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Keywords & Phrases
CaseNo: NFI66108, CourtName: CLASS ACTION CASES, State: CA California, UniqueCaseRef: LCD>NFI66108, Common Stock, Misleading, Exchange Act, Securities Exchange Act, Securities, Dissemination, Federal Securities Laws, Financial Condition, Shares, Stock, Material Facts, Revenue, Lead Plaintiff, Market, Complaint, Individual Defendants, Fraudulent Scheme, Class Period, Violation, Relevant Times, Wilcris Trading, Consolidated Class Action, Officers, Demand, Violations, Market Price, Price, Directors, Artificially Inflated Prices, Purchasers, Revenue Guidance, Materially False , ContentID: 120246221

Case Documents
1   MEMO IN SUPPORT OF MOTION OF WILCRIS TRADING LLC
[ see first page and extracted highlights below  ] ItemID: 114555
9 pages
PDF
2   JURY TRIAL DEMANDED
[ see first page and extracted highlights below  ] ItemID: 114554
20 pages
PDF
3   JURY TRIAL DEMAND
[ see first page and extracted highlights below  ] ItemID: 114553
18 pages
PDF
4   DECLARATION OF SHAWN A WILLIAMS
[ see first page and extracted highlights below  ] ItemID: 114552
3 pages
PDF
5   COMPLAINT E
[ see first page and extracted highlights below  ] ItemID: 114549
19 pages
PDF
6   COMPLAINT D
[ see first page and extracted highlights below  ] ItemID: 114548
20 pages
PDF
7   COMPLAINT C
[ see first page and extracted highlights below  ] ItemID: 114547
19 pages
PDF
8   COMPLAINT B
[ see first page and extracted highlights below  ] ItemID: 114546
16 pages
PDF
9   COMPLAINT A
[ see first page and extracted highlights below  ] ItemID: 114545
32 pages
PDF
10 2001-06-22 SUPP DECLARATION OF MARK A GORDON
[ see first page and extracted highlights below  ] ItemID: 114557
2 pages
PDF
11 2001-06-22 OPPOSITION OF PROPOSED LEAD PLAINTIFF
[ see first page and extracted highlights below  ] ItemID: 114556
10 pages
PDF
12 2001-06-22 DECLARATION OF JILL MANNING IN SUPPORT WILCRIS TRADING FOR LEAD PLAINTIFF
[ see first page and extracted highlights below  ] ItemID: 114551
3 pages
PDF
13 2001-06-22 DECLARATION OF JILL M MANNING IN SUPPORT OF OPPOSITION TO MOTIONS
[ see first page and extracted highlights below  ] ItemID: 114550
3 pages
PDF
Total Documents: 13 documents , 174 pages
Price: $ 79.95


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1 . MEMO IN SUPPORT OF MOTION OF WILCRIS TRADING LLC

EXTRACTED KEY WORDS
WILCRIS TRADING
COURT
APPOINTMENT
MEMBERS
COUNSEL
MOVANT
FOCUS STOCK
MOTION
WILLIAMS
APPROVE
EXCHANGE ACT
CLASS PERIOD
ALLEGE
DEFENDANTS
PURCHASE
SERVE
TYPICALITY
COMPLAINTS
WILLIAMS DECL
CONSOLIDATION
ADEQUATE
SECURITIES
DECLARATION
SELECTION
PURSUANT
LITIGATION
PRICE
SHARES
REPRESENTATION


KIRBY, McINERNEY & SQUIRE, LLP
IRA M. PRESS
RANDALL K. BERGER
830 Third Avenue, 10th Floor
New York, NY 10022
Telephone: 212/317-2300
212/751-2540 (fax)
- and -
JILL M. MANNING (178849)
7665 Redwood Blvd., Suite 200
Novato, CA 94945
Telephone: 415/898-8160
415/898-4861 (fax)

MILBERG WEISS BERSHAD
HYNES & LERACH LLP
PATRICK J. COUGHLIN (111070)
JEFFREY W. LAWRENCE (166806)
SHAWN A. WILLIAMS (pro hac vice)
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] Co-Lead Counsel for Plaintiffs



