 | ||
|
| Home Annual/Quarterly Updates About Us
|
Robertson Stephens, Inc. : Redback Networks, Inc. Conclusion: According to the docket, on June 1, 2006, the Court entered the Order signed by U.S. District Judge Gerard E. Lynch closing the case. According to the Order, in light of the settlement in DeMarco v. Robertson Stephens, Inc. and Paul Johnson, 03-cv-590, approved by this Court on 2/23/2006, the Clerk of the Court is respectfully directed to close out the six related cases.
In July 2003, the Court ordered that this case be transferred to the U.S. District Court for the Southern District of New York and is considered a related to case to 03-CV-590, a similar case against Robertson Stephens regarding Corvis Corporation.
The Complaint charges that Robertson Stephens and its analyst Paul Johnson issued materially false and misleading public statements, research reports and "Buy" recommendations on Redback and praised the acquisition of Siara Systems, Inc. ("Siara") by Redback while failing to disclose that Johnson owned Siara stock and that the acquisition would result in a multimillion windfall for Johnson. The Complaint alleges that, based on defendants' recommendations and failure to disclose defendant Johnson's conflicts of interest, Redback securities sold at artificially inflated prices during the Class Period. As a result, Plaintiff and the rest of the Class purchased their Redback shares at prices that were artificially inflated and were damagedthereby.
INDUSTRY CLASSIFICATION:
SIC Code: 7389
Sector: Technology
Industry: Communications Equipment
| COMPANY/ISSUER NAME: | Redback Networks, Inc. |
| COMPANY/ISSUER TICKER: | RBAK |
| COMPANY WEBSITE: | http://www.redback.com/ |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Lacoste, et al. v. Robertson Stephens, Inc., et al. | |||||||||||||||||
| |||||||||||||||||
| OTHER DOCUMENTS | |||
| Notice Of Related Action | |||
| Case Name and/or Number: Smajlaj, et al. v. Redback Networks, Inc., et al. | |||
| Type: Notice | Date on the document: 06/24/2003 | ||
| Proof Of Service | |||
| Case Name and/or Number: Smajlaj, et al. v. Redback Networks, Inc., et al. | |||
| Type: Other | Date on the document: 06/24/2003 | ||
| U.S. District Court Civil Docket | |||
| Case Name and/or Number: Smajlaj, et al. v. Robertson Stephens, Inc., et al. | |||
| Type: Docket | Date on the document: 05/31/2006 | ||
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