IN RE ACTIVISION SECURITIES LITIGATION

No. C-83-4639-MHP.

621 F.Supp. 415 (1985)

In re ACTIVISION SECURITIES LITIGATION, and All Related Actions.

United States District Court, N.D. California.

November 4, 1985.


Attorney(s) appearing for the Case

William S. Lerach, John E. Grasberger, Kristin M. Cano, Milberg, Weiss, Bershad, Specthrie & Lerach, San Diego, Cal., Leonard Barrack, Gerald J. Rodos, Kirk Hulett, Barrack, Rodos & Bacine, Philadelphia, Pa., Arthur N. Abbey, Abbey & Ellis, New York City, for plaintiffs.

Richard D. Greenfield, Carole A. Broderick, R. Bruce McNew, Greenfield, Chimicles & Lewis, Haverford, Pa., David B. Gold, Paul F. Bennett, John W. Allured, San Francisco, Cal., Malcolm E. Wheeler, David A. Lombardero, B. Erin Ruderman, Hughes Hubbard & Reed, Los Angeles, Cal., for Coopers & Lybrand.

Tower C. Snow, Gilbert R. Serota, Eric K. Hansen, Orrick, Herrington & Sutcliffe, San Francisco, Cal., for Activision, Inc., Allan Epstein, Robert K. Faught, Harvey N. Gillis, James H. Levy, John M. Lillie, Frank A. Mainero, Richard W. Muchmore, Thomas W. Pomeroy and Arthur F. Schneiderman.

Patrick J. Mahoney, Cooley, Godward, Castro, Huddleson & Tatum, San Francisco, Cal., for Genstar Pacific Corp., Sutter Hill Ventures, Paul M. Whythes and David L. Anderson.

John N. Hauser, Philip R. Rotner, McCutchen, Doyle, Brown & Enersen, San Francisco, Cal., Robert F. Wise, Jr., Henry King, Davis, Polk & Wardwell, New York City, for Morgan Stanley & Co., Inc. and L.F. Rothschild Untergerg Towbin.


AMENDED MEMORANDUM DECISION AND ORDER

PATEL, District Judge.

This action is a consolidation of four proposed shareholder class actions arising from the public offering of Activision securities in June 1983. Activision is a Silicon Valley company founded in 1979 to design, manufacture, and market video game cartridges. Its products were compatible with the Atari 2600 and the Mattel Electronics Intellivision systems. The company enjoyed phenomenal success...

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