FMR Corporation : Micron Technology Inc. Stock

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Copyright (c) 2001
Stanford Law School

FMR Corporation : Micron Technology Inc. Stock Summary: In May 1997, the case was transferred to the U.S. District Court for the District of Massachusetts, MDL # 1157, by a Multidistrict Litigation Panel order.

According to the complaint, this lawsuit is brought by Plaintiff on behalf of itself and other investors who, during the period October 4, 1995 to November 30, 1995, were tricked, misled and injured when Jeffrey Vinik, portfolio manager of the FIDELITY MAGELLAN FUND, made certain public statements touting Micron Technology, Inc., a semiconductor manufacturing company, at the same time the FIDELITY MAGELLAN FUND was, at Vinik's direction, selling shares of Micron stock it owned. Vinik's statements temporarily and artificially inflated and/or temporarily and artificially sustained the market price of Micron Technology securities during the class period, thereby allowing the FIDELITY MAGELLAN FUND to sell its Micron Technology shares at a higher price than it otherwise could have.

INDUSTRY CLASSIFICATION:
SIC Code: 6411
Sector: Financial
Industry: Insurance (Miscellaneous)

COMPANY/ISSUER NAME:	FMR Corporation
COMPANY/ISSUER TICKER:
COMPANY WEBSITE:

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Wildlife-in-Need, Inc., et al. v. FMR Corporation, et al.

COURT: M.D. Florida	DOCKET NUMBER: 96-CV-1395
JUDGE NAME: Hon. Henry L. Adams, Jr.
DATE FILED: 07/17/1996	SOURCE: Other
CLASS PERIOD START: 10/04/1995	CLASS PERIOD END: 11/30/1995
TYPE OF COMPLAINT: Unamended/Unconsolidated
PLAINTIFF FIRMS IN THIS OR SIMILAR CASE:
Alpert, Barker & Rodems, P.A. P.O. Box 3270, Tampa, FL, 33601 (voice) 813.223.4131, (fax) , _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 1

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Docket
Type: Docket		Date on the document: 05/06/1997
Class Action Complaint Under The Private Securities Litigation Reform Act Of 1995 And Demand For Jury Trial
Type: Complaint		Date on the document: 08/03/1997

OTHER DOCUMENTS
U.S. District Court Civil Docket
Case Name and/or Number: Wildlife-In-Need, Inc., et al. v. FMR Corporation, et al.
Type: Docket		Date on the document: 02/10/1997
U.S. District Court Civil Docket
Case Name and/or Number: Stark, et al. v. FMR Corporation, et al.
Type: Docket		Date on the document: 10/30/1997
U.S. District Court Civil Docket
Case Name and/or Number: Friedlander, et al. v. FMR Corporation, et al.
Type: Docket		Date on the document: 11/09/1998
U.S. District Court Civil Docket
Case Name and/or Number: Wildlife-in-Need, Inc., et al. v. FMR Corporation, et al.
Type: Docket		Date on the document: 12/14/1999
U.S. District Court Civil Docket
Case Name and/or Number: Weisburgh, et al. v. Fidelity Magellan Fund, et al.
Type: Docket		Date on the document: 06/15/2000

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