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Keywords & Phrases
CaseNo: ABC115377, CourtName: CLASS ACTION CASES, State: CA California, UniqueCaseRef: LCD>ABC115377, Adaptive Broadband, Wireless, Lead Plaintiff, Movants, Adaptive Broadband Corporation, Publicly Traded Securities, Securities, Officer, Market, Revenue, Western Multiplex, Lawrence, Class Action, Ab-access, Directors, Act, Internet, Class Members, Facts, Exchange, Fixed Wireless, Customers, Reports, Misleading, Internet Access, Motion, Individual Defendants, Kathrein, Exchange Act, Speed Internet Access, Investment, Consolidation, San Francisco, Class Period, Transaction, Llp , ContentID: 120246171

Case Documents
1   COMPLAINT D
[ see first page and extracted highlights below  ] ItemID: 114215
18 pages
PDF
2   COMPLAINT C
[ see first page and extracted highlights below  ] ItemID: 114214
20 pages
PDF
3   COMPLAINT B
[ see first page and extracted highlights below  ] ItemID: 114213
20 pages
PDF
4 2001-06-22 MOTION TO CONSOLIDATE RELATED ACTIONS
[ see first page and extracted highlights below  ] ItemID: 114220
7 pages
PDF
5 2001-06-22 MOTION FOR APPOINTMENT OF LEAD PLAINTIFF-2
[ see first page and extracted highlights below  ] ItemID: 114219
11 pages
PDF
6 2001-06-22 MOTION FOR APPOINTMENT OF LEAD PLAINTIFF
[ see first page and extracted highlights below  ] ItemID: 114218
10 pages
PDF
7 2001-06-22 DECLARATION OF REED R KATHREIN
[ see first page and extracted highlights below  ] ItemID: 114217
3 pages
PDF
8 2001-06-22 DECLARATION FOR MOTION FOR APPOINTMENT OF LEAD PLAINTIFF
[ see first page and extracted highlights below  ] ItemID: 114216
3 pages
PDF
9 2000-05 PROPOSED ORDER FOR APPOINTMENT OF LEAD PLAINTIFF
[ see first page and extracted highlights below  ] ItemID: 114221
3 pages
PDF
Total Documents: 9 documents , 95 pages
Price: $ 59.95


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1 . COMPLAINT D

EXTRACTED KEY WORDS
DEFENDANTS
FACTS
SECURITIES
EXCHANGE
REPORTS
ADAPTIVE BROADBAND
COMMON STOCK
COUNSEL
FIXED WIRELESS
MARKET
WESTERN MULTIPLEX
MISLEADING
AB-ACCESS
INDIVIDUAL DEFENDANTS
CLASS MEMBERS
LAWRENCE
ALLEGATIONS SET
CLASS PERIOD
EXCHANGE ACT
FOREGOING STATEMENTS
ADAPTIVE BROADBAND CORPORATION
TRANSACTION
NASDAQ STOCK EXCHANGE
MANAGEMENT
MISREPRESENTATIONS
INVESTMENT
EXECUTIVES
CHIEF FINANCIAL OFFICER
MATERIAL FACTS
 MILBERG WEISS BERSHAD
HYNES & LERACH LLP
PATRICK J. COUGHLIN (111070)
REED R. KATHREIN (139304)
100 Pine Street, Suite 2600
San Francisco, CA 94111
Telephone: 415/288-4545
415/288-4534 (fax)
    - and -
WILLIAM S. LERACH (68581)
600 West Broadway, Suite 1800
San Diego, CA 92101
Telephone: 619/231-1058
619/231-7423 (fax)

DAVID B. KAHN & ASSOCIATES, LTD.
DAVID B. KAHN
MARK E. KING
ELISSA C. CHASE
One Northfield Plaza, Suite 100
Northfield, IL 60093-1211
Telephone: 847/501-5083
847/501-5086 (fax)

Attorneys for Plaintiff

                                         UNITED STATES DISTRICT COURT

                                        NORTHERN DISTRICT OF CALIFORNIA


LARRY COHEN, On Behalf of Himself                      )  No. C-01-1505-BZ
and All Others Similarly Situated,                     ) )  CLASS ACTION
                        Plaintiff,                     ) )  COMPLAINT FOR VIOLATION
    vs.                                                )  OF THE SECURITIES EXCHANGE
                                                       )  ACT OF 1934
ADAPTIVE BROADBAND                                     )
CORPORATION,                                           )
FREDERICK D. LAWRENCE and DONNA   )
S. BIRKS,                                              )
                                                       )
                        Defendants.                    )  DEMAND FOR JURY TRIAL
______________________________________

