Source: http://securities.stanford.edu/filings-case.html?id=100499
Timestamp: 2018-09-19 09:51:25
Document Index: 404912812

Matched Legal Cases: ['§21', '§21', '§21', '§21', '§10', '§20', '§21', '§21', '§21', '§21']

On or around 05/30/2001 (Date of order of final judgment)
As recorded in the docket dated October 16, 2003, on January 8, 2003, the Court entered the Certified Copy of the Order from the Ninth Circuit Court of Appeals dismissing the plaintiff’s appeal.
According to Network Associates, Inc.’s Form 10-Q for the quarterly period ended June 30, 2001, Defendants filed a motion to dismiss on June 6, 2000. The Court granted in part and dismissed in part the motion to dismiss. The Court allowed only plaintiffs’ claims related to In-Process Research and Development to go forward and shortened the class period to April 6, 1999. Plaintiffs filed a First Amended Consolidated Complaint, and defendants filed an answer. In February 2001, the Company settled the class action. The amount of the settlement is $30 million and is being funded principally by the Company’s Directors and Officers insurance carriers. On May 21, 2001, the Court issued a Final Judgment approving the settlement agreement and dismissing with prejudice all claims asserted by the class. On June 19, 2001, a member of the class filed a Notice of Appeal in the District Court for Northern District of California, notifying the parties that he would appeal to the Ninth Circuit Court of Appeals to overturn the Court’s Final Judgment.
The complaint charges that during the Class Period the defendants, including NETA, violated the federal securities laws by misrepresenting and/or failing to disclose material information regarding Networks Associates' financial results and business prospects, giving the false impression that the Company's finances were accurately reported, that its business was healthy, its prospects good, and that it would earn in the range of $2.12 per share in 1999. These false statements caused the price of the Company's stock to be artificially inflated during the entire Class Period to levels as high as $67-11/16 per share and consistently above $30. The Individual Defendants, all of them senior executive officers of the Company, are also alleged to have taken advantage of such inflated stock prices and their insider knowledge of undisclosed adverse information, by selling almost $33 million of their Networks
Associates stock during the Class Period. When Networks Associates
belatedly revealed, among other things, that an SEC investigation had
uncovered improper accounting practices and that its first quarter 1999 earnings would be substantially less than previously indicated by the defendants and the First Call analyst consensus, the price of Networks Associates shares plummeted, and investors who purchased NETA were damaged thereby. Subsequently, the stock fell precipitously again when full year estimates were sharply reduced by NETA.
A similar purported class action was filed in the U.S. District Court for the Western District of Washington.
Frank W. Knisley, et al. v. Networks Associates, et al.
DOCKET #: 99-CV-01729
1 Complaint for Violation of the Securities Exchange Act of 1934 04/07/1999
2 Declaration Of Behram V. Parekh In Support Of The Network Institutional Group's Motion For Consolidation Of All Related Actions And Appointment Of Lead Plaintiff And Lead Counsel Pursuant To Section 21d(A)(3)(B) Of The Securities Exchange Act Of 1934 06/04/1999
3 Network Institutional Group's Notice Of Motion And Motion For Consolidation Of All Related Actions And Appointment Of Lead Plaintiff And Lead Counsel Pursuant To Section 21d(A)(3)(B) Of The Securities Exchange Act Of 1934 06/04/1999
4 Authorities In Support Thereof 06/04/1999
5 Notice Of Motion, Motion And Memorandum Of Points And Authorities To Consolidate Related Actions Against Network Associates, Inc. For Violations Of The Securities Exchange Act Of 1934 06/05/1999
