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IN RE SEGUE SOFTWARE, INC. SECURITIES LITIGATION

No. CIV.A. 99-10891-RGS.

106 F.Supp.2d 161 (2000)

In re SEGUE SOFTWARE, INC. SECURITIES LITIGATION

United States District Court, D. Massachusetts.

July 26, 2000.

Attorney(s) appearing for the Case

Jeffrey C. Block, Berman, DeValerio & Pease, Boston, MA, Steven Schulman, Milberg, Weiss, Bershad Specthrie & Lerach, Lester L. Levy, Wolf, Popper, Ross, Wolf & Jones, New York, NY, Thomas G. Shapiro, Shapiro, Haber & Urmy LLP, Stephen Moulton, Moulton & Gans, LLP, Boston, MA, Richard D. Kranich, Law Office of Richard D. Kranich, New York, NY, for Nathan Rice, Plaintiffs.

Jeremy M. Sternberg, Jeffrey A. Simes, Goodwin, Procter & Hoar, Stephen D. Poss, Goodwin, Procter & Hoar, Boston, MA, for Segue Software, Inc., Steven Butler, Carl Blandino, Defendants.

MEMORANDUM AND ORDER ON DEFENDANTS' MOTIONS TO DISMISS

STEARNS, District Judge.

This class action was brought on behalf of investors who purchased Segue Software, Inc. (Segue) common stock between July 14, 1998, and April 9, 1999. The lawsuit alleges that the price of Segue shares was artificially inflated by an accounting practice that violated generally accepted accounting principles (GAAP). Segue now moves to dismiss the Consolidated Amended Class...

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