According to the most recent docket posted on the site, on June 24, 2002 and January 22, 2003, the Ninth Circuit Court of Appeals dismissed three, separate appeals with prejudice filed previously by Plaintiffs, defendant Splash Technology and certain Individual Defendants, and the third filed by one Individual Defendant and Radius Inc.

On August 29, 2001, the Court entered two Orders by U.S. District Judge Saundra B. Armstrong granting motions by defendants to dismiss the second amended complaint with prejudice. Three Notice of Appeals were then filed by the Plaintiffs and the Defendants.

The original complaint charges Splash, certain of its officers and directors, its lead underwriters, two venture capital firms and Radius, Inc. with violations of the Securities Exchange Act of 1934. The complaint alleges that in order to inflate the price of Splash stock, while concealing the adverse conditions which Defendants knew were already impacting Splash's business, Defendants falsely represented that demand for all of Splash's products was strong, Splash occupied a unique market position characterized by accelerating market demand, Splash's financial results were indicative of continued strong product demand, there was very strong demand for Splash print servers in Asia, Splash's growth rate would be fueled beyond the industry's growth rate of 35% and Splash could grow revenue and earnings 35%-50% with substantial upside as it gains market share.