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CAPRI OPTICS PROFIT SHARING v. DIGITAL EQUIPMENT

No. 91-1385.

950 F.2d 5 (1991)

CAPRI OPTICS PROFIT SHARING, Plaintiff, Appellant, v. DIGITAL EQUIPMENT CORPORATION, Defendant, Appellee.

United States Court of Appeals, First Circuit.

Decided November 18, 1991.

Attorney(s) appearing for the Case

Joseph H. Weiss with whom Law Offices of Joseph H. Weiss, New York City, Law Offices of Robert A. Stolzberg, Boston, Mass., and Stull, Stull & Brody, New York City, were on brief, for plaintiff, appellant.

Edmund C. Case with whom Wayne M. Carlin, David C. Berry and Testa, Hurwitz & Thibeault, Boston, Mass., were on brief, for defendant, appellee.

Before CAMPBELL, Circuit Judge, ALDRICH, Senior Circuit Judge, and SELYA, Circuit Judge.

BAILEY ALDRICH, Senior Circuit Judge.

The question in this class action is whether the body of stockholders in defendant Digital Equipment Corporation1 are to compensate those who bought on the market following alleged misrepresentations by management, and whose stock subsequently lost market value. The district court granted summary judgment for defendant, Capri Optics Profit Sharing v. Digital...

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