Legal Opinion

In Re iBasis, Inc. Derivative Litigation

District Court, D. Massachusetts

Decided December 4, 2007No. 06-12276-DPWPublishedCited by 7 opinions

1Opinion of the Court

MEMORANDUM AND ORDER

DOUGLAS P. WOODLOCK, District Judge.

At issue in this litigation are allegations of grant date manipulation in the award of stock options to current and former directors and employees of iBasis, Inc. (“iBasis” or the “Company”). David Shut-vet and Victor Malozi (the “Plaintiffs”) are shareholders of iBasis. Each filed a shareholder derivative action on behalf of the Company, and the actions were consolidated into a case against twenty of the Company’s current and former directors and officers (the “Defendants”). The Plaintiffs allege violations of Section 14(a) of the…

2Cases cited17 opinions

  1. Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
  2. Alexander v. SandovalSupreme Court of the United States · 2001
  3. Valerie Watterson v. Eileen PageCourt of Appeals for the First Circuit · 1993
  4. Lampf, Pleva, Lipkind, Prupis & Petigrow v. GilbertsonSupreme Court of the United States · 1991
  5. Rodriguez-Bruno v. Doral MortgageCourt of Appeals for the First Circuit · 1995

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3Cited by7 opinions

  1. In Re Digimarc Corp. Derivative LitigationCourt of Appeals for the Ninth Circuit · 2008
  2. Diaz v. DavisCourt of Appeals for the Ninth Circuit · 2008
  3. Goldenson v. SteffensDistrict Court, D. Maine · 2011
  4. In Re Ibasis, Inc. Derivative Litigation. This Document Relates to All ActionsDistrict Court, D. Massachusetts · 2008
  5. Abrams v. Ciba Specialty Chemicals Corp.District Court, S.D. Alabama · 2009

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