SIMON v. AMERICAN POWER CONVERSION CORP.

C.A. Nos. 95-415 L, 95-416 L, 95-423 L, 95-426 L and 95-428 L.

945 F.Supp. 416 (1996)

Jeffrey SIMON, Plaintiff, v. AMERICAN POWER CONVERSION CORPORATION, Rodger B. Dowdell, Jr., Edward W. Machala, Asa S. Davis, III, Neil E. Rasmussen, and David P. Vieau, Defendants. Craig MASON, Plaintiff, v. AMERICAN POWER CONVERSION CORPORATION, Rodger B. Dowdell, Jr., Edward W. Machala, Asa S. Davis, III, Neil E. Rasmussen, and David P. Vieau, Defendants. Lynn D. LEWIS and Jeffrey S. Steinberg, Plaintiffs, v. AMERICAN POWER CONVERSION CORPORATION, Rodger B. Dowdell, Jr., Edward W. Machala, Asa S. Davis, III, Neil E. Rasmussen, and David P. Vieau, Defendants. Norma LOHNER, Delta Dental Plan of Illinois, Harold Martin, Administrator, and Raphael Eshet, Plaintiffs, v. AMERICAN POWER CONVERSION CORPORATION, Rodger B. Dowdell, Jr., Edward W. Machala, Asa S. Davis, III, Neil E. Rasmussen, and David P. Vieau, Defendants. FRIENDS OF CHABAD LUBAVITCH, INC., Plaintiff, v. AMERICAN POWER CONVERSION CORPORATION, Rodger B. Dowdell, Jr., Edward W. Machala, Asa S. Davis, III, Neil E. Rasmussen, and David P. Vieau, Defendants.

United States District Court, D. Rhode Island.

November 13, 1996.


Attorney(s) appearing for the Case

Barry J. Kusinitz, Corrente, Brill & Kusinitz, Providence, RI, David A.P. Brower, Wolf Haldenstein Adler Freeman & Herz L.L.P., New York City, for plaintiffs in C.A. Nos. 95-415, 95-416, and 95-428.

William A. Jacobson, Kaplan & Jacobson Inc., Providence, RI, Bernard M. Gross, Deborah R. Gross, Philadelphia, PA, Stuart H. Savett, Robert P. Frutkin, Barbara A. Podell, Katherine M. Ryan, Savett, Frutkin, Podell & Ryan, Philadelphia, PA, James Orman, Philadelphia, PA, for plaintiff in C.A. No. 95-423 (Lewis).

Robert J. McConnell, Ness, Motley, Loadolt, Richardson & Poole, Providence, RI, Richard Weiss, Milberg Weiss Bershad Hynes & Lerach, New York City, for plaintiff in C.A. No. 95-426 (Lohner).

Matthew F. Medeiros, Medeiros Karmen & Sanford, Inc., Providence, RI, Eric A. Deutsch, Jorda D. Hershman, Testa Hurwitz & Thibeault, Boston, MA, for defendants.


MEMORANDUM AND ORDER

LAGUEUX, Chief Judge.

This case involves securities law claims brought against American Power Conversion Corporation ("APC") and individual officers and directors of APC ("the Individual Defendants")1 in five related cases.2 Plaintiffs allege that APC committed "fraud on the market" by making a series of public statements from April to July 1995 that were either materially...

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