IN RE LERNOUT & HAUSPIE SECURITIES LITIGATION

No. CIV.A.00-11589-PBS, No. CIV.A.02-10302-PBS, No. CIV.A.02-10303-PBS, No. CIV.A.02-10304-PBS.

337 F.Supp.2d 298 (2004)

In re LERNOUT & HAUSPIE SECURITIES LITIGATION Gary B. Filler, et al., v. Jo Lernout, et al. Stonington Partners, Inc., et al., v. Carl L. Dammekens, et al., Paul G. Bamberg, et al., v. Jo Lernout, et al., Janet Baker, et al., v. KPMG LLP, et al.

United States District Court, D. Massachusetts.

September 8, 2004.


Attorney(s) appearing for the Case

Amy Beth Abbott, Kirkpatrick & Lockhart, LLP, Boston, MA, for SG Cowen Securities Corporation, Defendant.

Vincent M. Amoroso, Posternak, Blankstein & Lund, Boston, MA, for KPMG Belgium, Paul Behets, Consolidated Defendants.

Jennifer Ancona Semko, Baker & McKenzie, Washington, DC, for Mercator & Noordstar NV, Consolidated Defendant.

Bruce A. Baird, Covington & Burling, Washington, DC, for Microsoft Corporation, Defendant.

Jeffrey Barist, Milbank, Tweed, Hadley & McCloy, New York City, for Milbank, Tweed, Hadley & McCloy LLP, Interested Party.

Jeffrey C Block, Berman DeValerio Pease Tabacco Burt & Pucillo, Boston, MA, for Gabriel, Inc. Pension and Profit Sharing Plan, Anthony Drummond, Attilio Po, Daniel J. Perrington, Gary C. Downey, Hans A. Quaak, Karl Leibinger, Larry A. Rosenmann, Lee Herskowitz, Matthias Weis, Samer M. Ali, Stephen N. Maskaleris, Steven Roskin, Class Plaintiffs, All Plaintiffs, Plaintiffs.

James P. Bonner, Shalov Stone & Bonner, New York City, for Sandra Balan, Plaintiff.

Curtis L. Bowman, Cauley Geller Bowman & Coates, LLP, Little Rock, AR, for Sandra Balan, Plaintiff.

David H. Braff, Sullivan & Cromwell, New York City, for KPMG UK, Consolidated Defendant.

Jasmeet Kaur Caberwal, Kirkpatrick & Lockhart LLP, New York City, for SG Cowen Securities Corporation, Defendant.

Michael P. Carroll, Davis, Polk & Wardwell, New York City, for KPMG LLP, Defendant.

Gene Cauley, Cauley & Geller LLP, Little Rock, AR, for Hans A. Quaak, Consolidated Plaintiff.

Steven E. Canley, Cauley Geller Bowman & Coates, Little Rock, AR, for Attilio Po, Karl Leibinger, Sandra Balan, Plaintiffs.

Donald Chase, Morrison Cohen Singer & Weinstein, LLP, New York City, for L & H Investment Company N.V., Nico Willaert, Pol Hauspie, Defendants.

Andre K. Cizmarik, Solomon Zauderer, Ellenhorn Frischer etal, New York City, for Paul Behets, Consolidated Defendant.

Robert M. Cohen, Cohen & Fierman, LLP, Boston, MA, for Mercator & Noordstar NV, Consolidated Defendant.

Gus P. Coldebella, Goodwin Procter, LLP, Boston, MA, for Jo Lernout, Consolidated Defendant.

Michael A. Collora, Dwyer & Collora, LLP, Boston, MA, for L & H Investment Company N.V., Defendant.

Michael P. Connolly, Murtha Cullina LLP, Boston, MA, for Ellen Spooren, Defendant.

Nicholas W.C. Corson, Hogan & Hartson, LLP, New York City, for KPMG Belgium, Consolidated Defendant.

Rachelle L. DeGregory, Morrison Cohen Singer & Weinstein, LLP, New York City, for L & H Investment Company N.V., Nico Willaert, Defendants.

Glen DeValerio, Berman DeValerio Pease Tabacco Burt & Pucillo, Boston, MA, for Sandra Balan, Gabriel, Inc. Pension and Profit Sharing Plan, Anthony Drummond, Attilio Po, Daniel J. Perrington, Gary C. Downey, Hans A. Quaak, Karl Leibinger, Larry A. Rosenmann, Lee Herskowitz, Matthias Weis, Samer M. Ali, Stephen N. Maskaleris, Steven Roskin, Consolidated Plaintiffs.

Michael D. Donovan, Donovan Searles, LLC, Philadelphia, PA, for Anthony Drummond, Consolidated Plaintiff.

