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Spectrian Corporation Conclusion: According to the firm's 10-Q filing dated 11/02/2000, a final settlement has been reached by the parties. Pursuant to the Private Securities Litigation Reform Act, the federal court approved the settlement on October 20, 2000 and dismissed the federal action.
According to a Press Release dated 12/24/97, the complaint charges Spectrian and certain of its officers and directors with violations of the federal securities laws. Spectrian provides ultra-linear, high-power RF amplifiers to cellular infrastructure manufacturers. The complaint alleges that in a six-month period between May 1997 through October 1997, defendants caused Spectrian's stock price to increase from $12 per share to $64 per share, while Spectrian and its top insiders sold 2,358,882 shares of Spectrian stock at as high as $45 per share for proceeds of $101 million, as defendants told the market that the robust and growing demand for its products and successful relationships with Spectrian's two largest customers would lead to strong EPS growth in FY98 to $2.24-$2.45 and three-to-five year EPS growth for Spectrian of 20%-40%.
INDUSTRY CLASSIFICATION:
SIC Code: 3663
Sector: Technology
Industry: Communications Equipment
| COMPANY/ISSUER NAME: | Spectrian Corporation |
| COMPANY/ISSUER TICKER: | SPCT |
| COMPANY WEBSITE: | http://www.spectrian.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Warye, et al. v. Spectrian Corporation, et al. | |||||||||||||||||
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REFERENCE COMPLAINT | |||||||||||||||||
| In re Spectrian Corp. Securities Litigation | |||||||||||||||||
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| DOCUMENTS FOR THE REFERENCE COMPLAINT | |||
| U.S. District Court Civil Docket | |||
| Type: Docket | Date on the document: 11/13/2000 | ||
| OTHER DOCUMENTS | |||
| CIVIL DOCKET FOR CASE #: 98-CV-152 | |||
| Case Name and/or Number: Sharpe, et al v. Spectrian Corp, et al | |||
| Type: Docket | Date on the document 04/22/1999 | ||
| Litigants | |||
| Case Name and/or Number: Sharpe, et al v. Spectrian Corp, et al | |||
| Type: Other | Date on the document 04/22/1999 | ||
| CIVIL DOCKET FOR CASE #: 98-CV-918 | |||
| Case Name and/or Number: Ly v. Spectrian Corp., et al | |||
| Type: Docket | Date on the document 04/22/1999 | ||
| Litigants | |||
| Case Name and/or Number: Ly v. Spectrian Corp., et al | |||
| Type: Other | Date on the document 04/22/1999 | ||
| CIVIL DOCKET FOR CASE #: 98-CV-309 | |||
| Case Name and/or Number: Robertson, et al v. Spectrian Corp, et al | |||
| Type: Docket | Date on the document 04/22/1999 | ||
| Litigants | |||
| Case Name and/or Number: Robertson, et al v. Spectrian Corp, et al | |||
| Type: Other | Date on the document 04/22/1999 | ||
| CIVIL DOCKET FOR CASE #: 98-CV-396 | |||
| Case Name and/or Number: Copeland v. Spectrian Corp, et al | |||
| Type: Docket | Date on the document 04/22/1999 | ||
| Litigants | |||
| Case Name and/or Number: Copeland v. Spectrian Corp, et al | |||
| Type: Other | Date on the document 04/22/1999 | ||
| CIVIL DOCKET FOR CASE #: 98-CV-608 | |||
| Case Name and/or Number: John v. Spectrian Corp, et al | |||
| Type: Docket | Date on the document 04/22/1999 | ||
| Litigants | |||
| Case Name and/or Number: John v. Spectrian Corp, et al | |||
| Type: Other | Date on the document 04/22/1999 | ||
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