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BENTLEY v. LEGENT CORP.

Civ. A. No. 93-894-A.

849 F.Supp. 429 (1994)

Dennis E. BENTLEY, David Cohen, Manuel and Jeri Davidoff, Anthony J. Esposito, Joseph J. George, Thomas Gunn, Joseph T. Harris, Ira Thomas, Deborah Herman, George M. Meeks, Phyllis Meier, and Joseph T. Rios, on behalf of themselves and all those similarly situated, Plaintiffs, v. LEGENT CORPORATION, John F. Burton, David C. Wetmore, and Franchon M. Smithson, Defendants.

United States District Court, E.D. Virginia, Alexandria Division.

March 4, 1994.

Attorney(s) appearing for the Case

Steven Jeffrey Toll, Cohen, Milstein, Hausfeld and Toll, Washington, D.C., for plaintiffs.

Sean Sherman, Hale & Dorr, Washington, D.C., for defendants.

MEMORANDUM OPINION

HILTON, District Judge.

This matter came before the Court for a trial by jury on February 1, 1994. This is a class action suit brought by purchasers of Legent Corporation's common stock against Legent and its officers. In Count I, Plaintiffs allege that the defendants misled the investment public in violation of section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), and SEC Rule 10b-5, with a series of statements...

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