                                           CLASS ACTION COMPLAINT




SNIPPETS:
  • Except for those allegations specifically relating to plaintiff and their counsel, plaintiff
  • Plaintiff believes that further substantial evidentiary support will exist for the
  • This is a class action on behalf of a class of all purchasers between August 11, 2000 and
  • defendants falsely publicly announced stellar growth in the fourth quarter of 2000 based upon
  • the defendants continued to tout the Fuzion contract and growth of the Company in order to
  • The market did not begin to learn the truth until on or about March 15, 2001, when the
  • The defendants reported that the Compay would be taking a $4.0 million reduction in its
  • Plaintiff Larry Cohen purchased shares of common stock of defendant Adaptive as set forth in
  • Defendant Frederick D. Lawrence was, until his January 11, 2001 resignation, Chief Executive
  • Defendant Donna S. Birks was, until her January 11, 2001 resignation, Chief Financial Officer
  • Because of their positions with the Company, the Individual Defendants had access to
  • The Individual Defendants knew that the adverse facts specified herein had not been disclosed
  • In addition, because of their positions with the Company and/or their stock ownership, the
  • While the exact number of Class Members is unknown to plaintiff at this time, during the
  • releases and statements disseminated to the investing public and the shareholders during the
  • There will be no difficulty in the management of this action as a class action.
  • The foregoing statements were false and misleading for the reasons stated in ¶¶21-22 above.
  • In its fiscal 2000 year-end release on August 10, Adaptive Broadband said it wrote off an
  • "We invested a substantial amount of time looking at a wide array of fixed wireless broadband
  • DEFENDANTS MISREPRESENTATIONS WERE
  • Thus, when Adaptive's financial reports were materially overstated, Adaptive's top

  • 2 . COMPLAINT C

    EXTRACTED KEY WORDS
    WIRELESS
    PLAINTIFF
    PUBLICLY TRADED SECURITIES
    ADAPTIVE BROADBAND CORPORATION
    OFFICER
    DEFENDANTS
    MARKET
    REVENUE
    CLASS ACTION
    DIRECTORS
    ACT
    LAWRENCE
    INTERNET
    WESTERN MULTIPLEX
    CUSTOMERS
    AB-ACCESS
    INTERNET ACCESS
    SPEED INTERNET ACCESS
    FIXED WIRELESS
    INVESTMENT
    TERRESTRIAL WIRELESS
    SATELLITE-BASED SYSTEMS
    MISLEADING
    REVENUE GROWTH
    INDIVIDUAL DEFENDANTS
    WIRELESS COMMUNICATIONS
    TRANSACTION
    CHIEF FINANCIAL OFFICER
    WORLDWIDE INTERNET BACKBONES
    
     MILBERG WEISS BERSHAD
    HYNES & LERACH LLP
    PATRICK J. COUGHLIN (111070)
    REED R. KATHREIN (139304)
    100 Pine Street, Suite 2600
    San Francisco, CA 94111
    Telephone: 415/288-4545
    415/288-4534 (fax)
        - and -
    WILLIAM S. LERACH (68581)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    619/231-7423 (fax)
    
    LAW OFFICES OF MARC S. HENZEL
    MARC S. HENZEL
    210 West Washington Square
    Third Floor
    Philadelphia, PA 19106-3503
    Telephone: 215/625-9999
    215/440-9475 (fax)
    
    Attorneys for Plaintiff
    
                                             UNITED STATES DISTRICT COURT
    
                                            NORTHERN DISTRICT OF CALIFORNIA
    
    
    DANA CHANTER, JR., On Behalf of   )  No. C-01-1415-EDL
    Himself and All Others Similarly                   )
    Situated,                                          )  CLASS ACTION
                                                       )
                            Plaintiff,                 )  COMPLAINT FOR VIOLATION
                                                       )  OF THE FEDERAL SECURITIES
        vs.                                            )  LAWS
                                                       )
    ADAPTIVE BROADBAND                                 )
    CORPORATION, FREDERICK D.                          )
    LAWRENCE and DONNA S. BIRKS,   )
                                                       )
                            Defendants.                )  DEMAND FOR JURY TRIAL
    _________________________________
    
                                               SUMMARY AND OVERVIEW
    
    1. This is a securities fraud class action on behalf of all purchasers of the publicly traded
    securities of Adaptive Broadband Corporation ("Adaptive" or the "Company") between August
    
