Case Page

 

Case Status:    SETTLED
On or around 06/22/2007 (Date of order of final judgment)

Filing Date: August 17, 2004

On June 8, 2007, the Court issued the Orders signed by U.S. District Court Judge Ronald M. Whyte approving the settlement, awarding lead counsel attorneys fees in the amount of 25% of the net settlement fund plus $310,826.93 in reimbursement of expenses, and further awarding $10,000 to each of the two plaintiffs in the case. The action is now terminated.

On March 21, 2007, a Stipulation of Settlement was filed establishing a settlement fund in the amount of $11,250,000 for the benefit of the class.

On January 3, 2006, the plaintiffs filed a Second Consolidated Amended Complaint. On June 21, 2006, the Court granted the plaintiffs’ motion for class certification.

By the Order issued on December 15, 2005, the Court grants an individual defendant’s motion to dismiss the § 10(b) cause of action against him, and grants the defendants' motion to strike certain paragraphs of the Consolidated Amended Complaint. Otherwise, according to the Order, the Court denies the defendants' motion to dismiss or strike, and orders the plaintiffs to file a streamlined version of their complaint not exceeding thirty-five pages within twenty days of the date of this order.

According to a press release dated August 17, 2004, the complaint alleges that Netopia and certain of its officers and directors knowingly or recklessly made a series of material misrepresentations concerning Netopia's earnings, product costs, and sales to its largest customer. Moreover, Defendants and employees of Netopia profited handsomely from those misrepresentations, selling over $9 million of Netopia stock during the Class Period.

NOTE: Netopia is a company that, among other things, develops, markets and supports broadband and wireless (Wi-Fi) products and services, as well as produces server software products that enable remote support and centralized management of installed broadband gateways.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Networks
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: NTPA
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 #: 04-CV-3364
JUDGE: Hon. Ronald M. Whyte
DATE FILED: 08/17/2004
CLASS PERIOD START: 11/06/2003
CLASS PERIOD END: 07/06/2004
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. Brian Felgoise
    230 South Broad Street, Suite 404 , Brian Felgoise, PA 19102
    215.735.6810 215/735.5185. ·
  3. Kirby McInerney & Squire LLP
    830 Third Avenue 10th Floor, Kirby McInerney & Squire LLP, NY 10022
    212.317.2300 ·
  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. Lerach Coughlin Stoia Geller Rudman & Robbins LLP (San Diego)
    401 B Street, Suite 1700, Lerach Coughlin Stoia Geller Rudman & Robbins LLP (San Diego), CA 92101
    206.749.5544 206.749.9978 · info@lerachlaw.com
  6. Schatz & Nobel, P.C.
    330 Main Street, Schatz & Nobel, P.C., CT 06106
    800.797.5499 860.493.6290 · sn06106@AOL.com
  7. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  8. Spector, Roseman & Kodroff (Philadelphia)
    1818 Market Street; Suite 2500, Spector, Roseman & Kodroff (Philadelphia), PA 19103
    215.496.0300 215.496.6610 · classaction@srk-law.com
  9. 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
No Document Title Filing Date
COURT: N.D. California
DOCKET #: 04-CV-3364
JUDGE: Hon. Ronald M. Whyte
DATE FILED: 01/03/2006
CLASS PERIOD START: 11/06/2003
CLASS PERIOD END: 08/16/2004
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. Lerach Coughlin Stoia Geller Rudman & Robbin (San Francisco)
    100 Pine Street, Suite 2600, Lerach Coughlin Stoia Geller Rudman & Robbin (San Francisco), CA 94111
    415.288.4545 415.288.4534 · info@lerachlaw.com
  3. Lerach Coughlin Stoia Geller Rudman & Robbins LLP (San Diego)
    401 B Street, Suite 1700, Lerach Coughlin Stoia Geller Rudman & Robbins LLP (San Diego), CA 92101
    206.749.5544 206.749.9978 · info@lerachlaw.com
  4. Schatz & Nobel, P.C.
    330 Main Street, Schatz & Nobel, P.C., CT 06106
    800.797.5499 860.493.6290 · sn06106@AOL.com
  5. Schatz Nobel Izard P.C.
    One Corporate Center, 20 Church Street , Schatz Nobel Izard P.C., CT
    860.493.6292 860.493.6290 · info@snlaw.net
No Document Title Filing Date
No Document Title Filing Date