Credit Suisse First Boston Corp. : Atmel Corporation Securities Litigation
On or around 09/13/2005 (Other)
Filing Date: March 04, 2003
On December 2, 2003, the Court entered the Order placing this case on suspense. On September 13, 2005, a Notice of Voluntary Dismissal was filed by the lead plaintiffs. According to the Notice, the lead plaintiffs in this action dismiss the case with prejudice.
On February 17, 2004, the U.S. District Court for the District of Massachusetts granted the motion to transfer the case from the U.S. District Court for the District of Massachusetts to the Southern District of New York as an action related to In re Credit Suisse First Boston Corp. (Atmel Corporation) Analyst Securities Litigation, maintained under Master File No. 03-CV-2156.
The 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 Atmel 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 by providing coverage and issuing favorable research reports on existing or prospective investment banking customers. According to an administrative complaint filed by the Secretary of the Commonwealth of Massachusetts, CSFB purposely misled investors by disseminating into the marketplace fraudulent material misstatements of fact in analyst reports.
Several similar purported class action complaints were also filed in the U.S. District Court for the Southern District of New York.
Company & Securities Information
Defendant: Atmel Corporation
Industry: Money Center Banks
Headquarters: United States
Ticker Symbol: ATML
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.
First Identified Complaint
Michael Segreto, et al. v. Credit Suisse First Boston Corp., et al.