According to the docket, on May 24, 2000, the Court entered the Order and Judgment by Senior Judge Spencer Williams dismissing case with prejudice. The plaintiff soon after filed a Notice of Appeal and on June 4, 2001, the Court entered the certified copy of the US Court of Appeals Order affirming the decision of the District Court.
Earlier, on May 6, 1997, Senior Judge Spencer Williams granting motion
to dismiss first amended complaint without leave to amend. The Plaintiffs filed a Notice of Appeal on June 3, 1997, and, on January 3, 2000, the Court entered the Judgment from the USCA remanding the matter back to the District Court.
On February 23, 1996, a class action lawsuit was filed in the United
States District Court for the Northern District of California, San Francisco
Division, naming Firefox and certain of its officers and directors as
defendants. The lawsuit alleges that the defendants misrepresented or failed to
disclose material facts about Firefox's operations and financial results, which
the plaintiffs contend resulted in an artificial inflation of the price of the
Firefox Common Stock. The suit is purportedly brought on behalf of a class of
purchasers of the Firefox Common Stock during the period from August 3, 1995 to
January 2, 1996. The complaint alleges claims for violations of Section 10(b)
and 20(a) of the Exchange Act. Specifically, the complaint alleges that each of
the defendants knew or had access to allegedly material adverse non-public
information about Firefox's financial results and business conditions which
allegedly was not disclosed and participated in drafting, reviewing and/or
approving alleged misleading statements, releases, reports and other public
representations of and about Firefox.