    SNIPPETS:
  • LAWRENCE and DONNA S. BIRKS,)
  • This is a securities fraud class action on behalf of all purchasers of the publicly traded
  • 11, 2000 and March 15, 2001, against Adaptive and certain of its officers and directors for
  • Adaptive supplies terrestrial wireless and satellite-based systems to support ultra-high
  • Adaptive Broadband Corporation announced today that it expects to restate its revenue and
  • The company currently expects that its revenue and cost of revenue for the quarter will be
  • As previously announced, as of December 31, 2000, the company significantly increased its
  • The company also said that its new management team is working with the company's Board of
  • Plaintiff Dana Chanter, Jr.
  • Defendant Donna S. Birks was Chief Financial Officer of the Company and assisted in the
  • The individuals named as defendants in ¶9-are referred to herein as the "Individual
  • Each defendant was provided with copies of the Company's reports and press releases alleged
  • Birks, as CFO, was responsible for financial reporting and communications with the market.
  • Its AB-Access platform is a leading commercial choice for fixed broadband wireless
  • The AB-Access fixed wireless broadband platform bridges the last mile, replacing the local
  • In the fourth quarter, the company ceased support of the wireless LAN initiatives and wrote
  • So from my standpoint, new order gain was strong, revenue growth was strong.
  • Adaptive Broadband Corporation announced today it has signed a five-year, $100 million

  • 3 . COMPLAINT B

    EXTRACTED KEY WORDS
    WIRELESS
    PLAINTIFF
    PUBLICLY TRADED SECURITIES
    ADAPTIVE BROADBAND CORPORATION
    OFFICER
    DEFENDANTS
    MARKET
    REVENUE
    CLASS ACTION
    DIRECTORS
    ACT
    LAWRENCE
    INTERNET
    WESTERN MULTIPLEX
    CUSTOMERS
    AB-ACCESS
    INTERNET ACCESS
    SPEED INTERNET ACCESS
    FIXED WIRELESS
    INVESTMENT
    TERRESTRIAL WIRELESS
    SATELLITE-BASED SYSTEMS
    MISLEADING
    REVENUE GROWTH
    INDIVIDUAL DEFENDANTS
    WIRELESS COMMUNICATIONS
    TRANSACTION
    CHIEF FINANCIAL OFFICER
    TECHNOLOGY
    
    MILBERG WEISS BERSHAD
    HYNES & LERACH LLP
    PATRICK J. COUGHLIN (111070)
    REED R. KATHREIN (139304)
    100 Pine Street, Suite 2600
    San Francisco, CA 94111
    Telephone: 415/288-4545
    415/288-4534 (fax)
        - and -
    WILLIAM S. LERACH (68581)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    619/231-7423 (fax)
    
    SPECTOR, ROSEMAN & KODROFF, P.C.
    JAMES A. CAPUTO (120485)
    ARTHUR L. SHINGLER III (181719)
    600 West Broadway, Suite 1600
    San Diego, CA 92101
    Telephone: 619/338-4514
    619/231-7423 (fax)
    
    Attorneys for Plaintiff
    
                                             UNITED STATES DISTRICT COURT
    
                                            NORTHERN DISTRICT OF CALIFORNIA
    
    
    SHAWN A. MATEJKA, On Behalf of   )  No. C-01-20257-PVT
    Himself and All Others Similarly                   )
    Situated,                                          )  CLASS ACTION
                                                       )
                            Plaintiff,                 )  COMPLAINT FOR VIOLATION
                                                       )  OF THE FEDERAL SECURITIES
        vs.                                            )  LAWS
                                                       )
    ADAPTIVE BROADBAND                                 )
    CORPORATION, FREDERICK D.                          )
    LAWRENCE and DONNA S. BIRKS,   )
                                                       )
                            Defendants.                )  DEMAND FOR JURY TRIAL
    _________________________________
    
                                               SUMMARY AND OVERVIEW
    
    
    
    SNIPPETS:
  • LAWRENCE and DONNA S. BIRKS,)
  • This is a securities fraud class action on behalf of all purchasers of the publicly traded
  • Adaptive supplies terrestrial wireless and satellite-based systems to support ultra-high
  • Adaptive Broadband Corporation announced today that it expects to restate its revenue and
  • The company currently expects that its revenue and cost of revenue for the quarter will be
  • As previously announced, as of December 31, 2000, the company significantly increased its
  • Plaintiff Shawn A. Matejka purchased Adaptive publicly traded securities as described in the
  • Defendant Donna S. Birks was Chief Financial Officer of the Company and assisted in the
  • The individuals named as defendants in 9-are referred to herein as the "Individual
  • Each defendant was provided with copies of the Company's reports and press releases alleged
  • Birks, as CFO, was responsible for financial reporting and communications with the market.
  • Adaptive is a data networking solutions company that is developing leading-edge technology
  • Its AB-Access platform is a leading commercial choice for fixed broadband wireless
  • The AB-Access fixed wireless broadband platform bridges the last mile, replacing the local
  • In the fourth quarter, the company ceased support of the wireless LAN initiatives and wrote
  • So from my standpoint, new order gain was strong, revenue growth was strong.
  • Adaptive Broadband Corporation announced today it has signed a five-year, $100 million

