Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_00-cv-04263/USCOURTS-cand-3_00-cv-04263-1/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:78m(a) Securities Exchange Act

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United States District Court

For the Northern District of California

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IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

In Re QUINTUS SECURITIES

LITIGATION

This Document Relates To:

ALL ACTIONS

 /

No C-00-4263 VRW

ORDER

The court is in receipt of lead counsel’s letter of May

17, 2006. The clerk is DIRECTED to place counsel’s letter in the

file. 

Good cause appearing, the hearing noticed for May 25,

2006, on the parties’ motion for preliminary approval of the class

settlement is CONTINUED until such later date and time that the

parties may mutually arrange with the court’s deputy clerk, Ms Cora

Delfin, 415-522-2039.

In the meantime, the court requests further briefing

describing the makeup of the putative class. Specifically,

briefing should describe (1) the number and percentage of class

members who sold their shares of Quintus stock before the end of

Case 3:00-cv-04263-VRW Document 261 Filed 05/24/06 Page 1 of 2
United States District Court

For the Northern District of California

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the class period and (2) within that subset of class members, the

number and percentage of class members who either (a) purchased

their shares when Quintus common stock was initially offered to the

public or (b) would otherwise have a claim under the Securities Act

of 1933. Briefing should also address whether any of the alleged

fraud was partially disclosed to the market prior to the end of the

class period. Finally, briefing should assess whether and to what

extent the global settlement would be affected if the court were to

exclude “in-and-out” shareholders from the definition of the

settlement class.

Briefing shall not exceed fifteen pages and shall be

filed on or before June 5, 2006.

SO ORDERED.

 

VAUGHN R WALKER

United States District Chief Judge

Case 3:00-cv-04263-VRW Document 261 Filed 05/24/06 Page 2 of 2