Alicia M. Duff, Bernstein, Litowitz, Berger & Grossmann LLP., San Diego, CA, for Attilio Po, Daniel J. Perrington, Hans A. Quaak, Karl Leibinger, Stephen N. Maskaleris, Consolidated Plaintiffs.

Thomas L. Earp, Earp Cohn P.C., Westmont, NJ, for Anthony Drummond, Consolidated Plaintiff.

Theodore Edelman, Sullivan & Cromwell, for KPMG UK, Consolidated Defendant.

Patrick T. Egan, Berman DeValerio Pease Tabacco Burt & Pucillo, Boston, MA, for All Plaintiffs, Class Plaintiffs, Sandra Balan, Plaintiffs.

David N. Ellenhorn, Proskauer Rose LLP, New York City, for Paul Behets, Consolidated Defendant.

Thomas W. Evans, Cohen & Fierman, LLP, Boston, MA, for Mercator & Noordstar NV, Consolidated Defendant.

Anthony M. Feeherry, Goodwin Procter, LLP, Boston, for Jo Lernout, Consolidated Defendant.

William Fenrich, Davis Polk & Wardwell, New York City, for KPMG LLP, Defendant.

Janet B. Fierman, Cohen & Fierman, LP, Boston, MA, for Mercator & Noordstar NV, Consolidated Defendant.

Marvin L. Frank, Murray, Frank & Sailer, New York City, for Sandra Balan, Plaintiff.

Robert P. Frutkin, Office of Bernard M. Gross, PC, Philadelphia, PA, for Irene Godfrey, Marguerite J. Cammann, Martin E. Kofman, Michael Wytanis, Stephen N. Maskaleris, Sylvia B. Piven, Thomas H. Bown, II, Consolidated Plaintiffs.

Iris Gafni-Kane, Davis Polk & Wardwell, New York City, for KPMG LLP, Defendant.

Thomas J. Gallitano, Conn, Kavanaugh, Rosenthal, Peisch & Ford, LLP, Boston, MA, for Dirk Cauwelier, Marc DePauw, Defendants.

Paul J. Geller, Cauley Geller Bowman & Rudman LLP, Boca Raton, FL, for Attilio Po, Hans A. Quaak, Karl Leibinger, Matthias Weis, Consolidated Plaintiffs.

Victoria Milda Genys, Kirkpatrick & Lockhart, Boston, MA, for SG Cowen Securities Corporation, Defendant.

Edward P. Gilbert, for Nico Willaert, Pol Hauspie, Defendants.

John A.D. Gilmore, Piper Rudnick LLP, Boston, for Bernard Vergnes, Consolidated Defendant.

Teresa A. Gonsalves, Solomon, Zauderer Ellenhorn, Frischer & Sharp, New York City, for Paul Behets, Consolidated Defendant.

Andrew Good, Good & Cormier, Boston, MA, for Louis H. Verbeke, Defendant.

Philip L. Graham, Jr., Sullivan & Cromwell, New York City, for KPMG UK, Consolidated Defendant.

Bernard M. Gross, Law Offices of Bernard M. Gross, P.C., Philadelphia, PA, for Marguerite J. Cammann, Consolidated Plaintiff.

Deborah R. Gross, Law Office of Bernard M. Gross, PC, Philadelphia, PA, for Marguerite J. Cammann, Consolidated Plaintiff.

Jonathan I. Handler, Day, Berry & Howard LLP, Boston, for Microsoft Corporation, Defendant.

Bradley A. Harsch, Sullivan & Cromwell, New York City, for KPMG UK, Consolidated Defendant.

Douglas W. Henkin, Milbank, Tweed, Hadley & McCloy, New York City, for Milbank, Tweed, Hadley & McCloy LLP, Interested Party.

Michael L. Hirschfeld, Milbank, Tweed, Hadley & McCloy, New York City, for Milbank, Tweed, Hadley & McCloy LLP, Interested Party.

Tara J. Holubar, Dickstein Shapiro Morin & Oshinsky, LLP, Washington, DC, for Ellen Spooren, Defendant.

William D. Iverson, Covington & Burling, Washington, DC, for Microsoft Corporation, Defendant.

Gordon M. Jones, Nixon Peabody, LLP, Boston, for Pol Hauspie, Defendant.

Robert J. Kaler, Gadsby & Hannah LLP, MA, for Flanders Language Valley Fund N.V., Consolidated Defendant.

David C. Katz, Weiss & Yourman, New York City, for Gerhard Heitmann, Interested Party.

Emily F. Klineman, Ropes & Gray LLP, Boston, MA, for KPMG UK, Consolidated Defendant.

