United States District Court, N.D. California.https://leagle.com/images/logo.png
October 3, 1989.
October 3, 1989.
Attorney(s) appearing for the Case
William S. Lerach, John E. Grasberger and Kristin M. Cano, Wilberg Weiss Bershad Specthrie & Lerach, San Diego, Cal., Leonard Barrack, Gerald J. Rodos and Kirk Hulett, Barrack, Rodos & Bacine, Philadelphia, Pa., Arthur N. Abbey, Abbey & Ellis, New York City, Richard D. Greenfield, Carole A. Broderick and R. Bruce McNew, Greenfield, Chimicles & Lewis, Haverford, Pa., and David B. Gold, Paul F. Bennett and Richard D. Harmon, San Francisco, Cal., for plaintiffs.
Peter Kreindler and Ronald C. Redcay, Hughes Hubbard & Reed, Los Angeles, Cal., for Coopers & Lybrand.
Jeffrey Facter, Tower C. Snow, Gilbert R. Serota and 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, David L. Anderson, California Partners and G. Leonard Baker, Jr., Drapers Associates, Inc.
Brenda Woodson, John N. Hauser and Philip R. Rotner, McCutchen, Doyle, Brown & Enersen, San Francisco, Cal., and Robert F. Wise, Jr. and Henry King, Davis, Polk & Wardwell, New York City, for Morgan Stanley & Co., Inc., L.F. Rothschild, Unterberg, Towbin.
Charles R. Breyer and Richard H. Abramson, Coblentz, Cahen, McCabe & Breyer, San Francisco, Cal., for Nat. Union Fire Ins. Co. of Pittsburgh, Pa.
Steven M. Schatz, Dana Haviland and Mary Anne Rodgers, Wilson, Sonsini, Goodrich & Rosati, Palo Alto, Cal., for Data General Corp.
Henry L. King, Robert F. Wise, Jr., Lauren B. Homer and Lisa A. Huestis, Davis Polk & Wardwell, New York City, for Underwriter defendants.
United States District Court, N.D. California.
OPINION
PATEL, District Judge.
This case has followed the all too familiar path of large securities cases. It was filed as a class action by a number of well-recognized lawyers who specialize in plaintiffs' securities litigation. The complaint named the usual cast of defendants — the corporation issuing the shares, in this case when the corporation went public; the officers and directors; the underwriters; the corporation's accountants; and a variety...
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