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VACHON v. BAYBANKS, INC.

Civ. A. No. 90-10758-T.

780 F.Supp. 79 (1991)

Chanel VACHON and Richard Green Associates, Inc. Pension Trust, Plaintiffs, v. BAYBANKS, INC., William M. Grozier, Jr., Richard F. Pollard, and William T. Sandalls, Jr., Defendants.

United States District Court, D. Massachusetts.

December 30, 1991.

Attorney(s) appearing for the Case

Thomas G. Shapiro, Shapiro, Grace & Haber, Boston, Mass., for Chanel Vachon.

Francis C. Lynch, Laurie S. Gill, Palmer & Dodge, Boston, Mass., for BayBanks, Inc., William M. Crozier, Jr., Richard F. Pollard, William T. Sandalls, Jr., John J. Arena, John A. Cervieri, Jr., Norman E. MacNeil, James R. Strehle and James R. Bassett.

Larry L. Smith, Jr., Boston, Mass., for Jerome H. Grossman.

Michael C. Donahue, Gelerman & Cashman, Dedham, Mass., for Lorraine O'Brien.

Robert A. McKenney, Rull & McKenney, South Boston, Mass., for Robert J. O'Leary.

Christopher Patrick Sullivan, Carolan, Sullivan & Greeley, Boston, Mass., for Ellen Sullivan.

MEMORANDUM

TAURO, District Judge.

Plaintiffs Chanel Vachon and Richard Green Associates, Inc. Pension Fund, purchasers of shares of defendant BayBanks, Inc. ("BayBanks"), allege that BayBanks made a number of false and misleading statements, in violation of Rule 10b-5 and § 10(b) of the Securities Exchange Act of 1934 (the "Act"), between March 8, 1988 and March 15, 1990 (the "class period"). BayBanks' officers, William M. Crozier, Jr., Richard F. Pollard...

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