 | ||
|
| Home Annual/Quarterly Updates About Us
|
Rational Software Corporation Conclusion: According to the latest docket posted, on May 5, 2000, a Second Amended Consolidated Complaint was filed against the remaining defendants, and on August 8, 2000, the defendants responded by filing a motion to dismiss the Second Amended Complaint. On October 30, 2000, the Court entered the Order by Judge Jeremy Fogel granting motion to dismiss Second Amended Complaint. Judgment dismissing the case was entered on October 31, 2000. On November 22, 2000, the plaintiffs filed a notice of appeal, and on June 3, 2002, the Court entered the copy of the judgment from the U.S. Court of Appeals affirming the decision of the District Court.
As previously reported by the Company’s FORM 10-K For the Fiscal Year Ended March 31, 2000, the following actions have been filed against the Company, its officer, Cowen & Company and a Cowen analyst. The action, In re Rational Software Securities Litigation, No. 21001-JF (N.D. Cal. May 26, 1998) is a consolidated action supplanting prior complaints filed against defendants. The actions are putative shareholder class action lawsuits. The complaint alleges that defendants violated Sections 10(b) and 20A of the Securities Exchange Act of 1934 through the selective disclosure of material inside information regarding the Company's prospects and seek damages on behalf of a class of shareholders who purchased the Company's Common Stock on October 8, 1997. Plaintiffs have dismissed the Complaint as against the Company and its officer.
The original Complaint charges Rational, certain of its officers, and Cowen & Company, Inc. ("Cowen"), with violations of federal securities laws. Plaintiff complains of Rational's dissemination of material inside information regarding Rational's business prospects on a selective and discriminatory basis. Plaintiff contends that Rational provided material inside information to Cowen during the course of the day of October 8, 1997, permitting Cowen to inform its institutional clients and let them dump shares of Rational prior to full and proper disclosure of such information on a widespread basis to the investing public. Only after the market closed did Rational inform the investing public of the downward forecast of the Company's prospects.
Several similar, purported class action complaints were filed in the U.S. District Courts for the Eastern District of New York and Eastern District of Virginia. Those complaints have been transferred to the U.S. District Court for the District of Massachusetts and have subsequently been consolidated with the lead case.
INDUSTRY CLASSIFICATION:
SIC Code: 7372
Sector: Technology
Industry: Software & Programming
| COMPANY/ISSUER NAME: | Rational Software Corporation |
| COMPANY/ISSUER TICKER: | RATL |
| COMPANY WEBSITE: | http://www.rational.com/ |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Randall, et al., v. Rational Software Corporation, et al. | |||||||||||||||||
| |||||||||||||||||
| DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT | |||
| Class Action Complaint for Violations of the Federal Securities Laws | |||
| Type: Complaint | Date on the document: 10/10/1997 | ||
| REFERENCE COMPLAINT | |||||||||||||||||
| In Re: Rational Software Corporation Securities Litigation | |||||||||||||||||
| |||||||||||||||||
| DOCUMENTS FOR THE REFERENCE COMPLAINT | |||
| Rational Defendants' Notice of Motion and Motion To Dismiss; Supporting Memorandum of Points and Authorities | |||
| Type: Motion | Date on the document: 06/29/1998 | ||
| Reply Memorandum of Points and Authorities in Support of Rational Defendants' Motion To Dismiss | |||
| Type: Motion | Date on the document: 09/14/1998 | ||
| Order Granting Defendants' Motions To Dismiss and Dismissing Consolidated Complaint With Leave To Amend | |||
| Type: Motion | Date on the document: 10/05/1998 | ||
| Order Granting in Part and Denying in Part Plaintiffs' Motion for Limited Discovery Complaint With Leave To Amend | |||
| Type: Order | Date on the document: 12/04/1998 | ||
| CIVIL DOCKET FOR CASE #: 97-CV-21001 | |||
| Type: Docket | Date on the document: 03/16/1999 | ||
| Litigants | |||
| Type: Other | Date on the document: 03/16/1999 | ||
| U.S. District Court Civil Docket | |||
| Type: Docket | Date on the document: 06/03/2002 | ||
| OTHER DOCUMENTS | |||
| Class Action Complaint for Violations of the Federal Securities Laws | |||
| Case Name and/or Number: Sachs, et al. v. Rational Software Corporation, et al. | |||
| Type: Complaint | Date on the document: 10/21/1997 | ||
