Case Page


Case Status:    SETTLED
On or around 09/05/2001 (Date of order of final judgment)

Filing Date: January 29, 1999

According to the docket dated March 11, 2003, on August 30, 2001, the Court entered the Order by U.S. District Judge William H. Alsup certifying the settlement class, approving the class settlement, and awarding fees and expenses. Further, on September 5, 2001, the Court entered in the Order and Final Judgment dismissing the case. Earlier, Judge Alsup issued the Order preliminarily approving the settlement on May 25, 2001.

On February 10, 2000, the defendants filed motions to dismiss the Consolidated Complaint, on which the Court entered an order a) dismissing all claims against certain Individual Defendants, without leave to amend; b) dismissing all claims relating to the time period prior to May 27, 1998; c) denying the motion to dismiss as to various forward-looking statements allegedly made by the Company between May 27, 1998 and January 28, 1999; and d) limiting the class period for which claims may be asserted to the same time period. A First Amended Complaint was filed on June 12, 2000.

The original Complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5) by, among other things, issuing false and misleading statements regarding PeopleSoft's 1996, 1997 and 1998 financial results. Specifically, the complaint alleges that defendants, directly and indirectly engaged in a plan and course of conduct, pursuant to which defendants knowingly or recklessly engaged in acts, transactions, practices, and courses of business that operated as a fraud and deceit upon plaintiff and the other members of the Class; made various untrue statements of material fact and omitted to state material facts necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; and employed devices and artifices to defraud in connection with the purchase and sale of securities, which were intended to, and, throughout the Class Period, did: (i) deceive the investing public, including plaintiff and other Class members, regarding, among other things, (a) the actual and expected revenues and profits of PeopleSoft, (b) the accuracy of PeopleSoft's financial statements issued during the Class Period; (ii) artificially inflate and maintain the market price of PeopleSoft securities; and (iii) cause plaintiff and other members of the Class to purchase PeopleSoft securities at artificially inflated prices.


Sector: Technology
Industry: Software & Programming
Headquarters: United States


Ticker Symbol: PSFT
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 #: 99-CV-00472
JUDGE: Hon. Martin J. Jenkins
DATE FILED: 01/29/1999
CLASS PERIOD END: 01/28/1999
  1. Abbey Gardy & Squiteri LLP (San Francisco)
    595 Market Street, Suite 2500, Abbey Gardy & Squiteri LLP (San Francisco), CA 94105
    415.538.3725 ·
  2. Faruqi & Faruqi LLP (New York) (former)
    320 East 39th Street, Faruqi & Faruqi LLP (New York) (former), NY 10016
    212.983.9330 212.983.9331 ·
No Document Title Filing Date
COURT: N.D. California
DOCKET #: 99-CV-00472
JUDGE: Hon. Martin J. Jenkins
DATE FILED: 12/06/1999
CLASS PERIOD END: 01/28/1999
  1. Barrack, Rodos & Bacine (San Diego - former)
    402 West Broadway , Barrack, Rodos & Bacine (San Diego - former), CA 92101
    619.230.0800 619.230.1874 ·
  2. Hagens Berman & Mitchell
    2425 East Camelback Road; Suite 620, Hagens Berman & Mitchell, AZ 85016
    602.840.5900. 602.840.3012 ·
  3. Kaplan Fox & Kilsheimer, LLP (former New York, NY)
    805 Third Avenue, 22nd Floor, Kaplan Fox & Kilsheimer, LLP (former New York, NY), NY 10022
    212.687.1980 212.687.7714 ·
  4. 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 ·
  5. Spector Roseman & Kodroff (San Diego)
    1818 Market Street, Suite 2500, Spector Roseman & Kodroff (San Diego), PA 19103
    215.496.0300 215.496.6611 ·
No Document Title Filing Date
No Document Title Filing Date