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Case Status:    SETTLED
On or around 10/06/2009 (Date of order of final judgment)

Filing Date: December 06, 2001

Other actions have been filed making similar allegations regarding the IPOs of more than 300 other companies. All of these have been coordinated for pretrial purposes as In re Initial Public Offering Securities Litigation, Civil Action No. 21-MC-92.

According to a Press Release dated 12/06/2001, the action claims Radware and certain of its officers violated the US federal securities laws by
issuing and selling Radware common stock pursuant to Radware's IPO
and a secondary offering without disclosing to investors that several
of the underwriters of the Radware IPO had received excessive and
undisclosed commissions from certain investors. The complaint alleges that in exchange for the excessive commissions, the underwriters allocated shares to certain investors at the IPO price of $18 per share. In order to purchase the shares at $18, the underwriters' customers had to agree to purchase further shares in the aftermarket at progressively higher prices. The
practice, known in Wall Street as "laddering," drove Radware's share
price up to artificially high levels, giving both the underwriters
and their customers enormous profits. During the first day of trading
alone the share price rose as high as $49 from the $18 IPO price. In
early trading yesterday Radware was at $11.18, 49.6% lower compared
to the year earlier. The underwriters involved include Salomon Smith Barney, Inc., US Bancorp Piper Jaffray, Inc., Bank of America Corporation (Banc of America Securities LLC), FleetBoston Robertson Stephens, Inc., The Goldman Sachs Group, Inc. and SunTrust Capital Markets, Inc. (SunTrust Robinson Humphrey Capital Markets).

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Hardware
Headquarters: Israel

SECURITIES INFORMATION:

Ticker Symbol: RDWR
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: S.D. New York
DOCKET #: 01-CV-10898
JUDGE: Hon. Shira A. Scheindlin
DATE FILED: 12/06/2001
CLASS PERIOD START: 09/29/1999
CLASS PERIOD END: 12/06/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Lovell Stewart Halebian LLP (former New York)
    500 Fifth Avenue, Lovell Stewart Halebian LLP (former New York), NY 10110
    212.608.1900 212.719.4677 · info@lshllp.com
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 01-CV-10898
JUDGE: Hon. Shira A. Scheindlin
DATE FILED: 04/19/2002
CLASS PERIOD START: 09/30/1999
CLASS PERIOD END: 12/06/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Liebhard & Lifshitz, LLP (New York)
    10 E. 40th Street, 22nd Floor, Bernstein Liebhard & Lifshitz, LLP (New York), NY 10016
    800.217.1522 · info@bernlieb.com
  2. Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)
    One Pennsylvania Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY), NY 10119-1065
    212.594.5300 ·
  3. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  4. Sirota & Sirota LLP
    110 Wall Street 21st Floor, Sirota & Sirota LLP, NY 10005
    888.759.2990 212.425.9093 · Info@SirotaLaw.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. Wolf Haldenstein Adler Freeman & Herz LLP (New York)
    270 Madison Avenue, Wolf Haldenstein Adler Freeman & Herz LLP (New York), NY 10016
    212.545.4600 212.686.0114 · newyork@whafh.com
No Document Title Filing Date