IN RE CONVERGENT TECHNOLOGIES SEC. LIT.

Nos. C-84-20749 RPA, C-84-20758 RPA, C-84-20789 RPA, C-84-20801 RPA, C-84-20803 RPA, C-84-20804 RPA, C-84-20816 RPA, C-85-20009 RPA, C-85-20129 RPA and C-85-20130 RPA.

721 F.Supp. 1133 (1988)

In re CONVERGENT TECHNOLOGIES SECURITIES LITIGATION. This Document Relates To: ALL ACTIONS

United States District Court, N.D. California.

November 22, 1988.


Attorney(s) appearing for the Case

Milberg Weiss Bershad Specthrie & Lerach, John E. Grasberger, William S. Lerach, Blake M. Harper, San Diego, Cal., Barrack Rodos & Bacine, Leonard Barrack, Gerald Rodos, Edward M. Gergosian, Philadelphia, Pa., Cohen, Milstein & Hausfeld, P.C., Washington, D.C., Phillip M. Katz, Looney & Grossman, Boston, Mass., for plaintiffs.

Petit & Martin, Michael F. Perlis, Philip F. Atkins-Patterson, Pamela J. Roberts, Alvin L. Fishman, San Francisco, Cal., for Convergent Technologies, Merrill E. Newman, Allen H. Michels, Robert A. Garrow, William R. Harris and Richard E. Meise.

Douglas M. Schwab, Lawrence W. Keeshan, Richard S. Dangerfield, Jane W. Ellis, Heller, Ehrman, White & McAuliff, San Francisco, Cal., for Thomas J. Cable, John Freidenrich, W. Charles Hazel, Jerome Jacobson, Richard Riordan, William Rollnick and A. Robert Towbin.

Pillsbury, Madison & Sutro, William I. Edlund, Walter J. Robinson, III, William O. Fisher, San Francisco, Cal., for: Underwriters defendants.

Robert T. Russell, Ware, Fletcher & Freidenrich, Palo Alto, Cal.

Steven M. Schatz, Bruce G. Vanyo, Terry Johnson, Daniel J. Bergeson, Wilson, Sonsini, Goodrich & Rosati, Palo Alto, Cal., for Unisys Corp.

Lawrence B. Pedowitz, Wendy P. Rosenthal, Wachtell, Lipton, Rosen & Katz, New York City, for Burroughs Corp.

Thomas K. Bouke, Bruce A. McDermott, Riordan, Caps, Carbone & McKinzie, Los Angeles, Cal., for Carbone and McKinzie.


ORDER GRANTING DEFENDANTS' MOTION FOR SUMMARY JUDGMENT

SPENCER WILLIAMS, District Judge.

On October 11, 1988, defendants in this federal securities class action moved for summary judgment on a variety of grounds. Because this court holds that the statements in question are not materially misleading, summary judgment is GRANTED for all defendants.

BACKGROUND:

This is a class action brought on behalf of all persons who purchased the stock...

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