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Copper Mountain Summary: According to a Press Release dated December 24, 2001, the complaint alleges violations of Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. On or about May 12, 1999, Copper Mountain commenced an initial public offering of 4,000,000 of its shares of common stock at an offering price of $21 per share (the 'Copper Mountain IPO'). In connection therewith, Copper Mountain filed a registration statement, which incorporated a prospectus (the 'Prospectus'), with the SEC. The complaint further alleges that the Prospectus was materially false and misleading because it failed to disclose, among other things, that: (i) the Underwriter Defendants had solicited and received excessive and undisclosed commissions from certain investors in exchange for which the Underwriter Defendants allocated to those investors material portions of the restricted number of Copper Mountain shares issued in connection with the Copper Mountain IPO; and (ii) the Underwriter Defendants had entered into agreements with customers whereby the Underwriter Defendants agreed to allocate Copper Mountain shares to those customers in the Copper Mountain IPO in exchange for which the customers agreed to purchase additional Copper Mountain shares in the aftermarket at pre-determined prices.
INDUSTRY CLASSIFICATION:
SIC Code: 3661
Sector: Technology
Industry: Communications Equipment
| COMPANY/ISSUER NAME: | Copper Mountain Networks, Inc. |
| COMPANY/ISSUER TICKER: | CMTN |
| COMPANY WEBSITE: | http://www.coppermountain.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Unknown Plaintiff, et al. v Copper Mountain Networks, Inc., et al. | |||||||||||||||||
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REFERENCE COMPLAINT | |||||||||||||||||
| In Re Copper Mountain Networks, Inc. Initial Public Offering Securities Litigation | |||||||||||||||||
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| DOCUMENTS FOR THE REFERENCE COMPLAINT | |||
| Amended Class Action Complaint For Violations Of The Federal Securities Laws | |||
| Type: Complaint | Date on the document: 04/19/2002 | ||
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