Case Page


Case Status:    DISMISSED    
On or around 07/25/1997 (Other)

Filing Date: July 17, 1996

In May 1997, the case was transferred to the U.S. District Court for the District of Massachusetts, MDL # 1157, by a Multidistrict Litigation Panel order.

According to the complaint, this lawsuit is brought by Plaintiff on behalf of itself and other investors who, during the period October 4, 1995 to November 30, 1995, were tricked, misled and injured when Jeffrey Vinik, portfolio manager of the FIDELITY MAGELLAN FUND, made certain public statements touting Micron Technology, Inc., a semiconductor manufacturing company, at the same time the FIDELITY MAGELLAN FUND was, at Vinik's direction, selling shares of Micron stock it owned. Vinik's statements temporarily and artificially inflated and/or temporarily and artificially sustained the market price of Micron Technology securities during the class period, thereby allowing the FIDELITY MAGELLAN FUND to sell its Micron Technology shares at a higher price than it otherwise could have.


Sector: Financial
Industry: Insurance (Miscellaneous)
Headquarters: United States


Ticker Symbol: MU
Company Market: New York SE
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: M.D. Florida
DOCKET #: 96-CV-1395
JUDGE: Hon. Henry L. Adams, Jr.
DATE FILED: 07/17/1996
CLASS PERIOD END: 11/30/1995
  1. Alpert, Barker & Rodems, P.A.
    P.O. Box 3270, Alpert, Barker & Rodems, P.A., FL 33601
    813.223.4131 ·
No Document Title Filing Date
No Document Title Filing Date