IN RE ALLAIRE CORP. SECURITIES LITIGATION

No. CIV.A. 00-11972-WGY.

224 F.Supp.2d 319 (2002)

In re ALLAIRE CORPORATION SECURITIES LITIGATION

United States District Court, D. Massachusetts.

September 27, 2002.


Attorney(s) appearing for the Case

Daniel E. Bacine, Barrack, Rodos & Bacine, Philadelphia, PA, Peter E. Seidman, Samuel H. Rudman, Steven G. Schulman, Milberg Weiss Bershad Hynes & Lerach LLP, New York, NY, Alfred G. Yates, Jr., Law Office of Alfred G. Yates, Jr., Pittsburgh, PA, Jeffrey S. Abraham, Stephen Moulton, Nancy Freeman Gans, Moulton & Gans, LLP, Boston, MA, Adkins, Kelston & Zavez, P.C., Boston, for Neil Krakauer, on behalf of himself and all others similarly situated, Plaintiff.

Daniel E. Bacine, Barrack, Rodos & Bacine, Philadelphia, PA, Alfred G. Yates, Jr., Law Office of Alfred G. Yates, Jr., Pittsburgh, PA, Jeffrey R. Krinsk, Finkelstein & Krinsk, San Diego, CA, for David J. Dargenzio.

Jeffrey R. Krinsk, Finkelstein & Krinsk, San Diego, CA, David Pastor, Gilman and Paster, LLP, Saugus, MA, for Monique Winters, David Holmes.

Daniel E. Bacine, Barrack, Rodos & Bacine, Philadelphia, PA, Stephen Moulton, Nancy Freeman Gans, Moulton & Gans, LLP, Boston, MA, Jonathan M. Stein, Cauley, Geller, Bowman & Coates, LLP, Little Rock, AR, David L. Kelston, Adkins, Kelston & Zavez, P.C., Boston, MA, for Alan Grodon, Antonio DeMaggio.

Fred Isquith, Gregory M. Nespole, Katherine B. DuBose, Wolf, Haldenstein, Adler, Freeman & Herz, New York City, Stephen Moulton, Nancy Freeman Gans, Moulton & Gans, LLP, Boston, MA, for Craig Scott Large.

Jules Brody, Stull, Stull & Brody, New York City, Stephen Moulton, Nancy Freeman Gans, Moulton & Gans, LLP, Boston, MA, Joseph H. Weiss, Weiss & Yourman, New York City, Timothy J. Burke, Michael D. Braun, Stull, Stull & Brody, Los Angeles, CA, David L. Kelston, Adkins, Kelston & Zavez, P.C., Boston, MA, for Jeff Knorr.

Daniel E. Bacine, Barrack, Rodos & Bacine, Philadelphia, PA, Matthew M. Houston, Robert I. Harwood, Wechsler, Harwood, Halebian & Feffer, LLP, New York City, Stephen Moulton, Nancy Freeman Gans, Moulton & Gans, LLP, Boston, MA, Bruce G. Murphy, Law Offices of Bruce G. Murphy, Vero Beach, FL, for Chris Jarvis.

Daniel E. Bacine, Barrack, Rodos & Bacine, Philadelphia, PA, Jeffrey Kodroff, Anthony Chue, Spector & Roseman, Stephen Moulton, Nancy Freeman Gans, Moulton & Gans, LLP, Boston, MA, Evan J. Smith, Brodsky & Smith, LLC, Bala Cynwyd, PA, David L. Kelston, Adkins, Kelston & Zavez, P.C., Boston, MA, for Karen Cordeiro.

Daniel E. Bacine, Barrack, Rodos & Bacine, Philadelphia, PA, Stephen Moulton, Nancy Freeman Gans, Moulton & Gans, LLP, Boston, MA, Marc S. Henzel, Law Offices of Marc S. Henzel, Philadelphia, PA, David L. Kelston, Adkins, Kelston & Zavez, P.C., Boston, MA, for Howard B. Fisher.

Thomas G. Shapiro, Shapiro, Haber & Urmy LLP, Boston, MA, for Howard Reagor, Karl G. Lindgren.

Thomas V. Urmy, Jr., Shapiro Haber & Urmy, LLP, Boston, MA, Dennis J. Johnson, Johnson & Perkinson, South Burlington, VT, for Lola Crippin.

Peter A. Lagorio, Gilman & Pastor, LLP, Saugus, MI, for Abraham S. Kassin.

William H. Paine, Jeffrey B. Rudman, Jonathan A. Shapiro, Gregory P. Teran, Hale & Dorr, Boston, MA, for Allaire Corp.

William H. Paine, Jeffrey B. Rudman, Jonathan A. Shapiro, Hale & Dorr, Boston, MA, for Joseph J. Allaire, Jeremy Allaire, David A. Gerth, David J. Orfao.


MEMORANDUM

YOUNG, Chief Judge.

I. INTRODUCTION

"In 1995, Congress enacted legislation attempting to wrest control over securities fraud class action lawsuits from the plaintiffs' bar devoted to such litigation and confer it upon counsel for larger institutional investors. See Private Securities Litigation Reform Act (`PSLRA'), Publ. L. No. 104-67 codified at 15 U.S.C. § 78u-4 (1995). Such a measure, it was believed, would cut...

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