In Re Autodesk, Inc. Securities Litigation

ORDER RE MOTION TO DISMISS

The motions of defendants Autodesk, Inc. Carol A. Bartz. Eric B. Herr, and Christine Tsingos (“the Autodesk defendants”) and U.S. Bancorp Piper Jaffray to dismiss the complaint for failure to state a claim came on for hearing on November 8, 2000, before this court, the Honorable Phyllis J. Hamilton presiding. Plaintiffs appeared by their counsel Jeffrey W. Lawrence and Michael R.R. Reese, the Auto-desk defendants appeared by their counsel Boris Feldman, and U.S. Bancorp Piper Jaffray appeared by its counsel William F. Alderman. Having read the parties’ papers and carefully considered their arguments and the relevant legal authority, and good cause appearing, the court hereby GRANTS the motions as follows for the reasons stated at the hearing.

BACKGROUND

This is a proposed class action alleging violation of the federal securities laws. Plaintiffs are individuals who purchased stock of defendant Autodesk, Inc. (“Auto-desk”) between September 14, 1998, and May 4, 1999 (“the class period”). During the class period, defendant Carol A. Bartz (“Bartz”) was the Chief Executive Officer and Chairman of the Board of Autodesk; defendant Eric B. Herr (“Herr”) was…