Legal Opinion
In Re Openwave Systems Securities Litigation
District Court, S.D. New York
Decided October 31, 2007No. 07 Civ. 1309(DLC)PublishedCited by 34 opinions
1Opinion of the Court
OPINION & ORDER
DENISE COTE, District Judge.
Plaintiff brings this action on behalf of a putative class of all persons or entities who purchased or acquired common stock in Openwave Systems, Inc. (“Openwave”), the self-proclaimed “leading provider of open software products and services for the communications industry,” during a class period that spanned from September 30, 2002 through October 26, 2006. Plaintiff alleges that Openwave’s stock price dropped dramatically as a result of the defendants’ seven-year-long stock options backdating scheme, which forced Open-wave to restate its…
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3Cited by34 opinions
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