ORTON v. PARAMETRIC TECHNOLOGY CORP.

No. CIV.A.03-10290-WGY.

344 F.Supp.2d 290 (2004)

J. Robert ORTON, Mark E. Chorazy, Richard Burkhart, Sarunas Abraitis, and Roger E. Lawson, on behalf of themselves and others similarly situated, Plaintiffs, v. PARAMETRIC TECHNOLOGY CORPORATION, Steven C. Walske, C. Richard Harrison, Noel G. Posternak, and Edwin J. Gillis, Defendants.

United States District Court, D. Massachusetts.

November 3, 2004.


Attorney(s) appearing for the Case

Aaron Brody, Jules Brody, Stull, Stull & Brody, New York, NY, for Charles Edward Johnson, Consolidated Plaintiff.

Glen DeValerio, Berman DeValerio Pease Tabacco Burt & Pucillo, Boston, MA, for Daniel Helmick, Consolidated Plaintiff.

Ruth T. Dowling, Palmer & Dodge, LLP, Boston, MA, Henry B. Gutman, Simpson, Thacher & Bartlett, New York, NY, Kerry L. Konrad, Simpson, Thacher & Bartlett, New York, NY, Jason S. Stone, Simpson Thacher & Bartlett, New York, NY, for Parametric Technology Corporation, C. Richard Harrison, Edwin J. Gillis, Noel G. Posternak, Steven C. Walske, Defendants.

Nancy F. Gans, Moulton & Gans, PC, Boston, MA, for Laura Mendelsohn, Walter Miller, Orton Group, Charles Edward Johnson, Consolidated Plaintiffs.

Theodore M. Hess-Mahan, Shapiro Haber & Urmy LLP, Boston, MA, for Market Street Securities, Inc., The Abraitis, Milton Kelman, Elliot Mayerhoff, Solomon Moskovits, Consolidated Plaintiffs.

Justin S. Kudler, Schatz & Nobel, P.C., Hartford, CT, for Milton Kelman, Plaintiff.

John C. Martland, Martland & Brooks LLP, Saugus, MA, for Bruce W. Holway, Plaintiff.

Jeffrey Nobel, Schatz & Nobel, P.C., Hartford, CT, for Milton Kelman, Plaintiff.

David Pastor, Gilman and Pastor, LLP, Saugus, MA, for Bruce W. Holway, Plaintiff.

David A. Rosenfeld, Geller Rudman, PLLC, Melville, NY, Samuel H. Rudman, Geller Rudman, PLLC, Melville, NY, for Laura Mendelsohn, Walter Miller, Plaintiffs.

Steven G. Schulman, Milberg Weiss Bershad & Schulman LLP, New York, NY, Marc A. Topaz, Schiffrin & Barroway, LLP, Bala Cynwyd, PA, for Laura Mendelsohn, Walter Miller, Plaintiffs.

Andrew M. Schatz, Schatz & Nobel, P.C., Hartford, CT, for Milton Kelman, Plaintiff.

Thomas G. Shapiro, Shapiro Haber & Urmy LLP, Boston, for Paradise Wire & Cable Defined Benefit Pension Plan dated 10/1/85, Edward Ogden, Vinesh Saxene, Consolidated Plaintiffs.

Joesph Weiss, Weiss & Yourman, New York, NY, for Charles Edward Johnson, Consolidated Plaintiff.


MEMORANDUM AND ORDER

YOUNG, Chief Judge.

I. INTRODUCTION

This class action was brought by J. Robert Orton, Mark E. Chorazy, Richard Burkhart, Sarunas Abraitis, and Roger E. Lawson (collectively, the "Purchasers") against Parametric Technology Corporation ("Parametric") and Steven C. Walske, C. Richard Harrison, Noel G. Posternak, and Edwin J. Gillis (collectively, the "Individual Defendants") on behalf of purchasers of Parametric common...

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