In re Bearingpoint, Inc. Securities Litigation
District Court, E.D. Virginia
1Opinion of the Court
MEMORANDUM OPINION
ELLIS, District Judge.
An important issue, appropriately addressed early in this securities fraud action, is whether the alleged class of plaintiffs merits certification pursuant to Rule 23, Fed. R.Civ.P. For the reasons that follow, class certification is warranted.
I
On April 20, 2005, BearingPoint, a global provider of strategic consulting and systems integration services that was formerly part of KPMG, announced to the investing public that it expected to take a goodwill impairment charge of between $250 million to $400 million, and that its prior financial statements for…
2Cases cited29 opinions
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