Brumbaugh v. Wave Systems Corp.
District Court, D. Massachusetts
1Opinion of the Court
MEMORANDUM AND ORDER REGARDING DEFENDANTS’ MOTION TO DISMISS
(Docket No. 58)
PONSOR, District Judge.
I. INTRODUCTION
This is a class action brought by Plaintiffs on behalf of all persons who acquired the common stock of Wave Systems Corporation (“Wave” or “the Company”) between July 31, 2003 and December 18, 2003, allegedly misled by nine misrepresentations that violated Sections 10(b) and 20(a) of the Securities and Exchange Act of 1934 and Rule lOb-5. 1 Defendants are Wave, its President and Chief Executive Officer, Steven K. Sprague, and its Senior Vice President, Chief Financial Officer and…
2Cases cited44 opinions
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- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
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