6 Notice Of Motion, Motion And Memorandum Of Points And Authorities To Appoint The Network Associates' Lead Plaintiff Group As Lead Plaintiff Pursuant To §21d(A)(3)(B) Of The Securities Exchange Act Of 1934 And To Approve Lead Plaintiff's Choice Of Counsel 06/05/1999
7 Declaration Of John K. Grant In Support Of Motion To Appoint The Network Associates Plaintiff Group As Lead Plaintiff Pursuant To §21d(A)(3)(B) Of The Securities Exchange Act Of 1934 And To Approve Lead Plaintiff's Choice Of Counsel 06/07/1999
8 Notice Of Rescheduling Of Hearing On The Network Institutional Group's Motion For Consolidation Of All Related Actions And Appointment Of Lead Plaintiff And Lead Counsel Pursuant To Section 21d(A)(3)(B) Of The Securities Exchange Act Of 1934 06/07/1999
9 Declaration of Melvyn I. Weiss 06/14/1999
10 Declaration of Dennis A. Gilardi 06/15/1999
11 Declaration of Alan Schulman 06/16/1999
12 Declaration of Linda Anderson of Glickenhaus & Co. 06/16/1999
13 Declaration of John K. Grant 06/17/1999
14 Network Associates Plaintiff Group's Miscellaneous Ex Parte Request Pursuant To Local Rule 7-11(C) Regarding Motions For Appointment Of Lead Plaintiff And Lead Counsel 06/17/1999
15 Letter re Miscellaneous Ex Parte Request to Judge Armstrong from Milberg Weiss Bershad Hynes & Lerach LLP 06/18/1999
16 Letter re Milberg Ex Parte motion to Judge Armstrong from Weiss & Yourman, representing Network Institutional Group 06/18/1999
17 Letter re Miscellaneous Ex Parte Request to Judge Armstrong from Weiss & Yourman 06/22/1999
18 Network Associates Plaintiff Group's Reply in Support of Their Miscellaneous Ex Parte Request Regarding Appointment of Lead Plaintiff and Counsel 06/25/1999
19 Re-Notice Of Hearing On The Network Institutional Group's Motion For Consolidation Of All Related Actions And Appointment Of Lead Plaintiff And Lead Counsel Pursuant To Section 21d(A)(3)(B) Of The Securities Exchange Act Of 1934 06/29/1999
20 Order [denying NALPG ex parte motion] 08/16/1999
21 Notice of Declaration of Michael Koonce on Behalf of the Evergreen Funds Repudiating and/or Requesting Withdrawal of Motion To Be Appointed Lead Plaintiff 10/04/1999
22 Order Requesting Views of the Securities & Exchange Commission 10/07/1999
23 Order To Submit Information From Lead Plaintiff Candidates 10/13/1999
24 Declaration Of Elizabeth Lin In Support Of Network Institutional Group's Opposition To Nalpg's Motion For Appointment Of Lead Plaintiff And Lead Counsel Pursuant To Section 21d(A)(3)(B) Of The Securities Exchange Act Of 1934 10/14/1999
25 Declaration Of Reed R. Kathrein In Support Of Nalpg's Opposition To Motion By Others For Appointment Of Lead Plaintiff And Lead Counsel Pursuant To §21d(A)(3)(B) Of The Securities Exchange Act Of 1934 10/14/1999
26 Declaration Of John K. Grant In Support Of NALPG's Opposition To Weiss & Yourman Motion And Vattuone Motion For Appointment Of Lead Plaintiff And Lead Counsel Pursuant To §21d(A)(3)(B) Of The Securities Exchange Act Of 1934 10/14/1999
27 Network Institutional Group's Opposition to NALPG's Motion for Appointment of Lead Plaintiff and Lead Counsel Pursuant to Section 21D(a)(3)(B) Of The Securities Exchange Act Of 1934 10/14/1999
28 NALPG's Opposition to Weiss & Yourman Motion and Vattuone Motion for Appointment of Lead Plaintiff and Lead Counsel Pursuant To Section 21d(A)(3)(B) Of The Securities Exchange Act Of 1934 10/14/1999
29 The Network Institutional Group's Opposition to Robert A. Vatuone's Motion for Appointment of Lead Plaintiff and Lead Counsel Pursuant To Section 21d(A)(3)(B) Of The Securities Exchange Act Of 1934 10/14/1999
30 The Network Institutional Group's Opposition to Robert A. Vatuone's Motion for Intra-District Transfer 10/14/1999
31 Declaration of Elizabeth P. Lin in Support of Network Institutional Group's Reply to NALPG's Opposition to NIG's Motion for Appointment of Lead Plaintiff And Lead Counsel Pursuant To Section 21d(A)(3)(B) Of The Securities Exchange Act Of 1934 10/25/1999
