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IN RE COREL CORP. INC. SECURITIES LITIGATION

No. 00-CV-1257.

147 F.Supp.2d 363 (2001)

In re COREL CORPORATION INC. SECURITIES LITIGATION.

United States District Court, E.D. Pennsylvania.

May 31, 2001.

Attorney(s) appearing for the Case

Stuart J. Savett, Robert P. Frutkin, Savett, Frutkin, Pedell & Ryan, PC, Philadelphia, PA, Paul J. Scarlato, Weinstein, Kitchenoff, Scarlato & Goldman, Philadelphia, PA, Charles J. Piven, Baltimore, MD, for plaintiff.

Jay A. Dubow, Wolf Block Schorr & Solis-Cohen, Philadelphia, PA, Andrea Butler, P. Kevin Castel, George Wailand, Cahill, Gordon, Reindel, New York City, for defendant.

Sherrie R. Savett, Philadelphia, PA, for movant.

EXPLANATION AND ORDER

ANITA B. BRODY, District Judge.

A putative class of investors has brought suit against Corel Corporation ("Corel") and its former Chief Executive Officer, Michael C.J. Cowpland ("Cowpland"). In their Consolidated and Amended Class Action Complaint, plaintiffs allege violations of Section 10(b) of the Securities Exchange Act and SEC Rule 10b-5, as well as control-person liability under Section 20(a) of the Exchange Act. The Amended...

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