Sean C. Knowles, Davis, Polk & Wardwell, New York City, for KPMG LLP, Defendant.

Michael G. Lange, Berman DeValerio Pease Tabacco Burt & Pucillo, Boston, MA, for Sandra Balan, Gabriel, Inc. Pension and Profit Sharing Plan, Anthony Drummond, Attilio Po, Daniel J. Perrington, Gary C. Downey, Hans A. Quaak, Karl Leibinger, Larry A. Rosenmann, Lee Herskowitz, Matthias Weis, Samer M. Ali, Stephen N. Maskaleris, Steven Roskin, Consolidated Plaintiffs.

Kevin J. Lesinski, Seyfarth Shaw, LLP, Boston, MA, for KPMG LLP, Defendant.

Jason A. Levine, Covington & Burling, Washington, DC, for Microsoft Corporation, Defendant.

Richard A. Lockridge, Lockridge, Grindal, Nauen & Holstein, Minneapolis, MN, for Matthias Weis, Consolidated Plaintiff.

Erik Lund, Posternak, Blankstein & Lund, Boston, MA, for KPMG Belgium, Paul Behets, Consolidated Defendants.

Ellen D. Marcus, Debevoise & Plimpton, Washington, DC, for Dirk Cauwelier, Fernand Cloet, Gerard VanAcker, Hubert Detremmerie, Jan Coene, Marc DePauw, Defendants.

Michael T. Matraia, Berman DeValerio Pease Tabacco Burt & Pucillo, Boston, for Class Plaintiffs, Plaintiff.

Amy M. McNamer, Zuckerman Spaeder LLP, Washington, DC, for Louis H. Verbeke, Defendant.

Douglas H. Meal, Ropes & Gray LLP, Boston, MA, for KPMG UK, Consolidated Defendant.

Arneld P. Messing, Choate, Hall & Stewart, Boston, MA, for KPMG LLP, Defendant.

John B. Missing, Debevoise & Plimpton, Washington, DC, for Dirk Cauwelier, Fernand Cloet, Gerard VanAcker, Hubert Detremmerie, Jan Coene, Marc DePauw, Defendants.

Julian J. Moore, Davis Polk & Wardwell, New York City, for KPMG LLP, Defendant.

William R. Moorman, Craig & Macauley, P.C., Boston, MA, for Gaston Bastiaens, Defendant.

Megan Elizabeth Murray, Kirkpatrick & Lockhart LLP, New York City, for SG Cowen Securities Corporation, Defendant.

Kirsten M. Nelson, Piper Rudnick LLP, Boston, MA, for Bernard Vergnes, Consolidated Defendant.

Eric Neyman, Gadsby & Hannah LLP, Boston, for Flanders Language Valley Fund N.V., Consolidated Defendant.

Diem-Suong T. Nguyen, Davis Polk & Wardwell, New York City, for KPMG LLP, Defendant.

Gerald A. Novack, Kirkpatrick & Lockhart, New York City, for SG Cowen Securities Corporation, Defendant.

David M. Osborne, Dwyer & Collora, LLP, Boston, MA, for L & H Investment Company N.V., Defendant.

Brian E. Pastuszenski, Testa, Hurwitz & Thibeault, LLP, Boston, for Francis Vanderhoydonck, Consolidated Defendant.

David A. Piedra, Morrison Cohen Singer & Weinstein, LLP, New York City, for L & H Investment Company N.V., Pol Hauspie, Defendants.

Barbara A. Podell, Savett, Frutkin, Podell & Ryan, P.C., Philadelphia, PA, for Thomas H. Bown, II, Consolidated Plaintiff.

John W. Polk, Baker & McKenzie, Washington, DC, for Mercator & Noordstar NV, Consolidated Defendant.

John A. Redmon, Hogan & Hartson, LLP, New York City, for KPMG Belgium, Consolidated Defendant.

Kenneth A. Ricken, Shalov Stone & Bonner, New York City, for Hans A. Quaak, Consolidated Plaintiff.

Christopher F. Robertson, Seyfarth Shaw, LLP, Boston, MA, for Francis Vanderhoydonck, Consolidated Defendant.

Patrick L. Rocco, Shalov, Stone & Bonner, New York City, for Hans A. Quaak, Karl Leibinger, Consolidated Plaintiffs.

Lisa J. Rodriguez, Rodriguez & Richards, LLC, Haddonfield, NJ, for Anthony Drummond, Consolidated Plaintiff.

Frank Rozzano, Dickstein Shapiro Morin & Oshinsky, LLP, Washington, DC, for Ellen Spooren, Defendant.

Steven M. Salky, Zuckerman Spaeder LLP, Washington, DC, for Louis H. Verbeke, Defendant.