32 City Of Philadelphia's Reply In Support Of NALPG's Motion For Appointment Of Lead Plaintiff And Lead Counsel Pursuant To Section 21d(A)(3)(B) Of The Securities Exchange Act Of 1934 10/25/1999
33 Network Institutional Group's Reply to NALPG's Opposition to NIG's Motion for Appointment of Lead Plaintiff and Lead Counsel Pursuant to Section 21D(a)(3)(B) Of The Securities Exchange Act Of 1934 10/25/1999
34 Supplemental Declaration of Ellen R. Peck 11/02/1999
35 Ex Parte Request To File Surreply and Surreply to Network Institutional Group's Reply to NALPG's Opposition to NIG's Motion for Appointment of Lead Plaintiff And Lead Counsel Pursuant To Section 21D(a)(3)(B) Of The Securities Exchange Act Of 1934 11/02/1999
36 Notice of Request To Withdraw From NIG's Motion To Be Appointed Lead Plaintiff by 19 American National Affiliated Entities 11/03/1999
37 Declaration of David C. Walton in Support of the Network Associates Lead Plaintiff Group's Motion for Appointment as Lead Plaintiff 11/04/1999
38 Memorandum of the Securities and Exchange Commission, Amicus Curiae 11/10/1999
39 Memorandum Opinion Appointing Lead Plaintiff 11/12/1999
40 Memorandum Opinion Appointing Lead Plaintiff (Amended) 11/22/1999
41 Order Supporting Robert A. Vatuone as Lead Plaintiff 12/15/1999
42 Robert A. Vatuone's Verified Statement Re Acceptance of Lead Plaintiff Assignment 12/20/1999
43 Lead Plaintiff's Request for Proposals for Class Counsel 12/22/1999
44 Order Denying Request To Direct Lead Plaintiff To Accept Bid 01/13/2000
45 Order Denying Motions 01/18/2000
46 Order Appointing Class Counsel 01/24/2000
47 Litigants 01/26/2000
48 CIVIL DOCKET FOR CASE #: 99-CV-1729 01/26/2000
1 Proof Of Claim 03/14/2001
2 Summary Notice 03/14/2001
3 Notice Of Proposed Settlement Of Class Action 03/14/2001
4 U.S. District Court Civil Docket 10/16/2003
1 Complaint for the Violation of Federal Securities Laws 04/07/1999
2 Complaint for Violation of the Securities Exchange Act of 1934 04/07/1999
3 Complaint for Violation of the Securities Exchange Act of 1934 04/08/1999
4 Complaint for Violation of the Securities Exchange Act of 1934 04/08/1999
5 Complaint for the Violation of Federal Securities Laws 04/09/1999
6 Complaint for Violation of the Securities Exchange Act of 1934 04/09/1999
7 Complaint for Violation of the Securities Exchange Act of 1934 04/12/1999
8 Complaint for Violation of Federal Securities Laws 04/12/1999
9 Complaint for Violation of the Securities Exchange Act of 1934 04/13/1999
10 Certification by Lawyer Seeking to Serve as Class Counsel [Local Rule 3-7(d)] 04/14/1999
11 Complaint for the Violation of Federal Securities Laws 04/14/1999
12 Notice of Publication 04/14/1999
13 Complaint for the Violation of Federal Securities Laws 04/15/1999
14 Complaint for Violation of the Securities Exchange Act of 1934 04/15/1999
15 Notice of Pendency of Other Actions or Proceedings Pursuant to Local Rule 3-13 04/15/1999
16 Complaint for Violation of the Securities Exchange Act of 1934 04/20/1999
17 Complaint for Violation of the Securities Exchange Act of 1934 04/21/1999
18 Corrected Complaint for Violation of the Federal Securities Laws 04/26/1999
19 Complaint for Violation of the Securities Exchange Act of 1934 04/27/1999
20 Complaint for Violation of the Securities Exchange Act of 1934 05/05/1999
21 Complaint for Violation of the Securities Exchange Act of 1934 05/07/1999
22 Complaint for Violation of the Securities Exchange Act of 1934 05/14/1999
23 Litigants 06/04/1999
24 CIVIL DOCKET FOR CASE #: 99-CV-20484 06/04/1999
25 Complaint For: 1. For Violations Of §10(B) Of The 1934 Act And Rule 10b-5; And 2. For Violations Of §20 Of The 1934 Act 06/07/1999
26 Declaration Of James McManis Supporting Motion To Be Appointed Lead Plaintiff Pursuant To §21d(A)(3)(B) Of The Securities Exchange Act Of 1934 And For Approval Of Lead Plaintiff's Choice Of Lead Counsel 06/07/1999
27 Declaration Of Glen Schofield Supporting Motion To Be Appointed Lead Plaintiff Pursuant To §21d(A)(3)(B) Of The Securities Exchange Act Of 1934 And For Approval Of Lead Plaintiff's Choice Of Lead Counsel 06/07/1999
