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SCHWARTZ v. SYSTEM SOFTWARE ASSOCIATES, INC.

No. 93-2904.

32 F.3d 284 (1994)

Lynne A. SCHWARTZ, Plaintiff-Appellant, v. SYSTEM SOFTWARE ASSOCIATES, INC., Roger E. Covey, and David L. Harbert, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided August 10, 1994.

Attorney(s) appearing for the Case

Ronald L. Futterman, Futterman & Howard, Chicago, IL, I. Stephen Rabin (argued), Joseph P. Garland, Rabin & Garland, New York City, for plaintiff-appellant.

Lowell E. Sachnoff (argued), Gary S. Caplan, Joel S. Feldman, Christine Bodewes, Sachnoff & Weaver, Chicago, IL, for defendants-appellees.

Before CUMMINGS, EASTERBROOK and KANNE, Circuit Judges.

CUMMINGS, Circuit Judge.

On February 22, 1991, plaintiff Lynne A. Schwartz filed this lawsuit under §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 (15 U.S.C. §§ 78j(b) and 78t(a)) and Rule 10b-5 of the Securities and Exchange Commission (17 C.F.R. § 240.10b-5) against defendant System Software Associates, Inc. ("System Software") and two of its officers. The suit is a class action on behalf of purchasers of System Software's common...

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