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IN RE GALILEO CORP. SHAREHOLDERS LITIGATION

No. C.A. 98-12129-RCL.

127 F.Supp.2d 251 (2001)

In re GALILEO CORPORATION SHAREHOLDERS LITIGATION

United States District Court, D. Massachusetts.

January 22, 2001.

Attorney(s) appearing for the Case

Michael G. Lange, Jeffrey C. Block, Berman, DeValerio & Pease, Kathryn A. McElroy, Berman, Devalerio & Pease LLP, Boston, MA, Michael J. Pucillo, Burt & Pucillo, LLP, West Palm Beach, FL, Nancy Freeman Gans, Moulton & Gans, LLP, Stephen Moulton, Moulton & Gans, Boston, MA, for Perkins Partners I Ltd., on behalf of itself and all others similarly situated, Joseph Brecher, Individually and on behalf of all others similarly situated, Jason Steagall, on behalf of himself and all others similarly situated, Marion Dwyer, on behalf of herself and all others similarly situated, Plaintiffs.

Michael T. Gass, Peter S. Terris, Palmer & Dodge, John E. Tener, Robinson & Cole, Boston, MA, James R. Hawkins, II, Finn Dixon & Herling LLP, Stamford, CT, for Gregory Riedel, Galileo Corporation, William T. Hanley, Defendants.

Glen DeValerio, Michael G. Lange, Berman, DeValerio & Pease, Boston, MA, for Glen Katz, Michael Sclafani, Chin Luu, Ted Walker, Plaintiffs.

MEMORANDUM AND ORDER ON DEFENDANTS' MOTIONS TO DISMISS

LINDSAY, District Judge.

I. Introduction

This is a consolidated securities fraud action, in which the plaintiffs allege a plaintiffs' class consisting of all persons who purchased common stock of the defendant, Galileo Corporation ("Galileo"), during the period from January 28, 1998 through July 23, 1998 (the "class period"). The defendants are Galileo; William T. Hanley ("Hanley"),...

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