| Class Action Complaint for Violations of the Federal Securities Laws | |||
| Case Name and/or Number: Kalapa, et al. v. Rational Software Corporation, et al. | |||
| Type: Complaint | Date on the document: 11/07/1997 | ||
| Class Action Complaint for Violations of the Federal Securities Laws | |||
| Case Name and/or Number: Weiner, et al. v. Rational Software Corporation, et al. | |||
| Type: Complaint | Date on the document: 12/08/1997 | ||
| CIVIL DOCKET FOR CASE #: 97-CV-2081 | |||
| Case Name and/or Number: Lynch, et al. v. Rational Software Corporation, et al. | |||
| Type: Docket | Date on the document: 02/24/1998 | ||
| CIVIL DOCKET FOR CASE #: 98-CV-20588 | |||
| Case Name and/or Number: Dolnick, et al. v. Rational Software Corporation, et al. | |||
| Type: Docket | Date on the document: 06/05/1998 | ||
| Litigants | |||
| Case Name and/or Number: Dolnick, et al. v. Rational Software Corporation, et al. | |||
| Type: Other | Date on the document: 06/05/1998 | ||
| CIVIL DOCKET FOR CASE #: 97-CV-21079 | |||
| Case Name and/or Number: Kalapa, et al. v. Rational Software Corporation, et al. | |||
| Type: Docket | Date on the document: 06/16/1998 | ||
| Litigants | |||
| Case Name and/or Number: Kalapa v. Rational Software Corp., et al | |||
| Type: Other | Date on the document: 06/16/1998 | ||
| CIVIL DOCKET FOR CASE #: 98-CV-20563 | |||
| Case Name and/or Number: Sieger, et al. v. Rational Software Corporation, et al. | |||
| Type: Docket | Date on the document: 07/30/1998 | ||
| Litigants | |||
| Case Name and/or Number: Sieger, et al. v. Rational Software Corporation, et al. | |||
| Type: Other | Date on the document: 07/30/1998 | ||
| CIVIL DOCKET FOR CASE #: 97-CV-21086 | |||
| Case Name and/or Number: Weiner, et al. v. Rational Software Corporation, et al. | |||
| Type: Docket | Date on the document: 10/15/1998 | ||
| Litigants | |||
| Case Name and/or Number: Weiner, et al. v. Rational Software Corporation, et al. | |||
| Type: Other | Date on the document: 10/15/1998 | ||
| CIVIL DOCKET FOR CASE #: 97-CV-21000 | |||
| Case Name and/or Number: Sachs, et al., v. Rational Software Corporation, et al. | |||
| Type: Docket | Date on the document: 10/16/1998 | ||
| Litigants | |||
| Case Name and/or Number: Sachs v. Rational Software, et al | |||
| Type: Other | Date on the document: 10/16/1998 | ||
| Petition for Writ of Mandamus Enforcing the Stay Provisions of the Private Securities Litigation Reform Act of 1995 | |||
| Case Name and/or Number: Randall, et al. v. Rational Software Corporation, et al. | |||
| Type: Other | Date on the document: 12/18/1998 | ||
| Reply Memorandum in Support of Petition for Writ of Mandamus Enforcing the Stay Provisions of the Private Securities Litigation Reform Act of 1995 | |||
| Case Name and/or Number: Randall, et al., v. Rational Software Corporation, et al. | |||
| Type: Other | Date on the document: 03/18/1999 | ||
| CIVIL DOCKET FOR CASE #: 98-CV-20314 | |||
| Case Name and/or Number: Lynch, et al. v. Rational Software Corporation, et al. | |||
| Type: Docket | Date on the document: 03/25/1999 | ||
| Litigants | |||
| Case Name and/or Number: Lynch, et al. v. Rational Software Corporation, et al. | |||
| Type: Other | Date on the document: 03/25/1999 | ||
| Opinion [granting defendants' Petition for Writ of Mandamus vacating the district court's order for limited discovery] | |||
| Case Name and/or Number: Randall, et al., v. Rational Software Corporation, et al. | |||
| Type: Other | Date on the document: 08/30/1999 | ||
| U.S. District Court Civil Docket | |||
| Case Name and/or Number: Sachs, et al., v. Rational Software Corporation, et al. | |||
| Type: Complaint | Date on the document: 03/08/2001 | ||
WARNING AND DISCLAIMER OF LIABILITY:
The information included on this Web site, whether provided by personnel employed by Stanford Law School or by third parties, is provided for research and teaching purposes only. Neither Stanford University, Stanford Law School, nor any of their employees, agents, contractors, or affiliates warrant the accuracy or completeness of the information or analyses displayed herein, and we caution all readers that inclusion of any information on this site does not constitute an endorsement of the truthfulness or accuracy of that information. In particular, this Web site contains complaints and other documents filed in federal and state courts, which make allegations that may or may not be accurate. No reader should, on the basis of information contained in or referenced by this Web site, assume that any of these allegations are truthful.
Go to Search page | Go to Case Index page | Back to Top