In re Computer Memories Litigation

ORDER GRANTING MOTIONS FOR CLASS CERTIFICATION

LYNCH, District Judge.

I. Introduction

This case involves a consolidation of lawsuits arising out of the August 23, 1983 public offering of approximately 2,000,000 shares of common stock in Computer Memories, Inc. (“CMI”). The named plaintiffs in this action are Howard Fine, David M. Director, Mary Ann Director and Steven Abbey. Named as defendants are (1) CMI and certain of its present and former directors and officers; (2) a customer and principal shareholder of CMI, Intel Corporation, and one of Intel’s vice-presidents, Lawrence Hootnick, who is…