                           UNITED STATES DISTRICT COURT

                        NORTHERN DISTRICT OF CALIFORNIA
In re NEW FOCUS, INC.                     )
SECURITIES LITIGATION                     )  Master File No. C-01-1020-SC
__________________________________        )  CLASS ACTION
This Document Relates To:                 ) )  MEMORANDUM OF POINTS
ALL ACTIONS.                              ) )  AND AUTHORITIES IN SUPPORT
__________________________________ )  OF MOTION FOR APPOINTMENT
                                              OF WILCRIS TRADING LLC AS
                                              LEAD PLAINTIFF AND FOR

SNIPPETS:
  • UNITED STATES DISTRICT COURT
  • OF MOTION FOR APPOINTMENT
  • The Court Should Appoint Wilcris Trading to Serve as Lead Plaintiff
  • The Court Should Approve Wilcris Trading's Selection of Lead Counsel
  • PLEASE TAKE NOTICE that on June 22, 2001, at 10:00 a.m., or as soon thereafter as this matter sel.
  • This motion is brought pursuant to the provisions of the Private Securities Litigation Reform
  • motion is based upon this Notice; the Memorandum of Points and Authorities in Support
  • Class member Wilcris Trading LLC ("Wilcris Trading" or "movant") moves this Court for
  • Wilcris Trading invested almost $3.0 million in New Focus stock during the class period
  • Movant is believed to have the largest financial interest in the relief sought by this action
  • C to the Declaration of Shawn A. Williams in Support of Motion for Appointment of Wilcris
  • Williams Decl., Ex.
  • Pursuant to a stipulation, this Court ordered that all cases be consolidated, establishing a
  • The Exchange Act, as amended by the PSLRA, provides that class members may move this Court to
  • The complaints in the consolidated action allege that New Focus and certain of its officers
  • On January 30, 2001, defendants issued a press release announcing New Focus' fourth quarter
  • In reaction to the announcement, New Focus' share price jumped from $49-3/8 to over $60, an
  • Within days, the individual defendants entered into a massive insider selling campaign, with
  • Movant Wilcris Trading suffered catastrophic damages totaling over $1.6 million resulting
  • As set forth below, Wilcris Trading also satisfies the typicality and adequacy requirements
  • Rule 23's requirement of adequate representation is satisfied where it appears that

  • 2 . JURY TRIAL DEMANDED

    EXTRACTED KEY WORDS
    DEFENDANTS
    FOCUS COMMON STOCK
    EXCHANGE ACT
    DISSEMINATION
    SECURITIES
    BUSINESS
    SELL
    MARKET
    SHARES
    MARKET PRICE
    MEMBERS
    FRAUDULENT SCHEME
    MATERIAL FACTS
    REVENUE
    DELIBERATE DISREGARD
    PLAINTIFF
    INDIVIDUAL DEFENDANTS
    MATERIALLY FALSE
    FINANCIAL CONDITION
    BUSINESS PROSPECTS
    PARTICIPATION
    PROJECTIONS
    MANAGEMENT
    RELEVANT TIMES
    LERACH LLP
    WILLIAM
    FEDERMAN
    SECURITIES LAWS
    CANCELED ORDERS
    
     1 MILBERG WEISS BERSHAD
            HYNES & LERACH LLP
     2 REED R. KATHREIN (139304)
          100 Pine Street, Suite 2600
     3 San Francisco, CA  94111
          Telephone:  415/288-4545
     4 415/288-4534 (fax)
                  - and -
     5 WILLIAM S. LERACH (68581)
          DARREN J. ROBBINS (168593)
     6 600 West Broadway, Suite 1800
          San Diego, CA  92101
     7 Telephone:  619/231-1058
          619/231-7423 (fax)
     8 DREIER BARITZ & FEDERMAN
     9 WILLIAM B. FEDERMAN
          120 N. Robinson, Suite 2720
    10 Oklahoma City, OK  73102
          Telephone:  405/235-1560
    11 405/239-2112 (fax)
    
