Gompper v. Visx

298 F.3d 893 John W. GOMPPER, Jr., Plaintiff, and Esther Sefaradi; John Stewart Morton; Richard Demmitt; Herbert Johnson, Plaintiffs-appellants, v. VISX, INC.; Mark B. Logan; Elizabeth H. Davila; James W. McCollum; David M. Patino; Timothy R. Maier; Kina Lamblin, Defendants-Appellees. No. 01-15450. United States Court of Appeals, Ninth Circuit. Argued and Submitted March 13, 2002. Filed August 5, 2002. Sanford Svetcov, Esq., San Francisco, CA, for the appellants. Boris Feldman, Esq., Palo Alto, CA, for the appellees. Appeal from the United States District Court for the Northern District of California; Charles R. Breyer, District Judge, Presiding. Before BRUNETTI, LEAVY and T.G. NELSON, Circuit Judges. OPINION BRUNETTI, 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 Litigation Reform Act of 1995 ("PSLRA"), 15 U.S.C. § 78u-4(b)(1), (2). The district court held that it did not, and dismissed the complaint without leave to amend. The plaintiffs appeal, and we affirm. I. BACKGROUND 2 This action is brought under §§ 10(b), 20(a) and 20A…