Case Page

 

Case Status:    DISMISSED    
On or around 07/17/2000 (Other)

Filing Date: November 05, 1997

According to the Company’s FORM 10-Q For The Quarterly Period Ended June 30, 2000, on January 28, 2000, the court dismissed the complaint with prejudice. Plaintiffs appealed the dismissal. However, the plaintiff decided not to pursue the appeal and the appeal was dismissed on July 6, 2000. The District Court's judgment in favor of the Company, therefore, is final.

As previously reported by the Company’s FORM 10-Q For The Quarterly Period Ended June 30, 1999, on November 5, 1997, an action entitled Dalarne Partners, Ltd. Vs. Sync Research, Inc., et al., No. SACV97-877 AHS(Eex) was filed against the Company and certain of its directors and officers. The action was filed in the U.S. District Court for the Central District of California, Southern Division. The action purported to be a class action lawsuit brought on behalf of purchasers of the Company's common stock during the period from November 18, 1996 through March 20, 1997. The complaint asserted claims for violation of the Securities Exchange Act of 1934. On February 17, 1999, the U.S. District Court issued an order granting the Company's motion to dismiss the first amended complaint, granting leave to amend. The plaintiffs filed a second amended complaint on March 22, 1999. The Company and the other defendants have moved to dismiss the second amended complaint; which currently is scheduled for hearing on September 13, 1999.

The original Complaint charges Sync and certain of its officers and directors with violations of federal securities laws. Plaintiff complains of Sync's fraudulent scheme and deceptive course of business that injured purchasers of Sync stock during the Class Period. This case involves defendants' material omissions and their dissemination of materially false and misleading statements regarding the demand for and market acceptance of Sync's products, the strength of its technologies and its competitiveness and the trends in its business.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Peripherals
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SYNX
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: C.D. California
DOCKET #: 97-CV-877
JUDGE: Hon. Alicemarie H. Stotler
DATE FILED: 11/05/1997
CLASS PERIOD START: 11/18/1996
CLASS PERIOD END: 03/20/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Brager & Wexler
    900 Third Avenue, 12th Floor, Brager & Wexler, NY 10022
    212.308.5858 ·
  2. Kirby McInerney & Squire LLP
    830 Third Avenue 10th Floor, Kirby McInerney & Squire LLP, NY 10022
    212.317.2300 ·
  3. Lionel Z. Glancy
    1801 Avenue of the Stars Suite 308, Lionel Z. Glancy, CA 90067
    310.201.9150 ·
No Document Title Filing Date
COURT: C.D. California
DOCKET #: 97-CV-877
JUDGE: Hon. Alicemarie H. Stotler
DATE FILED: 03/22/1999
CLASS PERIOD START: 11/18/1996
CLASS PERIOD END: 03/20/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Brager & Wexler
    900 Third Avenue, 12th Floor, Brager & Wexler, NY 10022
    212.308.5858 ·
  2. Kaufman Malchman Kirby & Squire, LLP
    919 Third Ave 11th Flr, Kaufman Malchman Kirby & Squire, LLP, NY 10022
    212.371.6600 ·
  3. Kirby McInerney & Squire LLP
    830 Third Avenue 10th Floor, Kirby McInerney & Squire LLP, NY 10022
    212.317.2300 ·
  4. Lionel Z. Glancy
    1801 Avenue of the Stars Suite 308, Lionel Z. Glancy, CA 90067
    310.201.9150 ·
No Document Title Filing Date