On February 3, 2004, Judge Taylor of the United States District Court for the E.D. of Michigan, Southern Division, denied defendants' motion to dismiss in In re Compuware Securities Litigation (No. 02-73793). The case has been added to SLW's informal Settlement Watch list.

Judge Taylor was effusive in denying the motion to dismiss, stating that

it is hard to imagine a complaint that could better withstand a motion to dismiss. The court finds that Plaintiffs have submitted a well-crafted, well-pled complaint, stating sufficient facts to create a plausible inference that Defendants knowingly misstated or omitted material information. Therefore, Defendants' Motion to dismiss must fail.

A copy of the Consolidated Complaint filed by lead counsel Cohen, Milstein, Hausfeld & Toll, P.L.L.C. is available here.