrich, LLP, San Diego, CA, for the defendants-appellees. Appeal from the United States District Court for the Northern District of California, William H. Orrick, Jr., District Judge, Presiding. Before: CANBY, HAWKINS and GOULD, Circuit Judges. OPINION CANBY, Circuit Judge. 1 The issue before us is whether the complaint in this securities fraud class action states a claim under the heightened pleading requirements of the Private Securities…