  • 4 . MOTION TO CONSOLIDATE RELATED ACTIONS

    EXTRACTED KEY WORDS
    MOTION
    COURT
    ADAPTIVE BROADBAND
    SECURITIES
    LEAD PLAINTIFF
    RELATED ACTIONS
    MOVANTS
    SAN FRANCISCO
    PENDING
    PRIOR
    DEFENDANTS
    REVENUE
    PSLRA
    EXCHANGE ACT
    LAW
    DECLARATION
    KATHREIN
    PURPOSES
    DETERMINATION
    APPOINTMENT
    PRESERVATION
    PURSUANT
    INVESTORS
    WESTERN MULTIPLEX
    WIRELESS
    AB-ACCESS
    FUZION
    MEMORANDUM
    AUTHORITIES
    
    MILBERG WEISS BERSHAD
    HYNES & LERACH LLP
    PATRICK J. COUGHLIN (111070)
    REED R. KATHREIN (139304)
    100 Pine Street, Suite 2600
    San Francisco, CA 94111
    Telephone: 415/288-4545
    415/288-4534 (fax)
        - and -
    WILLIAM S. LERACH (68581)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    619/231-7423 (fax)
    
    [Proposed] Lead Counsel for Plaintiffs
    
    
    
                                             UNITED STATES DISTRICT COURT
    
                                            NORTHERN DISTRICT OF CALIFORNIA
    
    
    FRANK LETTIERI, On Behalf of Himself  )  No. C-01-1092-SC
    and All Others Similarly Situated,                   ) )  CLASS ACTION
                            Plaintiff,                   ) )  NOTICE OF MOTION, MOTION
        vs.                                              )  AND MEMORANDUM OF POINTS
                                                         )  AND AUTHORITIES IN SUPPORT
    ADAPTIVE BROADBAND                                   )  THEREOF TO CONSOLIDATE
    CORPORATION, et al.,                                 )  RELATED ACTIONS
                                                         )
                            Defendants.                  )  DATE: June 22, 2001
    ____________________________________ )  TIME: 10:00 a.m.
                                                               COURTROOM: The Honorable
                                                                                          Samuel Conti
    
                                                  TABLE OF CONTENTS
    
    I. Introduction
    
    II. Summary of Pending Actions
    
    
    
    
     III. This Court Should Consolidate These Related Actions for Purposes of Efficiency
    IV. The PSLRA Requires that the Question of Consolidation Be Decided Prior to the
    
    SNIPPETS:
  • San Francisco, CA 94111 Telephone: 415/288-4545 415/288-4534 - and -WILLIAM S. LERACH
  • Summary of Pending Actions
  • This Court Should Consolidate These Related Actions for Purposes of Efficiency IV.
  • The PSLRA Requires that the Question of Consolidation Be Decided Prior to the Determination
  • This Court Should Order the Preservation of Documents
  • NOTICE OF MOTION AND MOTION
  • Lettieri v. Adaptive Broadband Corp.,
  • This motion is brought on the grounds that these actions are substantially identical because
  • This motion is based upon this notice of motion, the memorandum of points and authorities,
  • Introduction These 11 related securities fraud class action lawsuits, identified above and
  • Movants seek to consolidate these related securities class actions pursuant to Fed.
  • Adaptive is a data networking solutions company that develops leading-edge technology for the
  • The AB-Access technology purportedly replaces the local loop for corporate and small business
  • The truth, which would later be revealed by defendants, was that its favorable 4Q00 results
  • During the following months of September and October 2000, Adaptive announced a $100 million
  • On November 13, 2000, Adaptive announced that it would merge with Western Multiplex
  • Investors who purchased or otherwise acquired Adaptive securities during the Class Period
  • Consolidation pursuant to Rule 42is proper when actions involve common questions of law and
  • Given that the selection of lead plaintiff and lead counsel is the necessary first step to
  • J to the Declaration of Reed R. Kathrein the Stipulation and Consolidation Order filed with

  • 5 . MOTION FOR APPOINTMENT OF LEAD PLAINTIFF-2

    EXTRACTED KEY WORDS
    MOVANTS
    COURT
    COUNSEL
    KATHREIN
    CLASS MEMBERS
    SECURITIES
    SAN FRANCISCO
    APPOINTED LEAD PLAINTIFF
    CLASS ACTIONS
    RELIEF
    APPROVE MOVANTS
    MOTION
    ADAPTIVE BROADBAND
    DEFENDANTS
    EXCHANGE ACT
    FEDERAL SECURITIES LAWS
    CLASS PERIOD
    LERACH LLP
    LETTIERI
    APPOINTMENT
    KATHREIN DECL
    PURPORTED CLASS
    APPOINTING
    SHAREHOLDERS
    MILBERG WEISS BERSHAD
    PROCEDURAL BACKGROUND
    ALLEGATIONS
    PSLRA
    CLASS REPRESENTATIVES
    
