Purchasers of securities brought a federal securities law class action against Ferro Corporation and two of its officers alleging, among other things, that defendants encouraged their employees to manipulate financial results in order to meet market expectations. In dismissing plaintiff’s second amended complaint with prejudice, the Court noted that it failed to meet the heightened pleading standards applicable to actions under the PSLRA. References to so-called silence agreements with former employees, a claimed culture of fear, and information provided by confidential witnesses were too vague and lacking in factual particularity to support allegations that any statements issued by defendants were knowingly false or misleading when made. (In re Ferro Corp. Sec. Litig. 2007 WL 1691358 (N.D. Ohio June 11, 2007))