Case Page

 

Case Status:    DISMISSED    
On or around 01/13/2006 (Other)

Filing Date: October 08, 2002

On January 13, 2006, the Court entered the Mandate from the U.S. Court of Appeals for the First Circuit. The District Court's judgment is affirmed.

On August 25, 2003, a Consolidated Amended Class Action Complaint was filed, and the defendants responded by filing motions to dismiss the Consolidated Amended Class Action Complaint. On April 1, 2005, the Court entered the Memorandum and Order by U.S. District Judge George A. O'Toole Jr. granting the motions to dismiss the Consolidated Amended Class Action Complaint with prejudice. The plaintiff then filed a Notice of Appeal.

On August 19, 2003, the Court entered the Stipulation and Order transferring the New York Action to the District of Massachusetts. According to the Order, the Clerk of the Court for the SDNY shall transfer the complete files in each of the cases consolidated as In re Credit Suisse First Boston Corp. Agilent Technologies, Inc. Analyst Reports Securities Litigation, 02-CV-8676 (SDNY) (RCC) to the USDC for the District of Massachusetts.

The original complaint alleges that the defendants violated section 10(b) of the Securities Exchange Act, and Rule 10b-5 promulgated thereunder, by issuing favorable research reports on Agilent that were materially false or misleading by failing to disclose conflicts of interest of Credit Suisse, and in particular the practice of Credit Suisse to gain lucrative investment banking business in part by providing coverage and issuing favorable research reports on prospective investment banking
customers. According to news reports, an investigation conducted by the
Secretary of the Commonwealth of Massachusetts uncovered "very
troubling" internal Credit Suisse materials that "suggest . . . a
pattern of breach of fiduciary duty" and which appear to have "treated
investors like suckers". One internal Credit Suisse document discusses
the "Agilent two-step", in which Credit Suisse issued favorable reports
on Agilent to the investing public, while simultaneously informing
favored customers verbally that Credit Suisse's true opinion of Agilent
was less favorable. The Secretary of the Commonwealth has suggested
that criminal charges be filed against Credit Suisse and on October 21st
the Secretary filed civil fraud charges against Credit Suisse.

Several similar purported class action complaints have also been filed in the U.S. District Court of the District of Massachusetts.

COMPANY INFORMATION:

Sector: Financial
Industry: Money Center Banks
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: A
Company Market: New York SE
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: D. Massachusetts
DOCKET #: 02-CV-07989
JUDGE: Hon. Richard C. Casey
DATE FILED: 10/08/2002
CLASS PERIOD START: 12/13/1999
CLASS PERIOD END: 09/09/2002
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cohen Milstein Hausfeld & Toll PLLC (Seattle WA)
    701 Fifth Avenue, Suite 6860, Cohen Milstein Hausfeld & Toll PLLC (Seattle WA), WA 98014
    206.521.0080 206.521.0166 · lawinfo@cmht.com
  2. Glancy Binkow & GoldBerg LLP
    1925 Century Park East, Suite 2100, Glancy Binkow & GoldBerg LLP, CA 90067
    310-201-9150 · info@glancylaw.com
  3. Kaplan Fox & Kilsheimer, LLP (former New York, NY)
    805 Third Avenue, 22nd Floor, Kaplan Fox & Kilsheimer, LLP (former New York, NY), NY 10022
    212.687.1980 212.687.7714 · info@kaplanfox.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. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
  6. Rabin & Peckel LLP
    275 Madison Avenue, 34th Floor, Rabin & Peckel LLP, NY 10016
    212.682.1818 212.682.1892 · email@rabinlaw.com
  7. Shapiro Haber & Urmy LLP (Boston)
    75 State Street, Shapiro Haber & Urmy LLP (Boston), MA 02109
    617.439.3939 617.439.0134 · info@shulaw.com
No Document Title Filing Date
COURT: D. Massachusetts
DOCKET #: 02-CV-12056
JUDGE: Hon. Richard C. Casey
DATE FILED: 08/25/2003
CLASS PERIOD START: 12/13/1999
CLASS PERIOD END: 02/20/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Gilman & Pastor LLP (Saugus)
    Stonehill Corporate Center 999 Broadway Suite 500, Gilman & Pastor LLP (Saugus), MA 01906
    781.231.7850 781.231.7840 ·
  2. Glancy Binkow & GoldBerg LLP
    1925 Century Park East, Suite 2100, Glancy Binkow & GoldBerg LLP, CA 90067
    310-201-9150 · info@glancylaw.com
  3. Rabin, Murray & Frank LLP
    275 Madison Avenue, Rabin, Murray & Frank LLP, NY 10016
    212-682-1818 · info@rabinlaw.com
No Document Title Filing Date
No Document Title Filing Date