Pacheco v. Cambridge Technology Partners (Massachusetts), Inc.
District Court, D. Massachusetts
1Opinion of the Court
MEMORANDUM AND ORDER
YOUNG, Chief Judge.
I. Introduction
This case arises out of a stock for stock merger (the “Merger”) between Cambridge Technology Partners (Massachusetts), Inc. (“Cambridge”) and Excell Data Corporation (“Excell”), which closed on August 31, 1998 (the “Closing Date”). After a post-closing drop in the price of Cambridge stock, certain former Excell shareholders, including the plaintiff Leonard J. Pacheco (collectively, “Pacheco”) sued, asserting claims against Cambridge for violation of Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) and for breach of…
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