SyQuest Technology, Inc. - Securities Class Action

Company and Case Information

IMPORTANT INFORMATION | INDEX OF FILINGS | SEARCH

Home

Index of Filings

News and Press Releases

Filings

Decisions

Settlements

Litigation Activity Indices

Top Ten List

Annual/Quarterly Updates

Clearinghouse Research

Articles & Papers

Search

Related Sites

About Us

Local Rules

Sponsors

Register

_______________
Copyright (c) 2001
Stanford Law School

SyQuest Technology, Inc. Conclusion: According to the docket, on February 2, 1999, the Court entered the Minutes on the Counsel’s Stipulation of Voluntary Dismissal without Prejudice. That same day, U.S. District Judge Vaughn R. Walker dismissed the action with prejudice.

The complaint charges SyQuest and certain of its officers and directors with violations of the Securities Exchange Act of 1934 by making misrepresentations about SyQuest's business, operations, new products, earnings growth and financial statements and SyQuest's ability to continue to achieve profitable growth. The complaint alleges that by issuing these false and misleading statements, defendants artificially inflated SyQuest's stock price to a Class Period high of $19-5/8 in July-August 1995, allowing SyQuest's top insiders to sell 325,398 shares of their SyQuest stock at as high as $19 per share, for almost $4.9 million, before the true facts about SyQuest's troubled operations, diminished profitability, false financial statements and products failures were revealed and SyQuest's stock collapsed to as low as $4-7/8 per share.

INDUSTRY CLASSIFICATION:
SIC Code: 3572
Sector: Technology
Industry: Computer Storage Devices

COMPANY/ISSUER NAME:	SyQuest Technology, Inc.
COMPANY/ISSUER TICKER:	SYQT
COMPANY WEBSITE:	http://www.syquest.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Irving Ravens, et al. v. SyQuest Technology, Inc., et al.

COURT: N.D. California	DOCKET NUMBER: 96-CV-1224
JUDGE NAME: Judge Vaughn R. Walker
DATE FILED: 04/02/1996	SOURCE: Internet
CLASS PERIOD START: 10/21/1994	CLASS PERIOD END: 02/01/1996
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Lawrence G. Soicher 342 Madison Avenue, 18th Floor , New York, NY, 10173 (voice) 212/883.8000, (fax) , Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA) 600 West Broadway, 1800 One America Plaza, San Diego, CA, 92101 (voice) 800.449.4900, (fax) , support@milberg.com Schiffrin & Barroway LLP 3 Bala Plaza E, Bala Cynwyd, PA, 19004 (voice) 610.667.7706, (fax) 610.667.7056, info@sbclasslaw.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 3

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Class Action Complaint
Type: Complaint		Date on the document: 04/02/1996
Order Denying Without Prejudice Plaintiff's Motion To Be Appointed Lead
Type: Order		Date on the document: 01/07/1997
Order Denying Without Prejudice Plaintiff's Motion To Be Appointed Lead
Type: Order		Date on the document: 07/16/1997
U.S. District Court Civil Docket
Type: Docket		Date on the document: 08/29/1997
Order Dismissing Actions Without Prejudice
Type: Order		Date on the document: 01/29/1999
U.S. District Court Civil Docket
Type: Docket		Date on the document: 02/04/1999

OTHER DOCUMENTS
U.S. District Court Civil Docket
Case Name and/or Number: Warner Bros, et al, et al v. Ghadieh, et al
Type: Docket		Date on the document: 9/13/1996
U.S. District Court Civil Docket
Case Name and/or Number: Vito Bellezza, et al. v. Syed H. Iftikar, et al.
Type: Docket		Date on the document: 02/04/1999

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

