Case Page

 

Case Status:    SETTLED
On or around 08/09/2000 (Date of order of final judgment)

Filing Date: October 17, 1996

According to the docket dated August 28, 2000, on November 10, 1997, the plaintiffs filed an Amended Complaint. A Stipulation of Settlement was filed on May 10, 2000. Judge Ronald M. Whyte preliminarily approved the settlement on May 17, 2000. On August 9, 2000, the Court entered the Final Judgment dismissing the action with prejudice as well as the Orders granting the approval of the plan of allocation and awarding counsel’s fees and expenses.

On September 11, 1997, the Court granted the Company's motion to
dismiss. The Court granted plaintiff leave to file, and plaintiff has filed, an amended complaint. The Company has moved to dismiss the amended complaint. There has been no discovery in the federal action, and no trial date has been set.

The complaint charges Digital Link and certain of its officers and directors with violations of the federal securities laws. Digital Link manufactures and markets high speed digital access products for wide area networks ("WANs"), purchased mostly by telephone companies. This action complains of a scheme and course of business that operated as a fraud or deceit on purchasers of Digital Link stock during the Class Period. Plaintiff alleges that defendants made false and misleading statements about the development of Digital Link's W/ATM GateWay and PremisWay products, the strong international and domestic demand for and market acceptance of its products, and Digital Link's prospects for earnings growth.

COMPANY INFORMATION:

Sector: Services
Industry: Communications Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: DLNK
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. California
DOCKET #: 96-CV-20867
JUDGE: Hon. Ronald M. Whyte
DATE FILED: 10/17/1996
CLASS PERIOD START: 09/12/1994
CLASS PERIOD END: 12/29/1995
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Milberg Weiss Bershad Hynes & Lerach LLP (S.F., CA)
    100 Pine Street - Suite 2600, Milberg Weiss Bershad Hynes & Lerach LLP (S.F., CA), CA 94111
    415.288.4545 415.288.4534 ·
  2. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
  3. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
No Document Title Filing Date
COURT: N.D. California
DOCKET #: 96-CV-20867
JUDGE: Hon. Ronald M. Whyte
DATE FILED: 11/10/1997
CLASS PERIOD START: 09/12/1994
CLASS PERIOD END: 12/29/1995
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Milberg Weiss Bershad Hynes & Lerach LLP (S.F., CA)
    100 Pine Street - Suite 2600, Milberg Weiss Bershad Hynes & Lerach LLP (S.F., CA), CA 94111
    415.288.4545 415.288.4534 ·
  2. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
  3. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
No Document Title Filing Date
No Document Title Filing Date