Case Page

 

Case Status:    DISMISSED    
On or around 01/24/2008 (Stipulation and order of dismissal (voluntary dismissal))

Filing Date: January 19, 2007

On January 23, 2008, the parties filed a Stipulation for Dismissal. On January 24, 2008, the Court granted the Stipulation for Dismissal. According to the Order, the Lead Plaintiffs and the defendants stipulate to the dismissal of this consolidated putative class action. The Action is dismissed in its entirety, without prejudice.

On September 20, 2007 Judge White entered an order consolidated the related cases. On October 30, 2007, the Court issued an order and appointed Furkan M.
Khan and Rahul Saraf as Co-Lead Plaintiffs and the law firms of Glancy Binkow & Goldberg LLP, The Law Office of Jacob Sabo and Federman & Sherwood as Co-Lead Counsel for the consolidated action. Co-Lead Plaintiffs' Amended Consolidated Complaint is due on or before December 30, 2007.

The purported class action complaint filed against the Company and certain officers and directors of the Company alleges that in certain public statements regarding its business with a customer that accounted for significant revenues during 2004, the Company failed to state that sales to the customer would not continue to provide substantial revenues to the Company, and on that basis the complaint asserts violations of U.S. Federal Securities laws.

COMPANY INFORMATION:

Sector: Technology
Industry: Communications Equipment
Headquarters: Israel

SECURITIES INFORMATION:

Ticker Symbol: ALVR
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 #: 07-CV-00374
JUDGE: Hon. Jeffrey S. White
DATE FILED: 01/19/2007
CLASS PERIOD START: 11/03/2004
CLASS PERIOD END: 05/12/2006
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Binkow & Goldberg LLP (Los Angeles)
    1801 Ave. of the Stars, Suite 311, Glancy Binkow & Goldberg LLP (Los Angeles), CA 90067
    310.201.915 310. 201-916 · info@glancylaw.com
  2. Law Office of Jacob Sabo
    The Tower No. 3 Daniel Frisch Street, Law Office of Jacob Sabo 64731
    01197236078888 011 972 3 607 88 89 · sabolaw@inter.net.il
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