IN RE BANN CO. SECURITIES LITIGATION

No. CIV.A.98-2465 ESH.

245 F.Supp.2d 117 (2003)

In re BAAN COMPANY SECURITIES LITIGATION

United States District Court, District of Columbia.

February 20, 2003.


Attorney(s) appearing for the Case

Andrew Neil Friedman, Cohen, Milstein, Hausfeld & Toll, PLLC, Washington, DC, Josua H. Vinik, Milberg, Weiss, Bershard, Hynes & Lerach, LLP, New York City, for Laure Salerno, Plaintiff.

Leslie Gordon Fagen, Lewis Farberman, Daniel J. Leffell, Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for Tom C. Tinsley.

Joshua H. Vinik, Milberg, Weiss, Bershard, Hynes & Learch, LLP, New York City, for Lead Plaintiffs, Plaintiff.

Lee S. Shalov, Cary L. Talbot, Milberg, Weiss, Bershard & Lerach, LLP, New York City, Ralph M. Stone, Shalov, Stone & Bonner, LLP, New York City, for Plaintiffs' Co-Lead Counsel, Plaintiff.

Andrew Neil Friedman, Cohen, Milstein, Hausfeld & Toll, PLLC, Washington, DC, for Plaintiffs Liaison Counsel, Plaintiff.

Leslie Gordon Fagen, Lewis Farberman, Daniel J. Leffell, Paul Weiss, Rifkin, Wharton & Garrison, New York City, for Baan Company, NV, Defendant.

Saul Murray Pilchen, Andrew L. Sandler, Colleen Patricia Mahoney, Stephan Paul Vaughn, Andy Gene Rickman, Skadden, Arps, Slate, Meagher & Flom, LLP, Washington, DC, for Jan Baan, Defendant.

Leslie Gordon Fagen, Lewis Farberman, Daniel J. Leffell, Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for NM Klaas Wagenaar, Defendant.

Saul Murray Pilchen, Andrew L. Sandler, Colleen Patricia Mahony, Stephan Paul Vaughn, Andy Gene Rickman, Skadden, Arps, Slate, Meagher & Flom, LLP, Washington, DC, for JG Paul Baan, Defendant.

Leslie Gordon Fagen, Lewis Farberman, Daniel J. Leffell, Paul Weiss, Rifkind, Wharton & Garrison, New York City, for William 0. Grabe, David C. Hodgson, Amal M. Johnson, Defendants.

Robert James Symon, Frank Leone, Jr., Spriggs & Hollingsworth, Washington, DC, William K. Holmes, Melvin G. Moseley, Jr., Warner Norcross & Judd LLP, Grand Rapids, MI, for Vanenberg Ventures, BV, Defendant.

Scott William Muller, David, Polk & Wardwell, Washington, DC, for MCI Communications Corporation, Gerald H. Taylor, Timothy F. Price, Douglas L. Maine, Bert C. Roberts, Jr., David M. Case, Defendants.


MEMORANDUM OPINION

HUVELLE, District Judge.

This is a class action brought on behalf of all persons who purchased or otherwise acquired the securities of Baan Company ("Baan") between January 28, 1997 and October 12, 1998 (the "Class Period").1 Plaintiffs have alleged that defendants2 made materially false and misleading statements about Baan...

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