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KIRBY v. CULLINET SOFTWARE, INC.

Civ. A. No. 85-3204-WF.

721 F.Supp. 1444 (1989)

Roger W. KIRBY, et al., Plaintiffs, v. CULLINET SOFTWARE, INC., and Robert W. Goldman, Defendants.

United States District Court, D. Massachusetts.

August 18, 1989.

Attorney(s) appearing for the Case

Glen DeValerio, Meg Dobies, Berman, DeValerio & Pease, Boston, Mass., Pomerantz Levy Haudek Block & Grossman, Steven Hoffman, Stanley M. Grossman, Marc I. Gross, New York City, Samuel D. Heins, Tanik & Heins, Minneapolis, Minn., Samuel Sporn, Schoengold & Sporn, New York City, Herbert Milstein, Cohen, Milstein & Hausfeld, Washington, D.C., Deborah R. Gross, Gross, Sklar & Metzger, Philadelphia, Pa., for plaintiffs.

Robert S. Frank, Jr., Mitchell H. Kaplan, Laurence D. Pierce, Choate, Hall & Stewart, Boston, Mass., for Cullinet Software, Inc.

George F. Hritz, Davis Markel & Edwards, New York City, for defendants.

MEMORANDUM AND ORDER

WOLF, District Judge.

In this case, plaintiffs allege that during the period of May 30, 1985 to August 5, 1985, Cullinet Software, Inc. ("Cullinet") and its president, Robert M. Goldman, engaged in a common course of conduct designed to inflate the market price of Cullinet stock in violation of Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. 78j(b) and Rule 10b-5, 17 C.F.R. 240.10b-5. Plaintiffs' claims are based on public...

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