    MILBERG WEISS BERSHAD
    HYNES & LERACH LLP
    PATRICK J. COUGHLIN (111070)
    REED R. KATHREIN (139304)
    100 Pine Street, Suite 2600
    San Francisco, CA 94111
    Telephone: 415/288-4545
    415/288-4534 (fax)
        - and -
    WILLIAM S. LERACH (68581)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    619/231-7423 (fax)
    
    [Proposed] Lead Counsel for Plaintiffs
    
    
    
    
                                             UNITED STATES DISTRICT COURT
    
                                            NORTHERN DISTRICT OF CALIFORNIA
    
    
    
    FRANK LETTIERI, On Behalf of Himself  )  No. C-01-1092-SC
    and All Others Similarly Situated,                   ) ) CLASS ACTION
                            Plaintiff,                   ) ) NOTICE OF MOTION, MOTION AND
        vs.                                              )  MEMORANDUM OF POINTS AND
                                                         )  AUTHORITIES IN SUPPORT THEREOF
    ADAPTIVE BROADBAND                                   )  TO APPOINT DEEPHAVEN MARKET
    CORPORATION, et al.,                                 )  NEUTRAL MASTER FUND, ADNAN
                                                         )  KNAISH, GIULIO CARUSO, PETER
                            Defendants.                  )  McGRATH AND CLINT CAVANAUGH
    ____________________________________ )  AS LEAD PLAINTIFF AND FOR
                                                           APPROVAL OF LEAD PLAINTIFF'S
                                                           CHOICE OF COUNSEL
    
                                                           DATE: June 22, 2001
                                                           TIME: 10:00 a.m.
                                                           COURTROOM: The Honorable
                                                                                      Samuel Conti
    
    
    
    
    
    
    SNIPPETS:
  • San Francisco, CA 94111 Telephone: 415/288-4545 415/288-4534 - and -WILLIAM S. LERACH
  • FRANK LETTIERI, On Behalf of Himself) No. C-01-1092-SC
  • PROCEDURAL BACKGROUND
  • SUMMARY OF ALLEGATIONS
  • Movants Should Be Appointed Lead Plaintiff
  • Relief Sought by the Class
  • This Court Should Approve Movants' Choice of Counsel
  • This Motion is made on the grounds that Movants are the most adequate plaintiff, having
  • P. 23 because their claims are typical of class members' claims, and they will fairly and
  • Movants have selected and retained a national law firm with substantial experience in
  • The Motion is based on this notice of motion, the accompanying memorandum of points and
  • Movants, who collectively suffered at least $1.303 million in losses due to their
  • Section 21D of the Exchange Act, 15 U.S.C. 78u-4, as amended by the PSLRA, sets forth the
  • any member of the purported class may move the court
  • Lettieri v. Adaptive Broadband Corp.,
  • The Exchange Act, as amended by the PSLRA, requires prompt publication of notice advising
  • The truth, which would later be revealed by defendants, was that its favorable 4Q00 results
  • Plaintiffs and investors in these actions seek to recover under the federal securities laws.
  • Jan. 22, 2001) (appointing four shareholders); St. John v. Pilot Networks Services, Inc., et
  • They have amply demonstrated their adequacy as class representatives by signing sworn
  • Movants have selected the law firm of Milberg Weiss Bershad Hynes & Lerach LLP as lead

  • 6 . MOTION FOR APPOINTMENT OF LEAD PLAINTIFF

    EXTRACTED KEY WORDS
    MOVANT
    COUNSEL
    LLP
    LEAD PLAINTIFF
    CLASS MEMBERS
    SECURITIES
    EXCHANGE ACT
    ADAPTIVE BROADBAND
    FARUQI
    APPOINTMENT
    COURT
    ADEQUATE
    DEFENDANTS
    JIGARJIAN
    PRICE
    APPROVE
    CLASS PERIOD
    GIRARD
    ABBEY GARDY
    MOTION
    PURSUANT
    TYPICALITY
    LITIGATION
    REVENUE
    REPRESENTATIONS
    LIAISON COUNSEL
    EXHIBITS
    JIGARJIAN DECL
    SERVE
    