28 Notice Of Motion And Motion To Be Appointed Lead Plaintiff Pursuant To §21d(A)(3)(B) Of The Securities Exchange Act Of 1934 And For Approval Of Lead Plaintiff's Choice Of Lead Counsel; And Memorandum Of Points And Authorities In Support Thereof 06/07/1999
29 Litigants 06/14/1999
30 Litigants 06/14/1999
31 Litigants 06/14/1999
32 Litigants 06/14/1999
33 Litigants 06/14/1999
34 Litigants 06/14/1999
35 Litigants 06/14/1999
36 Litigants 06/14/1999
37 Litigants 06/14/1999
38 Litigants 06/14/1999
39 Litigants 06/14/1999
40 Litigants 06/14/1999
41 Litigants 06/14/1999
42 Litigants 06/14/1999
43 Litigants 06/14/1999
44 Litigants 06/14/1999
45 Litigants 06/14/1999
46 CIVIL DOCKET FOR CASE #: 99-CV-1738 06/14/1999
47 CIVIL DOCKET FOR CASE #: 99-CV-1778 06/14/1999
48 CIVIL DOCKET FOR CASE #: 99-CV-1789 06/14/1999
49 CIVIL DOCKET FOR CASE #: 99-CV-1808 06/14/1999
50 CIVIL DOCKET FOR CASE #: 99-CV-1812 06/14/1999
51 CIVIL DOCKET FOR CASE #: 99-CV-1824 06/14/1999
52 CIVIL DOCKET FOR CASE #: 99-CV-1850 06/14/1999
53 CIVIL DOCKET FOR CASE #: 99-CV-1870 06/14/1999
54 CIVIL DOCKET FOR CASE #: 99-CV-1883 06/14/1999
55 CIVIL DOCKET FOR CASE #: 99-CV-2105 06/14/1999
56 CIVIL DOCKET FOR CASE #: 99-CV-2107 06/14/1999
57 CIVIL DOCKET FOR CASE #: 99-CV-2106 06/14/1999
58 CIVIL DOCKET FOR CASE #: 99-CV-1943 06/14/1999
59 CIVIL DOCKET FOR CASE #: 99-CV-1971 06/14/1999
60 CIVIL DOCKET FOR CASE #: 99-CV-1990 06/14/1999
61 CIVIL DOCKET FOR CASE #: 99-CV-2123 06/14/1999
62 CIVIL DOCKET FOR CASE #: 99-CV-2232 06/14/1999
63 Notice of Entry of Order 06/14/1999
64 Litigants 06/18/1999
65 CIVIL DOCKET FOR CASE #: 99-CV-1731 06/18/1999
66 Litigants 06/21/1999
67 CIVIL DOCKET FOR CASE #: 99-CV-1833 06/21/1999
68 Declaration of Colleen Duffy Smith in Support of Request for Intra-District Transfer Pursuant to Civil Local Rules, Rule 3-2 06/22/1999
69 Declaration of Colleen Duffy Smith Supporting Reply to Opposition To Motion Requesting Intra-District Transfer 06/22/1999
70 Declaration of Colleen Duffy Smith Supporting Reply to Opposition to Motion To Be Appointed Lead Plaintiff 06/22/1999
71 CIVIL DOCKET FOR CASE #: 99-CV-594 06/22/1999
72 Notice of Motion and Motion Requesting Intra-District Transfer Pursuant to Civil Local Rules, Rule 3-2; Memorandum of Points and Authorities And Declaration In Support Thereof 06/22/1999
73 Notice of Related Cases 06/29/1999
74 Notice of Related Cases 06/30/1999
75 Defendants' Response to Plaintiff's Motion To Be Appointed Lead Plaintiff Pursuant to 21D(a)(3)(B) of the Securities Exchange Act of 1934 and for Approval of Lead Plaintiff's Choice of Lead Counsel 07/16/1999
76 Opposition to Robert Anthony Vatuone Motion To Be Appointed Lead Plaintiff 07/16/1999
77 Plaintiff's Reply to Opposition to Motion Requesting Intra-District Transfer; and Declaration in Support Thereof 07/23/1999
78 Plaintiff's Reply To Opposition To Motion To Be Appointed Lead Plaintiff Purusant To §21d(A)(3)(B) Of The Securities Exchange Act Of 1934 And For Approval Of Lead Plaintiff's Choice Of Lead Counsel; And Declaration In Support Thereof 07/23/1999
79 Order [referring case to Judge Armstrong] 08/27/1999
80 Litigants 09/14/1999
81 CIVIL DOCKET FOR CASE #: 99-CV-3035 09/14/1999
82 Litigants 09/29/1999
83 CIVIL DOCKET FOR CASE #: 99-CV-2686 09/29/1999
84 Petition for Writ of Mandamus Enforcing the Lead Plaintiff Provisions of the Private Securities Litigation Reform Act of 1995 12/30/1999
85 Petition for a Writ of Mandamus Enforcing the Lead Plaintiff Provisions of the Private Securities Litigation Reform Act of 1995 01/10/2000
86 Brief of the Securities and Exchange Commission as Amicus Curiae in Support of Real Party in Interest Vatuone on the Issue Specified 03/07/2000
87 Class Action Complaint - Jury Trial Demanded 01/03/2001
88 Class Action Complaint - Jury Trial Demanded 02/02/2001
89 Class Action Complaint - Jury Trial Demanded 02/06/2001
90 Class Action Complaint For The Violation Of Federal Securities Laws Jury Trial Demanded 04/03/2001