IN RE SEAGATE TECHNOLOGY II SECURITIES LITIGATION

No. C-89-2493(A)-VRW.

843 F.Supp. 1341 (1994)

In re SEAGATE TECHNOLOGY II SECURITIES LITIGATION. This Document Relates to All Actions.

United States District Court, N.D. California.

As Amended March 2, 1994.


Attorney(s) appearing for the Case

Steven O. Sidener, Glenn M. Goffin, Gold & Bennett, A Professional Law Corp., San Francisco, CA, Berger & Montague, Sherrie Savett, Todd S. Collins, Philadelphia, PA, Milberg Weiss Bershad Specthrie & Lerach, William S. Lerach, Blake M. Harper, San Diego, CA, for plaintiffs and all others similarly situated.

James A. DiBoise, Mary Anne Rodgers, Sara Harrington, Thomas J. Martin, Wilson, Sonsini, Goodrich & Rosati, A Professional Corp., Palo Alto, CA, for defendants.


ORDER

WALKER, District Judge.

The complaints in these consolidated securities fraud cases allege that due to improper conduct by the defendants, the price of Seagate common stock was fraudulently inflated for a period of several months. During this time, defendants allegedly made several partially curative disclosures. These partial disclosures caused the trading price of the stock to decline gradually, instead of dropping suddenly as is usually the case...

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