According to the docket, on May 9, 2002, the Defendants filed a motion to dismiss the second amended complaint. On September 11, 2002, the Court entered the Order by U.S. District Judge Charles R. Breyer granting the motion to dismiss. The case is closed.

The original complaint charges BroadVision and certain of its officers and directors with violations of the Securities Exchange Act of 1934. BroadVision develops, markets and supports application software solutions designed for one-to-one relationship management across extended enterprises. The complaint alleges that by late 2000, BroadVision's stock price had declined significantly due to reduced demand for its products and slowing sales. By the time BroadVision reported its results for the 4thQ 2000 on 1/25/01, BroadVision's CEO and CFO were aware that the Company was suffering from a horrendous combination of declining demand and out of control expenses. They also knew BroadVision's new version of its One-to-One Enterprise product (Version 6.0), due to be released in the 1stQ 2001, did not meet most of the specifications of J2EE standards, which would reduce demand for this new product and further impact BroadVision's future results. The complaint further alleges that defendants knew these conditions would severely impair BroadVision's future revenue growth and impair their ability to make future stock sales and extract future bonuses that were tied to the Company's performance. Thus, defendants continued to make positive but false statements about BroadVision's business and future revenues when reporting BroadVision's 4thQ 2000 results.