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WARD RYAN et al v ACCELERATED NETWORKS Click to find out why . . .



Keywords & Phrases
CaseNo: MWVANI208663, Plaintiff: WARD RYAN et al, State: CA California, UniqueCaseRef: LCD>MWVANI208663, Accelerated Networks, Data Services, Securities, Voice, Broadband Access, Lerach, Llp, Suite, Violation, Act, Providers, Securities Exchange Act, Telecommunication Products, Bundling, Single Broadband Access, Multi-service Broadband Access, Multiple Voice, Digital Subscriber, Nxt1, Ds3 Technologies, Customers, Restate, Financial Statements, Accounting Misstatements, Developer, Multi Service Broadband, Broadband Access Solutions, Communications Service Providers, Annual Report, Notification , ContentID: 120243559

Case Documents
1   COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 108593
3 pages
PDF
Total Documents: 1 document , 3 pages
Price: $ 19.95


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1 . COMPLAINT

EXTRACTED KEY WORDS
DATA SERVICES
SECURITIES
VOICE
BROADBAND ACCESS
LERACH
LLP
SUITE
VIOLATION
ACT
PROVIDERS
SECURITIES EXCHANGE ACT
TELECOMMUNICATION PRODUCTS
BUNDLING
SINGLE BROADBAND ACCESS
MULTI-SERVICE BROADBAND ACCESS
MULTIPLE VOICE
DIGITAL SUBSCRIBER
NXT1
DS3 TECHNOLOGIES
CUSTOMERS
RESTATE
FINANCIAL STATEMENTS
ACCOUNTING MISSTATEMENTS
DEVELOPER
MULTI SERVICE BROADBAND
BROADBAND ACCESS SOLUTIONS
COMMUNICATIONS SERVICE PROVIDERS
ANNUAL REPORT
NOTIFICATION
 1 MILBERG WEISS BERSHAD
        HYNES & LERACH LLP
 2 WILLIAM S. LERACH (68581)
      DARREN J. ROBBINS (168593)
 3 600 West Broadway, Suite 1800
      San Diego, CA  92101
 4 Telephone:  619/231-1058
      619/231-7423 (fax)
 5        - and -
      JEFF S. WESTERMAN (94559)
 6 355 South Grand Avenue
      Suite 4170
 7 Los Angeles, CA  90071
      Telephone:  213/617-9007
 8 213/617-9185 (fax)

 9 SCHIFFRIN & BARROWAY, LLP
      MARC A. TOPAZ                            LAW OFFICES OF WENDY W.
10 Three Bala Plaza East                       HUANG
      Suite 400                                WENDY W. HUANG (164729)
11 Bala Cynwyd, PA  19004                      7 Corporate Plaza
      Telephone:  610/667-7706                 Newport Beach, CA  92260
12 610/667-7056 (fax)                          Telephone:  949/719-7211
                                               949/719-7210 (fax)
13 Attorneys for Plaintiff
14 [Additional counsel appear on signature page.]
15

16                      UNITED STATES DISTRICT COURT
17                     CENTRAL DISTRICT OF CALIFORNIA

18                              WESTERN DIVISION

19 WARD RYAN, On Behalf of Himself ) No.
20 and All Others Similarly               )
      Situated,                           ) CLASS ACTION
21                                        )
                            Plaintiff,    ) COMPLAINT FOR VIOLATION OF
22                                        ) THE FEDERAL SECURITIES LAWS
          vs.                             )
23                                        )
      ACCELERATED NETWORKS, INC.,         )
24 SURESH NIHALANI and FREDERIC T. )
      BOYER,                              )
25                                        )
                            Defendants. )
26                                        ) DEMAND FOR JURY TRIAL

27
SNIPPETS:
  • MILBERG WEISS BERSHAD HYNES & LERACH LLP
  • 355 South Grand Avenue Suite 4170
  • Plaintiff,) COMPLAINT FOR VIOLATION OF
  • all purchasers of the publicly traded securities of Accelerated
  • Inc. ("Accelerated Networks" or the "Company") between
  • for violations of the Securities Exchange Act of 1934 (the "1934
  • Act").
  • Accelerated Networks develops and markets 10 telecommunication products that enable the
  • 11 data services over a single broadband access network.
  • 12 Company's multi-service broadband access products deliver and
  • 13 manage multiple voice and data services using digital subscriber
  • 14 lines, T1, NxT1 and DS3 technologies.
  • Customers include
  • 15 providers of voice and data services.
  • 17 it will likely restate its FY 2000 financial statements because
  • 20 Accelerated Networks, Inc., a leading developer of
  • 23 it was not able to file its Annual Report for 2000
  • 25 previously contemplated in its Notification of Late
  •    |