Granting defendant executives’ motion to dismiss plaintiffs’ class action securities fraud claims, a federal district court held that plaintiffs failed to allege with the requisite particularity that defendants knowingly made any materially false statements. The crux of plaintiffs’ complaint was that the now-bankrupt company’s top executives misled investors in their public statements about the prospects of the company’s return to financial health. Relying on the recent Supreme Court decision in Tellabs, Inc. v. Makor Issues & Rights, Ltd., 127 S.Ct. 2499, 2509 (June 21, 2007), the Court found, among other things, that vague allegations that the executives were present at meetings in where they were advised that certain “numbers forecasts” failed to meet projected results were insufficient to raise a sufficiently strong inference that defendants acted recklessly or with the intent to defraud investors. (In re Winn-Dixie Stores, Inc. Securities Litigation, 2007 WL 4287545 (M.D.Fla. Dec. 4, 2007))