                      1 Daniel C. Girard (State Bar No. 114826)
                         Anthony K. Lee (State Bar No. 156018)
                      2 Robert A. Jigarjian (State Bar No. 171107)
                         GIRARD & GREEN, LLP
                      3 160 Sansome Street, Suite 300
                         San Francisco, California 94104
                      4 Telephone:  (415) 981-4800
                         Facsimile:  (415) 981-4846
                      5 Mark C. Gardy
                      6 ABBEY GARDY, LLP
                         212 East 39th Street
                      7 New York, New York 10016
                         Telephone:  (212) 889-3700
                      8 Facsimile:  (212) 779-2418
                      9 Nadeem Faruqi
                         Shane T. Rowley
                 10 Stacey J. Dana
                         FARUQI & FARUQI, LLP
                 11 320 East 39th Street
                         New York, New York  10016
                 12 Telephone:  (212) 983-9330
                         Facsimile:  (212) 983-9331
                 13 Attorneys for Movant Donald J. Angelini, Jr.
                 14
                 15                                       UNITED STATES DISTRICT COURT
    
                 16                                      NORTHERN DISTRICT OF CALIFORNIA
                 17
    
                 18 In re ADAPTIVE BROADBAND SECURITIES                   )    Master File No.
                         LITIGATION                                       )
                 19                                                       )    MOTION FOR APPOINTMENT OF
                                                                          )    DONALD J. ANGELINI, JR.
                 20 This Document Relates To:                             )    LEAD PLAINTIFF PURSUANT
                                                                          )    SECTION 21D(a)(3)(B) OF
                 21              All Actions.                             )    SECURITIES EXCHANGE ACT
                                                                          )    1934 AND FOR APPROVAL OF
                 22                                                       )    LEAD PLAINTIFF'S CHOICE
                                                                          )    COUNSEL
                 23                                                       )) Date: June 22, 2001
                 24                                                       )    Time: 10:00 a.m.
                                                                          )    Judge: The Honorable
                 25
    
                 26
                 27
    
                 28
    
    
    SNIPPETS:
  • GIRARD & GREEN, LLP
  • FARUQI & FARUQI, LLP
  • 13 Attorneys for Movant Donald J. Angelini,
  • LEADPL-MOT.wpd MOTION FOR APPOINTMENT OF DONALD J. ANGELINI,
  • TO ALL PARTIES AND THEIR COUNSEL OF RECORD:
  • the grounds that Movant has timely filed this motion and that he is the "most adequate
  • 13 Abbey Gardy, LLP and Faruqi & Faruqi, LLP as Co-Lead Counsel and Girard & Green, LLP as
  • three law firms with substantial experience in prosecuting securities fraud class
  • 15 actions, pursuant to section 21D.
  • LLP as liaison counsel for the class -- should be approved by the Court.
  • 26 plaintiff pursuant to section 21D of the Securities Exchange Act of 1934 and for
  • All of the actions allege the same common scheme and course of conduct by defendants to
  • Securities Litigation Reform Act of 1995, codified at 15 U.S.C. § 78u-4, Movant seeks
  • his appointment as lead plaintiff in the consolidated litigation and approval of his choice
  • Movant acquired Adaptive Broadband securities between August 10,
  • (See Exhibits A and B to the Jigarjian Decl.)
  • which informed potential class members of the pendency of the action and their right to move
  • approve his choice of counsel to represent the class.
  • 10 defendants which operated as a fraud and deceit on the class during the Class Period.
  • 17 these representations were materially false and misleading, as defendants overstated
  • 21 relating to this merger included false and misleading projections for the Company,
  • 27 stock price at an artificially high level to achieve as high an exchange ratio as possible
  • 27 willingness to serve as representatives of the class.
  • The typicality requirement is satisfied here, because the claims asserted by Movant are based

  • 7 . DECLARATION OF REED R KATHREIN

    EXTRACTED KEY WORDS
    DECLARE
    SAN FRANCISCO
    CALIFORNIA
    LERACH LLP
    KATHREIN
    MILBERG WEISS BERSHAD
    WEISS BERSHAD HYNES
    COUNSEL
    PLAINTIFF
    MOTION
    LAW
    FIRM
    MOVANTS
    BUSINESS
    COMMUNICATIONS
    MASTER
    CONSOLIDATION
    PENALTY
    PERJURY
    FOREGOING
    STIPULATION
    CONSOLIDATION ORDER
    UNITED STATES
    RESIDENT
    COUNTY
    AGE
    PARTY
    PINE STREET
    SUITE
    
    MILBERG WEISS BERSHAD
    HYNES & LERACH LLP
    PATRICK J. COUGHLIN (111070)
    REED R. KATHREIN (139304)
    100 Pine Street, Suite 2600
    San Francisco, CA 94111
    Telephone: 415/288-4545
    415/288-4534 (fax)
        - and -
    WILLIAM S. LERACH (68581)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    619/231-7423 (fax)
    
    [Proposed] Lead Counsel for Plaintiffs
    
    
    
