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TCSI Corporation
Conclusion: On 10/21/1999, the court entered the Final Judgment & Order by Judge Saundra B. Armstrong dismissing action with prejudice.
According to the firm's 10-Q filing dated 8/16/1999, on May 5, 1999, the Company announced that it reached a preliminary settlement of the Copperstone State Action and the Copperstone Federal Action. The settlement involves payment of an amount comprised of proceeds from the Company's Director and Officer insurance policies. Neither the Company nor the individuals involves in the lawsuit contributed to the settlement of the actions. According to the firm's 10-Q, the settlement did not have a material effect on TCSI's financial position or on its financial results of operations.
The complaint in the Copperstone Federal Action contains virtually identical factual allegations as the Copperstone State Action, and alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5. Specifically, the original complaint alleges that defendants artificially inflated TCSI's stock to as high as $29-3/4 per share based on representations that TCSI was enjoying very strong demand for its products that was generating large contracts, resulting in TCSI achieving substantial sequential revenue and earnings gains, which would continue throughout 1996 and 1997. On April 20, 1998, the Court ordered plaintiffs to certify a class.
INDUSTRY CLASSIFICATION:
SIC Code: 7373
Sector: Technology
Industry: Computer Networks
|
COMPANY/ISSUER NAME: |
TCSI Corporation |
| COMPANY/ISSUER TICKER: |
TCSI |
| COMPANY WEBSITE: |
http://www.tcsi.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE |
| Copperstone v. TCSI |
| COURT: N.D. California | DOCKET NUMBER: 97-CV-3495 |
| JUDGE NAME: Judge Saundra Brown Armstrong |
| DATE FILED: 09/24/1997 | SOURCE: Business Wires | | CLASS PERIOD START: 10/11/1995 | CLASS PERIOD END: 09/26/1996 | | TYPE OF COMPLAINT: Unamended/Unconsolidated | | PLAINTIFF FIRMS IN THIS OR SIMILAR CASE: |
James V. Bashian
500 Fifth Ave Ste 2800, New York, NY, 10110
(voice) , (fax) ,
Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
600 West Broadway, 1800 One America Plaza, San Diego, CA, 92101
(voice) 800.449.4900, (fax) , support@milberg.com
Wolf Popper, LLP
845 Third Avenue, New York, NY, 10022-6689Ave
(voice) 877.370.7703, (fax) 212.486.2093, IRRep@wolfpopper.com
_____________________________________________
TOTAL NUMBER OF PLAINTIFF FIRMS: 3 | |
| DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT | | Complaint for Violation of the Securities Exchange Act of 1934 | | Type: Complaint | Date on the document: 09/24/1997 | | Declaration Of David R. Stickney In Support Of Plaintiffs' Motion For Appointment Of Lead Plaintiffs And Approval Of Plaintiffs' Selection Of Lead Counsel | | Type: Declaration | Date on the document: 11/24/1997 | | Plaintiffs' Notice Of Motion, Motion For Appointment Of Lead Plaintiffs And Approval Of Plaintiffs' Selection Of Co-Lead Counsel | | Type: Notice | Date on the document: 11/24/1997 | | Declaration Of Christine A. Kendrick In Support Of Motion To Dismiss | | Type: Declaration | Date on the document: 01/15/1998 | | Defendant Harish S. Rao's Notice Of Motion And Motion To Dismiss | | Type: Notice | Date on the document: 01/15/1998 | | Notice Of Motion And Motion To Dismiss | | Type: Notice | Date on the document: 01/15/1998 | | Proof Of Service | | Type: Other | Date on the document: 01/15/1998 | | [Proposed] Order Granting Motion To Dismiss With Prejudice | | Type: Order | Date on the document: 01/15/1998 | | Declaration Of Jeffrey W. Lawrence In Support Of Plaintiffs' Consolidated Opposition To Defendants' Motions To Dismiss Plaintiffs' Complaint For Violation Of The Securities Exchange Act Of 1934 | | Type: Declaration | Date on the document: 02/20/1998 | | Plaintiffs' Consolidated Opposition To Defendants' Motions To Dismiss Plaintiffs' Complaint For Violation Of The Securities Exchange Act Of 1934 | | Type: Other | Date on the document: 02/20/1998 | | Plaintiffs' Objection To Consideration Of Defendants' 1996 And 1997 Proxy Statements And Plaintiffs' Counter-Motion To Strike Exhibits K And L To The Declaration Of Christine A. Kendrick | | Type: Other | Date on the document: 02/20/1998 | | Defendants' Memorandum Supporting Class Certification Before Adjudication Of The Motion To Dismiss | | Type: