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IN RE BISYS SECURITIES LITIGATION

No. 04 Civ. 3840(LAK).

397 F.Supp.2d 430 (2005)

In re BISYS SECURITIES LITIGATION. This document relates to: All Actions.

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

October 28, 2005.

Attorney(s) appearing for the Case

Peter S. Linden, Ira M. Press, Kirby McInerney & Squire LLP, S. Gene Cauley, Allen J. Carney, Marcus Bozeman, Tiffany Wyatt Oldham, Cauley Bowman Carney & Williams, PLLC, for Plaintiffs.

Jerome S. Hirsch, Lea Haber Kuck, Elizabeth A. Hellerman, Skadden, Arps, Slate, Meagher & Flom LLP, for Defendant The BISYS Group, Inc.

Thomas J. Kavaler, Joel Kurtzberg, Cahill Gordon & Reindell LLP, for Defendants Dennis R. Sheehan, Lynn J. Mangum, Andrew C. Corbin, James L. Fox, Russell Fradin, Kevin Dell, and Mark J. Rybarczyk.

James J. Capra, David M. Fine, Elizabeth S. Watson, Orrick, Herrington & Sutcliffe LLP, for Defendant PricewaterhouseCoopers LLP.

MEMORANDUM OPINION

LEWIS A. KAPLAN, District Judge.

On May 17, 2004, The BISYS Group, Inc. ("BISYS" or the "Company") announced plans to restate its financial results for fiscal years 2001, 2002, and 2003 and its interim results for fiscal year 2004.1 Plaintiffs then brought this putative class action against BISYS, seven of its current and former officers and directors (collectively...

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