Case Page

 

Case Status:    SETTLED
On or around 04/28/2005 (Date of order of final judgment)

Filing Date: July 25, 2002

On December 26, 2007, the Court entered the Mandate from the U.S. Court of Appeals for the Ninth Circuit. According to the Mandate, the judgment of the District Court is affirmed.

According to the latest docket posted, on April 28, 2005, the Court entered the final Judgment and Order of Dismissal signed by U.S. District Judge Phyllis J. Hamilton approving the settlement. On October 19, 2005, the Court issued an Order regarding motions for attorneys’ fees, and on November 18, 2005, a Notice of Appeal as to the Order was filed.

In a Press Release dated May 3, 2004, the Company announced an agreement in principle to settle all securities class action lawsuits pending against it, subject to court approval, and expects to pay the agreed upon $18.5 million settlement into an escrow fund in June 2004. The Company is continuing to negotiate with the insurance carriers on their reimbursement of this settlement.

The original Complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5). The action alleges that defendants issued a series of false and misleading statements concerning the Company's financial condition and sales. Specifically, defendants misled the investing community concerning the true effect that the downturn in telecom spending had upon the Company.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Hardware
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: RSTN
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 #: 02-CV-03581
JUDGE: Hon. Phyllis J. Hamilton
DATE FILED: 07/25/2002
CLASS PERIOD START: 08/20/2001
CLASS PERIOD END: 06/05/2002
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. Braun Law Group, P.C. (Former)
    12400 Wilshire Blvd., Suite 920, Braun Law Group, P.C. (Former), CA 90025
    888.658.7100 · info@braunlawgroup.com
  3. Green Welling LLP (San Francisco)
    235 Pine Street, 15th Floor, Green Welling LLP (San Francisco), CA 94104
    415.477.6700 415.477.6710 · gw@classcounsel.com
  4. Law Offices of Charles J. Piven, P.A.
    World Trade Center-Baltimore,401 East Pratt Suite 2525, Law Offices of Charles J. Piven, P.A., MD 21202
    410.332.0030 · pivenlaw@erols.com
  5. Law Offices of Marc S. Henzel (Lawrence)
    335 Central Avenue, Law Offices of Marc S. Henzel (Lawrence), NY 11559
    516.374.0707 516.295.3473 · securitiesfraud@comcast.net
  6. Mark McNair
    1919 Pennsylvania Avenue, NW, Suite 800, Mark McNair , DC 20006
    703.273.3070 · wmmcnair@justice4investors.com
  7. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  8. Stull, Stull & Brody (Los Angeles)
    10940 Wilshire Boulevard - Suite 2300, Stull, Stull & Brody (Los Angeles), CA 90024
    310.209.2468 ·
  9. 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
COURT: N.D. California
DOCKET #: 02-CV-03581
JUDGE: Hon. Phyllis J. Hamilton
DATE FILED: 01/15/2003
CLASS PERIOD START: 08/20/2001
CLASS PERIOD END: 06/05/2002
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Braun Law Group, P.C. (Former)
    12400 Wilshire Blvd., Suite 920, Braun Law Group, P.C. (Former), CA 90025
    888.658.7100 · info@braunlawgroup.com
  2. Green Welling LLP (San Francisco)
    235 Pine Street, 15th Floor, Green Welling LLP (San Francisco), CA 94104
    415.477.6700 415.477.6710 · gw@classcounsel.com
  3. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  4. Schiffrin Barroway Topaz & Kessler, LLP (Walnut Creek)
    2125 Oak Grove Road, Suite 120, Schiffrin Barroway Topaz & Kessler, LLP (Walnut Creek), CA 94598
    925.945.0200 925.945.8792 · info@sbtklaw.com
  5. Stull, Stull & Brody (Los Angeles)
    10940 Wilshire Boulevard - Suite 2300, Stull, Stull & Brody (Los Angeles), CA 90024
    310.209.2468 ·
  6. 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
No Document Title Filing Date