                                             UNITED STATES DISTRICT COURT
    
                                            NORTHERN DISTRICT OF CALIFORNIA
    
    
    FRANK LETTIERI, On Behalf of Himself  )  No. C-01-1092-SC
    and All Others Similarly Situated,                   ) ) CLASS ACTION
                            Plaintiff,                   ) ) DECLARATION OF REED R.
        vs.                                              )  KATHREIN IN SUPPORT OF: (1)
                                                         )  MOTION TO APPOINT DEEPHAVEN
    ADAPTIVE BROADBAND                                   )  MARKET NEUTRAL MASTER FUND,
    CORPORATION, et al.,                                 )  ADNAN KNAISH, GIULIO CARUSO,
                                                         )  PETER McGRATH AND CLINT
                            Defendants.                  )  CAVANAUGH AS LEAD PLAINTIFF
    ____________________________________ )  AND FOR APPROVAL OF LEAD
                                                           PLAINTIFF'S CHOICE OF COUNSEL;
                                                           AND (2) MOTION TO CONSOLIDATE
                                                           RELATED ACTIONS
    
                                                           DATE: June 22, 2001
                                                           TIME: 10:00 a.m.
                                                           COURTROOM: The Honorable
                                                                                      Samuel Conti
    
    
    
    
    
     I, REED R. KATHREIN, declare as follows:
    
    SNIPPETS:
  • I, REED R. KATHREIN, declare as follows:
  • I am a member of the law firm of Milberg Weiss Bershad Hynes & Lerach LLP, one of the counsel
  • Exhibit A: Chart of Movants' Purchases and Losses;
  • Business Wire notice, dated March 16, 2001;
  • Pincay Investments Co., et al. v. Covad Communications Group, Inc., et al., No. C-00-3891-PJH
  • Stipulation and Consolidation Order.
  • I declare under penalty of perjury under the laws of the State of California that the
  • Executed this 15th day of May, 2001, at San Francisco, California.
  • That declarant is and was, at all times herein mentioned, a citizen of the United States and
  • NEUTRAL MASTER FUND, ADNAN KNAISH, GIULIO CARUSO, PETER McGRATH
  • AND CLINT CAVANAUGH AS LEAD PLAINTIFF AND FOR APPROVAL OF LEAD PLAINTIFF'S CHOICE OF COUNSEL;

  • 8 . DECLARATION FOR MOTION FOR APPOINTMENT OF LEAD PLAINTIFF

    EXTRACTED KEY WORDS
    FARUQI
    GIRARD
    YORK
    STATE BAR
    GARDY
    JIGARJIAN
    SAN FRANCISCO
    CALIFORNIA
    APPOINTMENT
    DONALD
    ANGELINI
    COUNSEL
    LITIGATION
    ADAPTIVE BROADBAND
    SECURITIES EXCHANGE ACT
    PERSONAL KNOWLEDGE
    WITNESS
    TESTIFY COMPETENTLY THERETO
    PENALTY
    PERJURY
    MEMBERSHIP
    PUTATIVE CLASS
    BROADBAND CORPORATION STOCK
    DAMAGES
    LIONEL
    GLANCY
    CLASS ACTION LAWSUIT
    SHOWING
    BUSINESS WIRE
    
                      1 Daniel C. Girard (State Bar No. 114826)
                         Anthony K. Lee (State Bar No. 156018)
                      2 Robert A. Jigarjian (State Bar No. 171107)
                         GIRARD & GREEN, LLP
                      3 160 Sansome Street, Suite 300
                         San Francisco, California 94104
                      4 Telephone:  (415) 981-4800
                         Facsimile:  (415) 981-4846
                      5 Mark C. Gardy
                      6 ABBEY GARDY, LLP
                         212 East 39th Street
                      7 New York, New York 10016
                         Telephone:  (212) 889-3700
                      8 Facsimile:  (212) 779-2418
                      9 Nadeem Faruqi
                         Shane T. Rowley
                 10 Stacey J. Dana
                         FARUQI & FARUQI, LLP
                 11 320 East 39th Street
                         New York, New York  10016
                 12 Telephone:  (212) 983-9330
                         Facsimile:  (212) 983-9331
                 13
    
                 14                                       UNITED STATES DISTRICT COURT
                 15                                      NORTHERN DISTRICT OF CALIFORNIA
    
                 16
                 17 In re ADAPTIVE BROADBAND SECURITIES                      )    Master File No.
                         LITIGATION                                          )
                 18                                                          )    DECLARATION OF ROBERT
                                                                             )    JIGARJIAN IN SUPPORT
                 19 This Document Relates To:                                )    MOTION FOR
                                                                             )    DONALD J. ANGELINI,
                 20              All Actions.                                )    AS LEAD PLAINTIFF
                                                                             )    TO SECTION
                 21                                                          )    SECURITIES EXCHANGE
                                                                             )    1934 AND FOR APPROVAL
                 22                                                          )    LEAD PLAINTIFF'S
                                                                             )    COUNSEL
                 23                                                          )) Date: June 22, 2001
                 24                                                          )    Time: 10:00 a.m.
                                                                             )    Judge: The Honorable
                 25
    
