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BERLINER v. LOTUS DEVELOPMENT CORP.

Civ. A. Nos. 88-2318-T, 88-2538-T and 88-2579-T.

783 F.Supp. 708 (1992)

Matthew J. BERLINER, Plaintiff, v. LOTUS DEVELOPMENT CORP., et al., Defendants. Gordon S. OPPENHEIMER, Plaintiff, v. LOTUS DEVELOPMENT CORP., et al., Defendants. Donald B. GOODMAN, Plaintiff, v. LOTUS DEVELOPMENT CORP., et al., Defendants.

United States District Court, D. Massachusetts.

February 5, 1992.

Attorney(s) appearing for the Case

Glen Devalerio, Berman, Devalerio & Pease, Boston, Mass., Bashian & Halebian, New York City, Schiffrin & Craig, Chicago, Ill., Abbey & Ellis, New York City, for plaintiffs.

Thomas J. Dougherty, Skadden, Arps, Slate, Meagher & Flom, Boston, Mass., Henry B. Gutman, Kerry L. Konrad, Karen F. Conway, Christopher Paik, Deborah K. Sorell, J. Douglas Richards, New York City, for defendants.

MEMORANDUM

TAURO, Chief Judge.

The plaintiffs in these related cases are three individuals, Matthew J. Berliner, Gordon S. Oppenheimer, and Donald B. Goodman, who purchased shares of the defendant Lotus Development Corporation ("Lotus") at an allegedly artificially inflated price. They sue on behalf of themselves and an, as-yet, uncertified class of those who purchased Lotus shares between February 25, 1988 and October 7, 1988 (the "class period"). The plaintiffs...

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