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IN RE IBASIS, INC. DERIVATIVE LITIGATION

No. 06-12276-DPW.

532 F.Supp.2d 214 (2007)

In re IBASIS, INC. DERIVATIVE LITIGATION This Document Relates to All Actions.

United States District Court, D. Massachusetts.

December 4, 2007.

Attorney(s) appearing for the Case

Jeffrey P. Fink, Robbins Umeda & Fink, LLP, San Diego, CA, Terence K. Ankner, Peter C. Horstmann, The Law Offices of Partridge, Ankner & Horstmann, LLP, Boston, MA, for David Shutvet and Victor Malozi.

John Sylvia, Allison W, Phinney, III, Joseph P. Messina, Marguerite Elizabeth Gomperz, Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC, Boston, MA, for Ofer Gneezy, Gordon J. Vanderbrug, Richard G. Tennant, Charles Corfield, Charles M. Skibo, W. Frank King, David Lee, Robert H. Brumley, Daniel Price, John G. Henson, Jr., Michael J. Hughes, Charles Giambalvo, John Jarve, Charles M. Houser, Carl Redfield, Ibasis, Inc., and Paul H. Floyd.

Jonathan A. Shapiro, Sharon C. Simpson Jones, Timothy J. Perla, Wilmerhale LLP, Boston, MA, for Jonathan D. Draluck.

MEMORANDUM AND ORDER

DOUGLAS P. WOODLOCK, District Judge.

At issue in this litigation are allegations of grant date manipulation in the award of stock options to current and former directors and employees of iBasis, Inc. ("iBasis" or the "Company"). David Shutvet and Victor Malozi (the "Plaintiffs") are shareholders of Basis. Each filed a shareholder derivative action on behalf of the Company, and the actions were consolidated into a case against...

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