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IN RE DIGI INTERN., INC. SECURITIES LITIGATION

Civil Master File No. 97-5(JRT/RLE).

6 F.Supp.2d 1089 (1998)

In re DIGI INTERNATIONAL, INC. SECURITIES LITIGATION.

United States District Court, D. Minnesota.

May 22, 1998.

Attorney(s) appearing for the Case

Richard A. Lockridge, Gregg M. Fishbein, and Karen M. Hanson, Lockridge, Grindal, Nauen & Holstein, Minneapolis, MN, Lee Squitieri and James S. Notis Abbey, Gardy & Squitieri, New York, NY, Robert M. Kornreich and Lawrence D. Levi, Wolf Popper, New York, NY as lead counsel for plaintiffs.

John A. Hapern, Harold B. Koritz, John A. Halpern & Associates, Minneapolis, MN, I. Walton Bader, Benedict Bader, Bader & Bader, White Plains, NY, for Louisiana State Employees Retirement System plaintiffs.

Wendy J. Wildung, Jeffrey D. Hedlund, Ahna M. Thoresen, Faegre & Benson, Minneapolis, MN, for defendants.

MEMORANDUM OPINION AND ORDER

TUNHEIM, District Judge.

This action involves allegations of securities fraud. In a consolidated amended complaint, a putative class of persons who purchased Defendant Digi International, Inc.'s ("Digi") stock between January 25, 1996 and December 23, 1996 ("class plaintiffs") allege securities fraud under Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), and Rule 10b-5 promulgated thereunder, 17...

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