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DEMARCO v. LEHMAN BROTHERS, INC.

Nos. 03 Civ. 3470(JSR), 03 Civ. 3705(JSR), 03 Civ. 4511(JSR).

309 F.Supp.2d 631 (2004)

Anthony DEMARCO, Plaintiff, v. LEHMAN BROTHERS INC. and Michael E. Stanek, Defendants. Stanley Sved, Plaintiff, v. Lehman Brothers Inc. and Michael E. Stanek, Defendants. Frances Gravino, Plaintiff, v. Lehman Brothers Inc. and Michael E. Stanek, Defendants.

United States District Court, S.D. New York.

March 29, 2004.

Attorney(s) appearing for the Case

Eric J. Belfi, Rabin, Murray & Frank LLP, New York, NY, for Plaintiff.

MEMORANDUM ORDER

RAKOFF, District Judge.

Plaintiffs in these three now-consolidated class actions represent a class of purchasers who bought stock in a company called RealNetworks, Inc. ("RealNetworks") between July 11, 2000 and July 18, 2001. See Consolidated Class Action Complaint ("Complaint") ¶ 1. RealNetworks, which initially went public in November 1997, provides software products and services for Internet media delivery. Id....

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