In Re Storage Technology Corporation Securities Litigation
District Court, D. Colorado
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
BABCOCK, District Judge.
I. Background
Numerous purchasers .of Storage Technology Corporation (Storage Technology) securities filed 1934 Securities Exchange Act actions against Storage Technology and its principal directors and officers for securities fraud (collectively the securities action). In connection with these actions one of Storage Technology’s shareholders, Sally Felzen (Felzen), filed a derivative lawsuit against Storage Technology’s directors and some of its top officers for breach of fiduciary duty (the derivative action). I have consolidated these…
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