Other | Date on the document: 03/02/1998 | | Plaintiffs' Statement In Support Of Deferring Class Certification Until After Resolution Of Defendants' Motions To Dismiss | | Type: Other | Date on the document: 03/02/1998 | | Proof Of Service | | Type: Other | Date on the document: 03/02/1998 | | Notice Of Entry | | Type: Notice | Date on the document: 03/06/1998 | | Declaration Of Christine A. Kendrick In Support Of Motion To Dismiss | | Type: Declaration | Date on the document: 03/20/1998 | | Defendant Harish S. Rao's (1) Reply Memorandum In Support Of Motion To Dismiss Plaintiffs' Complaint And (2) Opposition To Plaintiffs' Counter-Motion To Strike Exhibits K And L | | Type: Other | Date on the document: 03/20/1998 | | Proof Of Service | | Type: Other | Date on the document: 03/20/1998 | | Reply Memorandum Of Defendants In Support Of Their Request For Judicial Notice And Opposition To Plaintiffs' Counter-Motion To Strike | | Type: Other | Date on the document: 03/20/1998 | | Reply Memorandum Of Law In Support Of Motion To Dismiss The Complaint By Defendants TCSI Corp., Strauch, Miller, Bolger, Banin, Hasler, Messerschmitt, And Farmer | | Type: Other | Date on the document: 03/20/1998 | | Notice Of Entry | | Type: Notice | Date on the document: 04/23/1998 | | Notice Of Pendency Of Class Action | | Type: Notice | Date on the document: 05/11/1998 | | [Proposed] Order Regarding Class Notice Procedures | | Type: Order | Date on the document: 05/11/1998 | | Summary Notice Of Pendency Of Class Action | | Type: Notice | Date on the document: 05/11/1998 | | Notice Of Entry Of Order Regarding Class Notice Procedures | | Type: Notice | Date on the document: 06/16/1998 | | Notice Of Entry Of Order Scheduling Hearing | | Type: Notice | Date on the document: 06/16/1998 | | Notice Of Entry Of Order Continuing Hearing | | Type: Notice | Date on the document: 07/22/1998 | | Statement Of Recent Decisions In Support Of Motion To Dismiss The Class Action Complaint | | Type: Other | Date on the document: 09/28/1998 | | Statement Of Recent Decisions In Support Of Motion To Dismiss The Class Action Complaint, By Defendants TCSI Corporation, Strauch, Miller, Bolger, Banin, Hasler, Messerschmitt, And Farmer | | Type: Other | Date on the document: 09/28/1998 | | Plaintiffs' Statement Of Recent Decisions In Further Support Of Plaintiffs' Opposition To Defendants' Motion To Dismiss | | Type: Other | Date on the document: 10/14/1998 | | Plaintiffs' Supplemental Submission of Authority in Opposition to Defendants' Motion To Dismiss | | Type: Other | Date on the document: 11/18/1998 | | Supplemental Statement Of Recent Decisions In Support Of Motion To Dismiss The Class Action Complaint, And Response To Plaintiffs' Supplemental Argument Regarding The Uniform Standards Act | | Type: Other | Date on the document: 01/11/1999 | | Order Granting Defendants' Motion to Dismiss | | Type: Order | Date on the document: 01/19/1999 | | Declaration of David R. Stickney in Support of Motion for Order Staying This Action | | Type: Declaration | Date on the document: 02/23/1999 | | Notice Of Motion And Motion For Order Staying This Action; Memorandum Of Points And Authorities In Support Of Motion | | Type: Notice | Date on the document: 02/23/1999 | | Plaintiffs' Memorandum of Points and Authorities in Opposition to Defendant Harvey Wagner's Counter-Motion for Involuntary Dismissal | | Type: Other | Date on the document: 04/13/1999 | | Plaintiffs' Memorandum of Points and Authorities in Reply to Defendants' Opposition to Motion for Order Staying This Action | | Type: Other | Date on the document: 04/13/1999 | | Second Declaration of David R. Stickney in Further Support of Motion for Order Staying This Action and Opposition to Counter-Motion for Involuntary Dismissal | | Type: Declaration | Date on the document: 04/13/1999 | | Response To Request Of Van Broek To Appear By Telephone, Or To Adjourn Hearing Date, By Defendants Tcsi Corporation, Strauch, Miller, Bolger, Banin, Hasler, Messerschmitt, And Farmer | | Type: Other | Date on the document: 10/19/1999 | | U.S. District Court Civil Docket | | Type: Docket | Date on the document: 10/21/1999 | | U.S. District Court Civil Docket | | Type: Docket | Date on the document: 10/26/1999 |
| OTHER DOCUMENTS | | |
| Case Name and/or Number: |
| Type: | Date on the document: |
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