Greenberg v. Compuware Corp.

OPINION AND ORDER

FEIKENS, District Judge.

I. Introduction

Plaintiff, who seeks to represent all those who purchased the eommon stock of-Defendant, Compuware Corporation, during the period of September 22, 1994 through October 24, 1994 (“the Class Period”), comes before this court alleging violations of § 10(b) 1 and § 20(a) 2 of the Securities Exchange Act of 1934 (“the SEA”) and common law fraud. The impetus for the suit is the 21 percent drop in price that Compuware’s stock allegedly experienced on October 25, 1994 3 , one day after the company announced its operating results for the second…