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Case Status:    DISMISSED    
On or around 09/11/2002 (Date of order of final judgment)

Filing Date: April 17, 2001

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.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: BVSN
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 #: 01-CV-01969
JUDGE: Hon. Patricia V. Trumbull
DATE FILED: 04/17/2001
CLASS PERIOD START: 01/26/2001
CLASS PERIOD END: 04/02/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Beatie & Osborne LLP
    599 Lexington Avenue, 42nd Floor, Beatie & Osborne LLP, NY 10022
    212.888.9000 212.888.9664 ·
  2. Cauley, Geller, Bowman, Coates & Rudman LLP (San Diego, CA)
    225 Broadway, Suite 1900, Cauley, Geller, Bowman, Coates & Rudman LLP (San Diego, CA), CA 92010
    619.702.7350 619.702.7351 ·
  3. Kirby McInerney & Squire LLP
    830 Third Avenue 10th Floor, Kirby McInerney & Squire LLP, NY 10022
    212.317.2300 ·
  4. 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 · support@milberg.com
  5. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
  6. Weiss & Yourman (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Yourman (New York, NY), NY 10126
    212.682.3025 212.682.3010 · info@wyca.com
No Document Title Filing Date
COURT: N.D. California
DOCKET #: 01-CV-01969
JUDGE: Hon. Patricia V. Trumbull
DATE FILED: 03/27/2002
CLASS PERIOD START: 01/26/2001
CLASS PERIOD END: 04/02/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Weiss & Yourman (Los Angeles, CA)
    10940 Wilshire Blvd - 24th Floor, Weiss & Yourman (Los Angeles, CA), CA 90024
    310.208.2800 310.209.2348 · info@wyca.com
No Document Title Filing Date
No Document Title Filing Date