Case Page

 

Case Status:    DISMISSED    
On or around 07/23/2009 (Court's order of dismissal)

Filing Date: June 25, 2007

The original complaint charges Plexus and certain of its officers and directors with violations of the Exchange Act. The Company, together with its subsidiaries, operates in the electronics manufacturing services industry. According to the complaint, Defendants issued a series of materially false and misleading statements concerning Plexus, its business, operations and prospects. Unbeknownst to shareholders, the true facts were that the Company was experiencing softness in its defense market segment and was not performing according to internal expectations and that the Company’s United Kingdom operations were in decline and would have to be reorganized. Prior to the disclosure of the true facts about the Company, Company insiders sold more than $26 million dollars of their personally-held shares to the unsuspecting public. On July 26, 2006, after the markets closed, Plexus announced lower than expected financial results for its 2006 fiscal third quarter and reduced the Company’s earnings guidance for its 2006 fiscal fourth quarter. In response to this announcement, the price of Plexus common stock fell $10.71 per share, or approximately 32%, to close at $22.89 per share, on extremely heavy trading volume.

On November 7, 2007, Judge Lynn Adelman appointed Western Pennsylvania Electrical Employees Pension Trust as lead plaintiff and approved lead plaintiff's choice of Coughlin Stoia Geller Rudman & Robbins LLP as lead counsel. The Consolidated Class Action Complaint was filed on February 1, 2008. Defendants filed their motion to dismiss the Consolidated Class Action Complaint on April 15, 2008. On March 6, 2009, Judge Lynn Adelman granted the defendants’ motion to dismiss. The plaintiffs were allowed to file an amended complaint by March 30, 2009. The plaintiff did not do so. On July 23, 2009, the action was dismissed with prejudice. Judgment was entered and the case is now terminated.

COMPANY INFORMATION:

Sector: Technology
Industry: Electronic Instruments & Controls
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: PLXS
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: E.D. Wisconsin
DOCKET #: 07-CV-00582
JUDGE: Hon. Lynn Adelman
DATE FILED: 06/25/2007
CLASS PERIOD START: 01/25/2006
CLASS PERIOD END: 07/27/2006
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Ademi & O'Reilly, LLP
    3620 East Layton Ave., Ademi & O'Reilly, LLP, WI 53110
    866-264-3995 414-482-8001 · inquiry@ademilaw.com
  2. Lerach Coughlin Stoia Geller Rudman & Robbins LLP (Melville)
    58 South Service Road, Suite 200, Lerach Coughlin Stoia Geller Rudman & Robbins LLP (Melville), NY 11747
    631.367.7100 631.367.1173 ·
No Document Title Filing Date
COURT: E.D. Wisconsin
DOCKET #: 07-CV-00582
JUDGE: Hon. Lynn Adelman
DATE FILED: 02/01/2008
CLASS PERIOD START: 01/25/2006
CLASS PERIOD END: 07/27/2006
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Coughlin Stoia Geller Rudman & Robbins LLP (Melville)
    58 South Service Road, Suite 200, Coughlin Stoia Geller Rudman & Robbins LLP (Melville), NY 11747
    631.367.7100 631.367.1173 · info@csgrr.com/
No Document Title Filing Date