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FRIEDBERG v. DISCREET LOGIC INC.

Civil Action No. 96-11232-EFH.

959 F.Supp. 42 (1997)

Bruce FRIEDBERG, on behalf of himself and all others similarly situated, Plaintiff, v. DISCREET LOGIC INC., Richard J. Szalwinski, David N. Macrae, Gary G. Tregaskis, Douglas R. Johnson and Thomas Cantwell, Defendants.

United States District Court, D. Massachusetts.

March 7, 1997.

Attorney(s) appearing for the Case

Glen DeValerio, Berman, DeValerio & Pease, Boston, MA, Max W. Berger, Douglas M. McKeige, Bernstein, Litowitz, Berger & Grossman, New York City, for Bruce Freidberg.

Peter E. Gelhaar, Donnelly, Conroy & Gelhaar, Boston, MA, David S. Steuer, Denise M. Amantea, Joanne R. Scully, Lloyd Winawer, Wilson, Sonsini, Goodrich & Rosati, Palo Alto, CA, Brian E. Pastuszenski, William L. Prickett, Testa, Hurwitz & Thibeault, Boston, MA, for Discreet Logic Inc., Richard J. Szalwinski, David N. Macrae, Gary G. Tregaskis, Douglas R. Johnson, Thomas Cantwell.

MEMORANDUM AND ORDER

HARRINGTON, District Judge.

The question before the Court is whether the Plaintiff's Complaint states a claim for fraud under the federal securities laws, 15 U.S.C. § 78j(b), and whether the Plaintiff's Complaint satisfies the heightened pleading standard codified at 15 U.S.C. § 78u-4.

Standard of Review

The question is raised by a Motion to Dismiss filed pursuant to Fed.R.Civ.P. 12(b)(6) by...

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