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HAVENICK v. NETWORK EXP., INC.

No. 96-CV-74627-DT.

981 F.Supp. 480 (1997)

Fred S. HAVENICK, et al., On Behalf of Themselves and All Others Similarly Situated, Plaintiffs, v. NETWORK EXPRESS, INC., et al., Defendants.

United States District Court, E.D. Michigan, Southern Division.

September 30, 1997.

Attorney(s) appearing for the Case

Reed R. Kathrein, San Francisco, CA, Henry Rosen, San Diego, CA, Leigh A. Parker, Los Angeles, CA, Mark Bransdorfer and Stephen C. Bransdorfer, Bransdorfer & Bransdorfer, P.C., Grand Rapids, MI, for plaintiffs.

Raymond Henney, Detroit, MI, Harvey J. Wolkoff, Robert G. Jones, Boston, MA, for the company and individual defendants.

Tom Rafferty, David R. Marriott, Cravath, Swaine & Moore, New York City, Michael Coakley, Miller, Canfield, Paddock and Stone, Detroit, MI, Joel W. Sternman, Rosenman & Colin, LLP, New York City, for underwriter defendants.

OPINION AND ORDER GRANTING DEFENDANTS' MOTIONS TO DISMISS

ROSEN, District Judge.

I. INTRODUCTION

On October 7, 1996, Plaintiffs Fred S. Havenick, George L. Leland, and Jacquelyn Leland filed this class action on behalf of themselves and other purchasers of the stock of Defendant Network Express, Inc. ("NEI")1 between March 13, 1995 and October...

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