In re BAAN COMPANY SECURITIES LITIGATION.
This Document Relates to All Actions.
United States District Court, District of Columbia.https://leagle.com/images/logo.png
January 14, 2000.
January 14, 2000.
Attorney(s) appearing for the Case
Andrew Neil Friedman, Cohen, Milstein, Hausfeld & Toll, P.L.L.C., Washington, DC, for Laure Salerno.
Leslie Gordon Fagen, Paul, Weiss, Rifkind, Wharton & Garrison, New York, NY, for Tom C. Tinsley, Baan Co., N.V., Plaintiffs' Liaison Counsel, David C. Hodgson, Amal M. Johnson.
Joshua H. Vinik, Milberg, Weiss, Bershard, Hynes & Lerach, LLP, New York, NY, for Lead Plaintiffs.
Lee S. Shalov, Cary L. Talbot, Milberg, Weiss, Bershard, Hynes & Lerach, LLP, New York, NY, Ralph M. Stone, shalov, Stone & Bonner, New York, NY, for Plaintiffs' Co-Lead Counsel.
Andrew L. Sandler, Colleen Patricia Mahoney, Joan Margaret Macaulay, Stephen Paul Vaughn, Skadden, Arps, Slate, Meagher & Flom, LLP, for Jan Baan, J.G. Paul Baan.
Robert James Symon, Spriggs & Hollingsworth, Washington, DC, for Vanenburg Ventures B.V.
Luis De La Torre, Securities & Exchange Commission, Washington, DC, amicus.
United States District Court, District of Columbia.
MEMORANDUM OPINION
FACCIOLA, United States Magistrate Judge.
BACKGROUND
In this class action,1 plaintiffs, purchasers of Baan Corp. ("Baan") common stock, American Depository Receipts ("ADRs"),2 warrants, and options, are suing defendants3 for alleged violations of the Securities Exchange Act of 1934,15 U.S.C.A. § 78a (1997). Plaintiffs claim "that defendants...
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