George A. Salter, Hogan & Hartson, LLP, New York City, for KPMG Belgium, Consolidated Defendant.

Reshma M. Saujani, Davis Polk & Wardwell, New York City, for KPMG LLP, Defendant.

Sherrie R. Savett, Berger & Montague, P.C., Philadelphia, PA, for Gerhard Heitmann, Interested Party.

Stuart H. Savett, Savett Frutkin Podell & Ryan, PC, Philadelphia, PA, for Thomas H. Bown, II, Consolidated Plaintiff.

Paul W. Schmidt, Covington & Burling, Washington, DC, for Microsoft Corporation, Defendant.

David A. Searles, Donovan Searles, LLC, Philadelphia, PA, for Anthony Drummond, Consolidated Plaintiff.

Lee S. Shalov, Shalov Stone & Bonner LLP, New York City, for Hans A. Quaak, Karl Leibinger, Consolidated Plaintiff.

Sara Jane Shanahan, Griesinger, Tighe & Maffei, LLP, Boston, for Alex Vieux, Consolidated Defendant.

Jonathan Shapiro, Stern, Shapiro, Weissberg & Garin, Boston, for Gerhard Heitmann, Interested Party.

Thomas G. Shapiro, Shapiro Haber & Urmy LLP, Boston, MA, for Thomas H. Bown, II, Consolidated Plaintiff.

Robert P. Sherman, Nixon Peabody LLP (BOS), Boston, for Pol Hauspie, Defendant.

William Shields, Day, Berry & Howard, Boston, MA, for Microsoft Corporation, Defendant.

Michael L. Simes, Davis Polk & Wardwell, New York City, for KPMG LLP, Defendant.

Louis M. Solomon, Proskauer Rose LLP, New York City, for Paul Behets, Consolidated Defendant.

Jay R. Speyer, Morrison Cohen Singer & Weinstein, LLP, New York City, for Nico Willaert, Pol Hauspie, Defendants.

Nicole Robbins Starr, Berman DeValerio Pease Tobacco Burt & Pucillo, Boston, MA, for Class Plaintiffs, Plaintiff.

Amy Stoken-Dunn, Davis Polk & Wardwell, New York City, for KPMG LLP, Defendant.

Michael J. Stone, Peabody & Arnold LLP, Boston, for KPMG Belgium, Paul Behets, Consolidated Defendants.

Ralph M. Stone, Shalov Stone & Bonner LLP, New York City, for Hans A. Quaak, Karl Leibinger, Consolidated Plaintiffs.

Jennifer A. Sullivan, Shalov Stone & Bonner, LLP, New York City, for Class Plaintiffs, Plaintiff.

Herbert Thomas, Debevoise & Plimpton, Washington, DC, for Dirk Cauwelier, Fernand Cloet, Gerard VanAcker, Hubert Detremmerie, Jan Coene, Marc DePauw, Defendants.

Daniel P. Tighe, Griesinger, Tighe & Maffei, LLP, Boston, for Alex Vieux, Consolidated Defendant.

W. Todd Ver Weire, Cauley Geller Bowman & Coates, LLP, Little Rock, AR, for Sandra Balan, Plaintiff.

Stephen Wald, Craig & Macauley, P.C., Boston, MA, for Gaston Bastiaens, Defendant.

Sarah E. Walters, Nutter, McClennen & Fish, LLP, Boston, MA, for Jo Lernout, Consolidated Defendant.

Peter D. Weinstein, Morrison Cohen Singer & Weinstein, LLP, New York City, for L & H Investment Company N.V., Defendant.

Joseph H. Weiss, Weiss & Yourman, New York City, for Gerhard Heitmann, Interested Party.

Franklin R. Weissberg, Morrison Cohen Singer & Weisstein, LLP, New York City, for L & H Investment Company N.V., Defendant.

Stephanie G. Wheeler, Sullivan & Cromwell, New York City, for KPMG UK, Consolidated Defendant.

Roger E Zuckerman, Zuckerman Spaeder LLP, Washington, DC, for Louis H. Verbeke, Defendant.

Jack I. Zwick, Weiss & Yourman, New York City, for Gerhard Heitmann, Interested Party.


ORDER

SARIS, District Judge.

Order entered adopting Report and Recommendation re: Motion to Dismiss filed by Flanders Language Valley Fund N.V. Action on motion: denied. "After a review of the objections, I adopt the well-reasoned Report and Recommendation."

REPORT AND RECOMMENDATION ON DEFENDANT FLANDERS LANGUAGE VALLEY FUND C.V.A.'S MOTION TO DISMISS (# 199 in 00-CV-11589, # 108 IN...

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