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CHALVERUS v. PEGASYSTEMS, INC.

No. Civ.A. 97-12570-WGY.

59 F.Supp.2d 226 (1999)

Joseph CHALVERUS, John T. Beales, III, Charles Ellsworth, Robert Harrer, Simon He, Gary Malazian, Stephen Rocci, Merlin Riley, III, and Andy Tynes, Plaintiffs, v. PEGASYSTEMS, INC., Alan Trefler, and Ira Vishner, Defendants.

United States District Court, D. Massachusetts.

July 30, 1999.

Attorney(s) appearing for the Case

Thomas G. Shapiro, Shapiro, Haber & Urmy LLP, Boston, MA, for Plaintiffs.

John D. Donovan, Jr., Elizabeth K. Frumkin, Ropes & Gray, Boston, MA, for defendants.

MEMORANDUM AND ORDER

YOUNG, Chief Judge.

This is a securities fraud action brought on behalf of persons who purchased the common stock of Pegasystems, Inc. ("Pegasystems") between July 2, 1997 and October 29, 1997 ("the Class Period"). The plaintiffs (collectively, "Chalverus") allege violations of sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by Pegasystems, Alan Trefler ("Trefler"), and Ira...

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