Legal Opinion

In Re Microstrategy, Inc. Securities Litigation

District Court, E.D. Virginia

Decided July 24, 2001No. CIV. A. 00-473-APublishedCited by 6 opinions

1Opinion of the Court

MEMORANDUM OPINION

ELLIS, District Judge.

In this federal securities fraud class action, plaintiffs sued (i) MicroStrategy, Inc. (“MicroStrategy”), (ii) certain officers of MicroStrategy (“Individual Defendants”), and (iii) MicroStrategy’s auditor, Pricewat-erhouseCoopers (“PwC”). 1 Plaintiffs settled their claims against the MicroStrategy Defendants for a total consideration, payable wholly in notes, common stock, and warrants, of $100-135 million, depending on the market for the securities. That settlement has received Court approval. See In re MicroStrategy, Inc. Sec. Litig., 148 F.Supp.2d…

2Cases cited20 opinions

  1. Eisen v. Carlisle & JacquelinSupreme Court of the United States · 1974
  2. Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
  3. Evans v. Jeff D. Ex Rel. JohnsonSupreme Court of the United States · 1986
  4. Cotton v. HintonCourt of Appeals for the Fifth Circuit · 1977
  5. United States v. Arthur Young & Co.Supreme Court of the United States · 1984

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3Cited by6 opinions

  1. Turner v. Murphy Oil USA, Inc.District Court, E.D. Louisiana · 2007
  2. Decohen v. Abbasi, LLCDistrict Court, D. Maryland · 2014
  3. In Re Microstrategy, Inc. Securities LitigationDistrict Court, E.D. Virginia · 2001
  4. McDonough v. Toys "R" Us, Inc.District Court, E.D. Pennsylvania · 2015
  5. In re Genworth Financial Securities LitigationDistrict Court, E.D. Virginia · 2016

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