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GELFER v. PEGASYSTEMS, INC.

No. CV 98-12527-JLT.

96 F.Supp.2d 10 (2000)

Roman GELFER, et al., Plaintiffs, v. PEGASYSTEMS, INC., Alan Trefler, and Ira Vishner, Defendants.

United States District Court, D. Massachusetts.

January 27, 2000.

Attorney(s) appearing for the Case

Jeffrey C. Blcok, Berman, DeValerio & Pease, Boston, MA, for Roman Gelfer.

Peter A. Pease, Berman, DeValerio & Pease, Boston, MA, Stanley M. Grossman, Murielle J. Steven, Pomerantz, Levy, Hauder, Block & Grossman, New York, NY, Michael T. Matraia, Berman, DeValerio & Pease, Boston, MA, for Scott Clawson, Linda Clawson, Mark Holman, David Joswick, Mark Sotir.

Mary J. Johnson, Jeffrey B. Rudman, Lisa M. Cameron, Hale & Dorr, Boston, MA, Mary Jo Johnson, Hale and Dorr, Boston, MA, for Pegasystems, Inc., Alan Trefler.

Steven W. Hansen, Bingham, Dana & Gould, Boston, MA, Colleen A. Manning, Bingham Dana, Boston, MA, for Ira Vishner.

MEMORANDUM

TAURO, District Judge.

At issue is Defendants' Motion to Dismiss this claim for securities fraud. For the reasons discussed below, the motion is DENIED.

I. Background:

Plaintiff Roman Gelfer brings this action individually, and on behalf of a class of individuals, against Defendants Pegasystems, Inc., Alan Trefler, and Ira Vishner alleging securities fraud under Sections 10(b) and 20(a) of the Securities...

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