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Case Status:    ONGOING    
On or around 06/17/2019 (Court's order of dismissal)

Filing Date: May 17, 2018

According to the Complaint, Symantec Corporation ("Symantec" or the "Company") provides cybersecurity solutions worldwide.

On May 17, 2018, Plaintiff's law firm filed a press release announcing the lawsuit. The lawsuit alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Symantec’s internal controls over financial reporting were materially weak and deficient; (2) Symantec’s later disclosed “reporting of certain Non-GAAP measures including those that could impact executive compensation programs” would lead to heightened regulatory scrutiny by the Securities and Exchange Commission (“SEC”); and (3) as a result, Symantec’s public statements were materially false and misleading at all relevant times.

On August 23, 2018, the Court issued an Order consolidating cases and appointing Lead Plaintiff. On October 4, the Court issued an Order approving Lead Plaintiff's selection of Counsel. Lead Plaintiff filed a consolidated Complaint on November 15. Defendants filed Motions to Dismiss the consolidated Complaint on December 26. On June 14, 2019, the Court issued an Order granting Defendants' Motions to Dismiss. Plaintiffs were given leave to amend the Complaint.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SYMC
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 #: 18-CV-02902
JUDGE: Hon. William Alsup
DATE FILED: 05/17/2018
CLASS PERIOD START: 05/20/2017
CLASS PERIOD END: 05/10/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm, P.A. (New Los Angeles)
No Document Title Filing Date
COURT: N.D. California
DOCKET #: 18-CV-02902
JUDGE: Hon. William Alsup
DATE FILED: 11/15/2018
CLASS PERIOD START: 05/11/2017
CLASS PERIOD END: 08/02/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Litowitz Berger & Grossmann LLP (San Diego)
    12481 High Bluff Drive, Suite 300, Bernstein Litowitz Berger & Grossmann LLP (San Diego), CA 92130
    858.793.0070 858.793.0323 · blbg@blbglaw.com
No Document Title Filing Date
—Related District Court Filings Data is not available