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Ditech Tries To Get Investors’ Suit Tossed

Law360 (June 22, 2007, 12:00 AM EDT) -- Ditech Communications Corp. has asked a California federal court to dismiss a purported securities class action brought by investors alleging that the telecommunications equipment designer concealed information about its financial health.

The Mountain View, Calif.-based company asked the U.S. District Court for the Northern District of California on Friday to toss the investors’ third amended complaint, claiming it rehashed old arguments about two “secured” voice quality assurance orders that the court had already rejected.

The purported class alleged that Ditech misrepresented that it was going to...
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