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SACHS v. SPRAGUE

No. CIV.A. 04-30032-MAP.

401 F.Supp.2d 159 (2005)

Steve SACHS, et al., Plaintiffs v. Steven SPRAGUE, et al., Defendants

United States District Court, D. Massachusetts.

November 22, 2005.

Attorney(s) appearing for the Case

Michael D. Blanchard, Bingham McCutchen LLP — Hartford, Hartford, CT, Robert A. Buhlman, Eunice E. Lee, Bingham McCutchen LLP, Boston, MA, for Wave Systems Corporation, George Gilder, Gerard T. Feeney, John E. Bagalay, Jr., John E. McConnaughy, Jr., Nolan Bushnell, Steven Sprague, Defendants.

William B. Federman, The Law Firm of Federman & Sherwood, Oklahoma City, OK, Alfred G. Yates, Jr., Law Office of Alfred G. Yates, Jr., Pittsburgh, PA, Jeffrey P. Fink, Robbins Umeda & Fink, LLP, San Diego, CA, Keith A. Minoff, Robinson Donovan, P.C., Springfield, MA, for Steve Sachs, Charlene Harvey, Jeff Swanson, Plaintiffs.

Caroline A. Schnurer, Robbins Umeda & Fink, LLP, San Diego, CA, for Steve Sachs, Plaintiff.

MEMORANDUM REGARDING DEFENDANTS' MOTION TO DISMISS (Dkt. No. 29)

PONSOR, District Judge.

I. INTRODUCTION

This is a shareholder derivative action brought by shareholders of Wave Systems Corporation ("Wave" or the "Company"), on behalf of the Company, against certain of its officers and directors for, among other things, breaching their fiduciary duties by disseminating, or permitting the dissemination of, false and/or misleading statements...

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