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  5. 903 F.Supp. 173 (1995)
 

WILENSKY v. DIGITAL EQUIP. CORP.

Civ. A. Nos. 94-10752-JLT, 94-10759-JLT, 94-10940-JLT.

903 F.Supp. 173 (1995)

Leonard WILENSKY, et al., Plaintiffs, v. DIGITAL EQUIPMENT CORPORATION, et al., Defendants. Merry Lou SHAW, et al., Plaintiffs, v. DIGITAL EQUIPMENT CORPORATION, et al., Defendants. Charles E. LONERGAN, Jr., et al., Plaintiffs, v. DIGITAL EQUIPMENT CORPORATION, et al., Defendants.

United States District Court, D. Massachusetts.

August 8, 1995.

Attorney(s) appearing for the Case

Philip M. Giordano, Giordano & Champa, P.A., Boston, MA, Ray Siderius, Siderious & Lonergan, Seattle, WA, for plaintiffs in No. 94-CV-10940.

Edmund C. Case, Jordan D. Hershman, Testa, Hurwitz & Thibeault, Randall W. Bodner, John D. Donovan, Jr., William L. Patton, Daniel J. Klau, Ropes & Gray, Boston, MA, for defendants in No. 94CV10940, 94CV10759.

Glen DeValerio, Berman, DeValerio & Pease, Boston, MA, David Bershad, Steven Schulman, Jeffrey S. Abraham, Milberg, Weiss, Bershad Specthrie & Lerarch, New York City, Richard Schiffrin, Schiffrin & Craig, Bala Cynwyd, PA, for plaintiff in No. 94CV10759.

Edward F. Haber, Shapiro, Grace & Haber, Glen DeValerio, Berman, DeValerio & Pease, Boston, MA, for plaintiffs in No. 94CV10752.

Gerald F. Rath, Robert A. Buhlman, Bingham, Dana & Gould, Boston, MA, for defendants in No. 94CV10752.

MEMORANDUM

TAURO, Chief Judge.

On March 21, 1994, the Digital Equipment Corporation ("Digital") began a public offering of 16 million shares of Series A, Eight and 7/8 % Cumulative Preferred Stock. This offering allowed Digital to raise $400 million of much-needed capital.

Three weeks later, Digital issued quarterly data that revealed huge losses. Digital's stock suffered considerably, and dozens of lawsuits followed. These were eventually consolidated...

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