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SUTTON v. BERNARD

No. 00 C 6676.

446 F.Supp.2d 814 (2006)

Doug SUTTON and Prescott Nottingham, on behalf of themselves and all others similarly situated, Plaintiffs, v. Robert F. BERNARD, Robert T. Clarkson, and Bert B. Young, Defendants.

United States District Court, N.D. Illinois, Eastern Division.

July 12, 2006.

Attorney(s) appearing for the Case

Marvin Alan Miller, Jennifer Winter Sprengel, Matthew Eric Van Tine, Miller Faucher and Cafferty, LLP, Chicago, IL, Brad N. Friedman, Joshua H. Vinik, Peter Seidman, Steven G. Schulman, Milberg Weiss Bershad & Schulman LLP, New York, NY, Samuel H. Rudman, Lerach Coughlin Stoia Geller Rudman & Robbins LLP, Melville, NY, for Plaintiffs.

Joel Gerald Chefitz, James E. Hanlon, Jr., Lisa Colleen Sullivan, Howrey Simon Arnold & White, LLP, Karl Richard Barnickol, Katten Muchin Rosenman LLP, Steven P. Blonder, Much, Shelist, Freed, Denenberg, Ament & Rubenstein, P.C., Chicago, IL, for Defendants.

MEMORANDUM OPINION

GRADY, District Judge.

This is a class action in which the shareholder plaintiffs allege securities fraud against three officers of Marchfirst, Inc. ("Marchfirst"), a Chicago-based consulting corporation. The complaint alleges that defendants artificially inflated the price of Marchfirst's stock by publicly issuing materially false and misleading statements and failing to disclose material facts necessary to make those statements...

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