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Case Status:    DISMISSED    
On or around 02/02/1999 (Court's order of dismissal)

Filing Date: April 02, 1996

According to the docket, on February 2, 1999, the Court entered the Minutes on the Counsel’s Stipulation of Voluntary Dismissal without Prejudice. That same day, U.S. District Judge Vaughn R. Walker dismissed the action with prejudice.

The complaint charges SyQuest and certain of its officers and directors with violations of the Securities Exchange Act of 1934 by making misrepresentations about SyQuest's business, operations, new products, earnings growth and financial statements and SyQuest's ability to continue to achieve profitable growth.
The complaint alleges that by issuing these false and misleading statements,
defendants artificially inflated SyQuest's stock price to a Class Period high
of $19-5/8 in July-August 1995, allowing SyQuest's top insiders to sell 325,398 shares of their SyQuest stock at as high as $19 per share, for almost $4.9 million, before the true facts about SyQuest's troubled operations, diminished profitability, false financial statements and products failures were revealed and SyQuest's stock collapsed to as low as $4-7/8 per share.


Sector: Technology
Industry: Computer Storage Devices
Headquarters: United States


Ticker Symbol: SYQT
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 #: 96-CV-1224
JUDGE: Hon. Vaughn R. Walker
DATE FILED: 04/02/1996
CLASS PERIOD END: 02/01/1996
  1. Lawrence G. Soicher
    342 Madison Avenue, 18th Floor , Lawrence G. Soicher, NY 10173
    212/883.8000 ·
  2. 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 ·
  3. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 ·
No Document Title Filing Date
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