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Silicon Graphics, Inc. Summary: On July 2, 1999, the U.S. Court of Appeals for the Ninth Circuit upheld the dismissal that was appealed in May 1996. The lawsuit was dismissed with prejudice by the District Court in May 1996. The Company had been named as a defendant in a putative class action lawsuit entitled DEANNA BRODY, ET. AL. V. EDWARD R. MCCRACKEN, ET. AL., which was filed on January 29, 1996 in the U.S. District Court for the Northern District of California. Certain current and former executive officers and directors of the Company were also named as defendants. The plaintiffs purported to represent a class of all persons who purchased the Company's common stock between October 19 and December 29, 1995 (the 'Class' Period'). The complaint alleged that the defendants violated various federal securities laws and California statutes through material misrepresentations and omissions during the Class Period.
According to the complaint, this is a class action on behalf of purchasers of the stock of Silicon Graphics, Inc. ("Silicon Graphics" or the "Company") between October 19, 1995 and December 29, 1995 (the "Class Period"). This action complains of a fraudulent scheme and course of business that operated as a fraud or deceit on purchasers of Silicon Graphics stock due to defendants' false and misleading statements about Silicon Graphics, while using Silicon Graphics' cash to purchase approximately one million of its shares on the open market, which enabled Silicon Graphics' insiders to sell over 400,000 shares of their stock at artificially inflated prices, pocketing over $14 million for themselves, thus profiting from their scheme.
INDUSTRY CLASSIFICATION:
SIC Code: 3571
Sector: Technology
Industry: Computer Hardware
| COMPANY/ISSUER NAME: | Silicon Graphics, Inc. |
| COMPANY/ISSUER TICKER: | SGI |
| COMPANY WEBSITE: | http://www.sgi.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Brody, et al. v. Silicon Graphics, Inc., 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: 01/26/1996 | ||
| Memorandum of Points and Authorities in Support of Defendants' Motion To Dismiss the Securities Class Actions | |||
| Type: Other | Date on the document: 05/31/1996 | ||
| Memorandum Of Points And Authorities In Support Of Defendants' Motion To Dismiss The Securities Class Actions | |||
| Type: Other | Date on the document: 05/31/1996 | ||
| Plaintiffs' Memorandum of Points and Authorities in Opposition to Defendants' Motion To Dismiss the Securities Class Actions | |||
| Type: Other | Date on the document: 07/11/1996 | ||
| Reply Memorandum of Points and Authorities in Support of Defendants' Motion To Dismiss the Securities Class Actions | |||
| Type: Other | Date on the document: 07/31/1996 | ||
| Order Granting Motions To Dismiss Class Action and Derivative Complaints | |||
| Type: Order | Date on the document: 09/25/1996 | ||
| REFERENCE COMPLAINT | |||||||||||||||||
| In Re Silicon Graphics, Inc. Securities Litigation | |||||||||||||||||
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| OTHER DOCUMENTS | |||
| Litigants | |||
| Case Name and/or Number: Reiner, et al. v. McCracken, et al. | |||
| Type: Other | Date on the document: 02/20/1996 | ||
| CIVIL DOCKET FOR CASE #: 96-CV-1068 | |||
| Case Name and/or Number: Janas v. McCracken, et al | |||
| Type: Docket | Date on the document: 06/07/1997 | ||
| CIVIL DOCKET FOR CASE #: 96-CV-1111 | |||
| Case Name and/or Number: Krim, et al. v. McCracken, et al. | |||
| Type: Docket | Date on the document: 06/07/1997 | ||
| CIVIL DOCKET FOR CASE #: 96-CV-631 | |||
| Case Name and/or Number: Reiner, et al. v. McCracken, et al. | |||
| Type: Docket | Date on the document: 06/07/1997 | ||
| CIVIL DOCKET FOR CASE #: 96-CV-631 | |||
| Case Name and/or Number: Reiner, et al. v. McCracken, et al. | |||
| Type: Docket | Date on the document: 06/07/1997 | ||
| Litigants | |||
| Case Name and/or Number: Janas v. McCracken, et al. | |||
| Type: Other | Date on the document: 06/07/1997 | ||
| Litigants | |||
| Case Name and/or Number: Krim, et al. v. McCracken, et al. | |||
| Type: Other | Date on the document: 06/07/1997 | ||
| Brief of the Securities and Exchange Commission, Amicus Curiae | |||
| Case Name and/or Number: In Re Silicon Graphics, Inc. Securities Litigation | |||
| Type: Brief | Date on the document: 11/19/1997 | ||
| Brief of the Securities and Exchange Commission, Amicus Curiae | |||
| Case Name and/or Number: In Re Silicon Graphics, Inc. Securities Litigation | |||
| Type: Brief | Date on the document: 11/19/1997 | ||
| Brief of the American Electronics Association, Amicus Curiae | |||
| Case Name and/or Number: Brody, et al. v. McCracken, et al. | |||
| Type: Brief | Date on the document: 01/23/1999 | ||
| Amended Opinion | |||
| Case Name and/or Number: Brody, et al. v. McCracken, et al. | |||
| Type: Other | Date on the document: 08/04/1999 | ||
| Amended Concurring & Dissenting Opinion | |||
| Case Name and/or Number: Janas, et al. v. McCracken, et al. | |||
| Type: Other | Date on the document: 08/25/1999 | ||
| Opinion | |||
| Case Name and/or Number: Janas, et al. v. McCracken, et al. | |||
| Type: Other | Date on the document: 01/05/2000 | ||
| US Court of Appeals Docket | |||
| Case Name and/or Number: Janas, et al. v. McCracken, et al. | |||
| Type: Docket | Date on the document: 10/10/2000 | ||
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