PACHECO v. CAMBRIDGE TECHNOLOGY PARTNERS (MASS.)

No. CIV. A. 98-12374-WGY.

85 F.Supp.2d 69 (2000)

Leonard J. PACHECO, individually and as Co-Trustee of the Mary T. Pacheco Trust, as Co-Trustee of the FE & Mary T. Pacheco Trust, Jim Beebe, individually and as Co-Trustee of the Mary T. Pacheco Trust, as Co-Trustee of the FE & Mary T. Pacheco, Tari Eastman, individually and as Co-Trustee of the Mary T. Pacheco Trust, as Co-Trustee of the FE & Mary T. Pacheco Trust, Miguelangel Aponte-Rios, individually and as Co-trustee of the Mary T. Pacheco Trust, as Co-Trustee of the FE & Mary T. Pacheco Trust, as Trustee of the Michael Pacheco Trust, Linda Pacheco, individually, and as Co-Trustee of the Mary T. Pacheco Trust, as Co-Trustee of the FE & Mary T. Pacheco Trust, as Trustee of the Michael Pacheco Trust, James A. Pacheco, individually and as Co-Trustee of the Mary T. Pacheco Trust, as Co-Trustee of the FE & Mary T. Pacheco Trust, as Trustee of the Michael Pacheco Trust, John M. Pacheco, individually and as Co-Trustee of the Mary T. Pacheco Trust, as Co-Trustee of the FE & Mary T. Pacheco Trust, as Trustee of the Andrew Pacheco Trust, as Trustee of the Gina Lynn Young Trust, as Trustee of the Heather Pacheco Trust, as Trustee of the Thomas Pacheco Trust, Michael Resler, as Trustee of the Timothy Pacheco Trust, as Co-Trustee of the Danny Pacheco Trust, as Trustee of the Joseph B. Pacheco Trust, as Trustee of the Sarah Pacheco Trust, Joseph B. Pacheco, as Trustee of the Timothy Pacheco Trust, as Co-Trustee of the Danny Pacheco Trust, as Trustee of the Joseph B. Pacheco Trust, as Trustee of the Sarah Pacheco Trust, Roberta L. Pacheco, as Co-Trustee of the Danny Pacheco Trust, Laura Pacheco, individually and as Co-Trustee of the Margaret Donovan Trust, as Co-Trustee of the Buruka Trust, as Co-Trustee of the Bravo Trust, as Co-Trustee of the Crocodile Rock Trust, as Co-Trustee of the Inca Trust, as Co-Trustee of the Morigan Trust, and as Co-Trustee of the Sierra Trust, Jennifer A. Pacheco, individually and as Co-Trustee of the Buruka Trust, as Co-Trustee of the Bravo Trust, as Co-Trustee of the Crocodile Rock Trust, as Co-Trustee of the Inca Trust, as Co-Trustee of the Morigan Trust, and as Co-Trustee of the Sierra Trust, Michelle D. Pacheco, as Co-Trustee of the Buruka Trust, as Co-Trustee of the Bravo Trust, as Co-Trustee of the Crocodile Rock Trust, as Co-Trustee of the Inca Trust, as Co-Trustee of the Morigan Trust, and as Co-Trustee of the Sierra Trust, Susan C. Lybeck, as Co-Trustees of the Buruka Trust, as Co-Trustee of the Brava Trust, as Co-Trustee of the Crocodile Rock Trust, as Co-Trustees of the Inca Trust, as Co-Trustee of the Morigan Trust, and as Co-Trustee of the Sierra Trust, Patrice Pacheco, as Co-Trustee of the Margaret Donovan Trust, Matt Donovan, as Co-Trustee of the Margaret Donovan Trust, Mary Paterson, as Trustee of the Alex Paterson Trust and as Trustee of the Tori Patterson Trust, Maureen Parsons, as Trustee of the Michael Beebe Trust and as Trustee of the Patrick J. Beebe Irrevocable Trust, Plaintiffs v. CAMBRIDGE TECHNOLOGY PARTNERS (MASSACHUSETTS), INC. Defendant.

United States District Court, D. Massachusetts.

March 1, 2000.


Attorney(s) appearing for the Case

Jeffrey B. Rudman, Gabrielle R. Wolohojian, Lisa Pirozzolo, Hale & Dorr, Boston, MA, Peter S. McCormick, David C. Lundsgaard, K. Michael Fandel, Edward S. Pettigrew, Graham & Dunn, P.C., Seattle, WA, for Leonard J. Pacheco, Diane Pacheco, Jim Beebe, Tari Eastman, Miguelangel Aponte-Rios, Linda Pacheco, James A. Pacheco, John M. Pacheco, Michael Resler, Joseph B. Pacheco, Roberta L. Pacheco, Laura Pacheco, Jennifer A. Pacheco, Michelle D. Pacheco, Susan C. Lybeck, Patrice Pacheco, Matt Donovan, Mary Paterson, Maureen Parsons.

Jordan D. Hershman, Christopher F. Robertson, Lauren A. Stagnone, Justin M. Perrotta, Testa, Hurwitz & Thibeault, LLP, Boston, MA, for Cambridge Technology Partners (Massachusetts), Inc.


MEMORANDUM AND ORDER

YOUNG, Chief Judge.

I. Introduction

This case arises out of a stock for stock merger (the "Merger") between Cambridge Technology Partners (Massachusetts), Inc. ("Cambridge") and Excell Data Corporation ("Excell"), which closed on August 31, 1998 (the "Closing Date"). After a post-closing drop in the price of Cambridge stock, certain former Excell shareholders, including...

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