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Chin v. Sonus Networks, Inc
USDC Massachusetts
Restatement
Group Pleading
Background
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 Company
background
Litigation
background
- Chin v. Sonus Networks, Inc. et al
- USDC Massachusetts 1:04-cv-10294-DPW
- Judge Douglas P. Woodlock
- Filed 2.12.04
Lead
plaintiffs
- BPI Global Asset Management LLP
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Claims
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Complaints
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Financial Restatement Announcement
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In
connection with the year-end audit, Sonus Networks and its independent auditors
have identified certain issues, practices and actions of certain employees
relating to both the timing of revenue recognized from certain customer
transactions and to certain other financial statement accounts, which may affect
the Companys 2003 financial statements and possibly financial statements for
prior periods.
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Motion to Dismiss Granted in part and Denied in part
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Company
motion
Individual
motions
Supplemental
filings
- Defendants
12.13.05
Brown v Credit Suisse First Boston
05-1646 (1st Cir. 12.12.05)
- Defendants 2.15.06
In re Siebel Systems
04-0983, Slip Op., 2005 WL 3555718
(N.D. Cal. 12.28.05)
- Defendants
3.17.06
In re Hypercom
CV-05-0455-PHX-NVW, Slip Op.,
(D. Ariz. 1.24.06)
- Defendants
4.21.06
- Zack v. Allied Waste Indus., Inc., No.
CIV04-1640PHXMHM, CIV04-1805PHXMHM, CIV04-2058PHXMHM, slip op., 2005 WL 3501414
(D.Ariz. 12.15.05)
- Davis v. SPSS, Inc., No. 04-C-3427, slip. op.,
2006 WL 681044 (N.D. Ill. 3.14.06)
- In Re: The Goodyear Tire & Rubber Co. Sec. Litig.,
No. 5:03-cv-02166-JRA, slip op.
(N.D. Ohio 3.22.06)
Motions
granted and denied, in part
- In re Sonus Networks, Inc. Sec. Litig.
2006 WL 1308165 (D. Mass. 5.10.06)
- Re group pleading, see note 14:
"To the extent that Plaintiff is suggesting I apply the "group pleading
doctrine" for securities fraud, I follow the First Circuit's example of "set[ting]
the issue aside" and "determin[ing] whether the Complaint states a claim against
each defendant." citing Cabletron,
311 F.3d at 41
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Motion
for Reconsideration Denied
SEC_CODE_REF_0090001192884
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Post-Tellabs
motion
for reconsideration
Motion
is denied
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Motion to Certify Class Granted
Settlement
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Motion
to settle
Attorneys'
fees
Order
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Counsel
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Lead
plaintiff
Company
defense
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Related Topics
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