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IN RE BAAN CO. SECURITIES LITIGATION

No. CIV.A. 98-2465(ESH).

284 F.Supp.2d 62 (2003)

In re BAAN COMPANY SECURITIES LITIGATION.

United States District Court, District of Columbia.

September 30, 2003.

Attorney(s) appearing for the Case

Andrew Neil Friedman, Cohen, Milstein, Hausfeld & Toll, P.L.L.C., Washington, DC, Joshua H. Vinik, Lee S. Shalov, Cary L. Talbot, Milberg, Weiss, Bershard, Hynes & Lerach, LLP, Ralph M. Stone, Shalov, Stone & Bonner, L.L.P., New York City, for Plaintiffs.

Leslie Gordon Fagen, Lewis Farberman, Daniel J. Leffell, Paul, Weiss, Rifkind, Wharton & Garrison, New York City, Saul Murray Pilchen, Andrew L. Sandler, Colleen Patricia Mahoney, Donna L. Wilson, Stephen Paul Vaughn, Andy Gene Rickman, Skadden, Arps, Slate, Meagher & Flom, LLP, Joan Margaret Macaulay, Sidley Austin Brown & Wood, Jeffrey Steven Jacobovitz, Robert A. Jaffe, Kutak Rock, Robert James Symon, Frank Leone, Jr., Spriggs & Hollingsworth, Scott William Muller, Davis, Polk & Wardwell, Washington, DC, William K. Holmes, Melvin G. Moseley, Jr., Warner Norcross & Judd LLP, Grand Rapids, MI, for Defendants.

Luis De La Torre, Securities & Exchange Commission, Washington, DC, for Amicus.

MEMORANDUM OPINION REGARDING SETTLEMENT APPROVAL

HUVELLE, District Judge.

This is a class action brought on behalf of all persons or entities who purchased or otherwise acquired the securities of Baan Company ("Baan" or the "Company") between January 28, 1997 and October 12, 1998 (the "Class" and the "Class Period").1 On June 26, 2003, counsel for Lead Plaintiffs and Defendants2 entered into...

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