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The Vantive Corporation Summary: On March 15, 2002, the United States Court of Appeals for the Ninth Circuit affirmed the decision of the district court which dismissed the suit without leave to amend. According to a LexisNexis overview, the "appeals court concluded that the complaint did not allege contemporaneous facts in sufficient detail and in a manner that would create a strong inference that the alleged adverse facts were known at the time of the challenged statements."
The original complaint charges that Vantive and certain of its officers and directors violated the federal securities laws by making numerous false and misleading statements about the Company's financial condition, artificially manipulating the price of the stock. When the truth was uncovered, the stock price fell dramatically. The complaint further alleges that, before the truth about defendants' illegal manipulations was revealed, Company insiders sold approximately 1.3 million of their own shares, reaping over $36 million in illegal, insider trading profits.
INDUSTRY CLASSIFICATION:
SIC Code: 7372
Sector: Technology
Industry: Software & Programming
| COMPANY/ISSUER NAME: | The Vantive Corporation |
| COMPANY/ISSUER TICKER: | VNTV |
| COMPANY WEBSITE: | http://www.vantive.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Webb, et al. v. The Vantive Corporation, et al. | |||||||||||||||||
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| DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT | |||
| Complaint for Violation of the Securities Exchange Act of 1934 | |||
| Type: Complaint | Date on the document: 07/06/1999 | ||
| CIVIL DOCKET FOR CASE #: 99-CV-3248 | |||
| Type: Docket | Date on the document: 07/29/1999 | ||
| Litigants | |||
| Type: Other | Date on the document: 07/29/1999 | ||
| REFERENCE COMPLAINT | |||||||||||||||||
| In Re: The Vantive Corporation Securities Litigation | |||||||||||||||||
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| DOCUMENTS FOR THE REFERENCE COMPLAINT | |||
| Notice of Motion and Motion to Dismiss First Consolidated Amended Complaint | |||
| Type: Complaint | Date on the document: 12/14/1999 | ||
| Summary of Argument and Evidence Regarding Defendants' Motion To Dismiss The First Amended Consolidated Complaint | |||
| Type: Other | Date on the document: 12/14/1999 | ||
| Order | |||
| Type: Order | Date on the document: 03/16/2000 | ||
| U.S. District Court Civil Docket | |||
| Type: Docket | Date on the document: 03/11/2003 | ||
| OTHER DOCUMENTS | |||
| Complaint for Violation of the Securities Exchange Act of 1934 | |||
| Case Name and/or Number: Park East, Inc. v. Vantive Corporation, et al. | |||
| Type: Complaint | Date on the document: 07/13/1999 | ||
| CIVIL DOCKET FOR CASE #: 99-CV-20658 | |||
| Case Name and/or Number: Rodes v. The Vantive Corporation, et al | |||
| Type: Docket | Date on the document: 08/04/1999 | ||
| CIVIL DOCKET FOR CASE #: 99-CV-3403 | |||
| Case Name and/or Number: Park East Inc. v. Vantive Corporation, et al | |||
| Type: Docket | Date on the document: 08/04/1999 | ||
| Litigants | |||
| Case Name and/or Number: Park East Inc. v. Vantive Corporation, et al | |||
| Type: Other | Date on the document: 08/04/1999 | ||
| Litigants | |||
| Case Name and/or Number: Rodes v. The Vantive Corp., et al | |||
| Type: Other | Date on the document: 08/04/1999 | ||
| First Amended Complaint for Violation of the Securities Exchange Act of 1934 | |||
| Case Name and/or Number: Park East, Inc. v. Vantive Corporation, et al. | |||
| Type: Complaint | Date on the document: 09/23/1999 | ||
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