                 26
                 27
    
                 28
    
    SNIPPETS:
  • Daniel C. Girard (State Bar No. 114826)
  • GIRARD & GREEN, LLP
  • ABBEY GARDY, LLP
  • New York, New York 10016
  • FARUQI & FARUQI, LLP
  • OF R.A. JIGARJIAN SUPP.
  • FOR APPOINTMENT OF DONALD J. ANGELINI,
  • before this Court, and an associate with Girard & Green, LLP, counsel of record for Donald J.
  • I make this declaration in support of Mr. Angelini's motion for his appointment as lead
  • plaintiff pursuant to section 21Dof the Securities Exchange Act of 1934 and for approval of
  • I have personal knowledge of the facts stated herein and, if called as a witness,
  • could and would testify competently thereto.
  • signed under penalty of perjury, establishing his membership in the putative class in this
  • 10 litigation and his financial interest in the outcome of the litigation.
  • 12 Adaptive Broadband Corporation stock from August 16, 2000 to January 4, 2001 and resulting
  • 13 damages.
  • 15 Offices of Lionel Z. Glancy Commences Class Action Lawsuit Against Adaptive Broadband
  • 16 Corporation," and showing it was published March 16, 2001 over Business Wire.
  • 24 2001 at San Francisco, California.

  • 9 . PROPOSED ORDER FOR APPOINTMENT OF LEAD PLAINTIFF

    EXTRACTED KEY WORDS
    APPOINTING
    PLAINTIFF
    LEAD PLAINTIFF
    ORDER APPOINTING DONALD
    LITIGATION
    ANGELINI
    APPROVING COUNSEL
    MASTER FILE
    CONSOLIDATED CLASS ACTION
    DEFENDANTS
    CLASS ACTION
    CLASS ACTION COMPLAINT
    LLP
    SECURITIES
    EXCHANGE ACT
    MOTIONS
    FARUQI
    CO-LEAD COUNSEL
    LIAISON
    ACCEPTABLE BRIEFING
    HEARING SCHEDULE
    LAW FIRMS
    ABBEY GARDY
    GIRARD
    DUTIES
    EFFICIENT PROSECUTION
    UNPRODUCTIVE EFFORT
    AGREEMENTS
    BINDING
    
     1
    
     2
     3
    
     4
     5
    
     6
     7
    
     8                                     UNITED STATES DISTRICT COURT
     9                                    NORTHERN DISTRICT OF CALIFORNIA
    10
    11 In re ADAPTIVE BROADBAND SECURITIES ) Master File No. C-01-1092-SC
    12 LITIGATION                                         )) [PROPOSED]
    13                                                    )    ORDER APPOINTING DONALD J.
          This Document Relates To:                       )    ANGELINI, JR. AS LEAD PLAINTIFF
    14                                                    )    PURSUANT TO SECTION 21D OF
                  All Actions                             )    THE SECURITIES EXCHANGE ACT
    15                                                    )    OF 1934 AND APPROVING LEAD
                                                          )    PLAINTIFF'S CHOICE OF COUNSEL
    16
    17
    
    18
    19
    
    20
    21
    
    22
    23
    
    24
    25
    
    26
    27
    
    28
    
          ORDER APPOINTING DONALD J. ANGELINI, JR. AS LEAD PLAINTIFF AND APPROVING COUNSEL
          Master File No. C-01-1092-SC
    
    
    
     1            This Court has considered the motion of Donald J. Angelini, Jr. for his appointment
    
    
    SNIPPETS:
  • 11 In re ADAPTIVE BROADBAND SECURITIES) Master File No. C-01-1092-SC
  • ORDER APPOINTING DONALD J. ANGELINI,
  • AS LEAD PLAINTIFF AND APPROVING COUNSEL
  • plaintiff pursuant to section 21Dof the Securities Exchange Act of 1934 and for approval of
  • This appointment is without prejudice to defendants' right to challenge Lead
  • Plaintiff's adequacy, typicality, or ability to represent the absent class members in this
  • The Consolidated Class Action Complaint shall be treated as the
  • 14 report to the Court on an acceptable briefing and hearing schedule for such motions.
  • 17 Faruqi & Faruqi, LLP are appointed Co-Lead Counsel and Girard & Green, LLP is appointed
  • 20 duties:
  • orderly and efficient prosecution of this litigation and to avoid duplicative or unproductive
  • 10 such agreements shall be binding on all plaintiffs.
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