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380544 CANADA, INC. v. ASPEN TECHNOLOGY, INC.

No. 07 Civ. 1204(JFK).

544 F.Supp.2d 199 (2008)

380544 CANADA, INC., Wayne Sim, and Salvatore Clave, Plaintiffs, v. ASPEN TECHNOLOGY, INC, Lawrence Evans, David McQullin, and Lisa Zappala, Defendants.

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

March 18, 2008.

Attorney(s) appearing for the Case

Seeger Weiss, LLP, of Counsel: Eric Chaffin, Esq., New York, NY, for the Plaintiffs.

Skadden ARPS Slate Meagher & Flomm, LLP, of Counsel: Kurt Hemr, Esq., Boston, MA, for Defendant Aspen Technology, Inc.

Foley Hoag, LLP, of Counsel: Nicholas Theodorou, Esq., Boston, MA, for Defendant Lawrence Evans.

DLA Piper US, LLP, of Counsel: Bruce Falby, Esq., Sonal Patel, Esq., Boston, MA, for Defendant. David McQuillin.

Goodwin Proctor, LLP, of Counsel: John Falvey, Esq., Boston, MA, for Defendant Lisa Zappala.

OPINION & ORDER

JOHN F. KEENAN, District Judge.

Plaintiffs 380544 Canada, Inc., Wayne Sim, and Salvatore Clave (collectively, the "Plaintiffs") brought this action against defendant Aspen Technology, Inc. ("Aspen") and individual defendants Lisa Zappala, Lawrence Evans, and David McQuillin (collectively, the "Individual Defendants"), who are former high-ranking officers of Aspen, alleging securities fraud in violation of sections 10(b) and 20...

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