    12 Attorneys for Plaintiff
    
    13 [Additional counsel appear on signature page.]
    14                                    UNITED STATES DISTRICT COURT
    15                                   NORTHERN DISTRICT OF CALIFORNIA
    16
    17 L.A. SPECK, On Behalf of Himself and All Others ) No.
          Similarly Situated,                             )
    18                                                    ) CLASS ACTION
                                           Plaintiff,     )
    19                                                    ) COMPLAINT FOR VIOLATIONS OF THE
                  vs.                                     ) SECURITIES EXCHANGE ACT OF 1934
    20                                                    )
          NEW FOCUS, INC., MILTON CHANG,                  )
    21 KENNETH E. WESTRICK, NICOLA                        )
          PIGNATI, JOHN A. DEXHEIMER, R. CLARK )
    22 HARRIS, TIMOTHY DAY, ROBERT A.                     )
          MARSLAND, GEORGE D. YULE, WINSTON )
    23 S. FU and BAO-TONG MA,                             ))
    24                                     Defendants.    )) DEMAND FOR JURY TRIAL
    25
    26
    
    27
    
    28
    
    
    
    SNIPPETS:
  • MILBERG WEISS BERSHAD HYNES & LERACH LLP
  • DREIER BARITZ & FEDERMAN
  • WILLIAM B. FEDERMAN
  • seeking to pursue remedies under the Securities Exchange Act of 1934.
  • This action involves, among other things, the dissemination of false and misleading
  • to allow several officers and directors, named as defendants herein, to sell or arrange to
  • Many of the acts alleged herein, including the preparation and dissemination of materially
  • Additionally, defendants maintain
  • 18 their chief executive offices and principal place of business within this District.
  • 27 purports to design, manufacture and market fiber optic products for next-generation
  • New Focus common stock valued at $11.6 million.
  • 12 of the fraudulent scheme, defendant Westrick sold, or arranged to sell, 100,000 shares of
  • Supply Chain Management for the Company.
  • markets and present and future business prospects via access to internal corporate documents
  • growth, financial statements, and financial condition, as alleged herein.
  • National Market System, and governed by the provisions of the federal securities laws, the 10
  • 14 market price of the Company's common stock would be based upon truthful and accurate
  • 15 Individual Defendants' misrepresentations and omissions during the Class Period violated
  • 13 while in possession of material, non-public information; and caused plaintiff and other
  • While the exact number of Class members is unknown to plaintiff at this time and can only be
  • 12 Period misrepresented material facts about the business, operations and financial
  • 23 a release reporting "Strong" results for its 4Q:00, the period ended 12/31/00, and raised
  • 18 delayed or canceled orders and as market conditions rapidly deteriorated around the
  • 27 projections, and issued such projections only as part of a scheme to artificially inflate
  • 18 relevant times.
  • of affirmative statements and reports, or participation in the making of affirmative
  • facts set forth herein, or acted with deliberate disregard for the truth in that they failed

  • 3 . JURY TRIAL DEMAND

    EXTRACTED KEY WORDS
    VIOLATIONS
    COMPLAINT
    PLAINTIFFS
    DEFENDANTS
    PRICE
    SHARES
    STULL
    BRODY
    SUFFERED DAMAGES
    STOCK
    MATERIALS
    SOLD
    BUSINESS
    CLASS MEMBERS
    PURCHASE
    MISLEADING
    REVENUE GUIDANCE
    MARKET PRICE
    EXCHANGE ACT
    MATERIAL FACTS
    MISREPRESENTATIONS
    DISSEMINATION
    LOS ANGELES
    PLAINTIFF ALLEGES VIOLATIONS
    RELEVANT TIMES
    VICE PRESIDENT
    ARTIFICIALLY HIGH
    OMISSIONS
    FIBER OPTICS
    
     1 Michael D. Braun (167416)
          Patrice L. Bishop (182256)
     2 STULL, STULL & BRODY
          10940 Wilshire Boulevard
     3 Suite 2300
          Los Angeles, CA 90024
     4 Tel: (310) 209-2468
    
     5 Kevin J. Yourman (147159)
          WEISS & YOURMAN
     6 10940 Wilshire Boulevard
          24th Floor
     7 Los Angeles, CA 90024
          Tel: (310) 208-2800
     8 Jules Brody
     9 Aaron L. Brody
          STULL, STULL & BRODY
    10 6 East 45th Street
          New York, NY 10017
    11 Tel:  (212) 687-7230
    
    12 Attorneys for Plaintiff
    
    13                                         UNITED STATES DISTRICT COURT
    14                                      NORTHERN DISTRICT OF CALIFORNIA
    15
    
    16 AVI MANDEL, on Behalf of Himself and )                             CASE NO.
    17 All Others Similarly Situated,                             ))      CLASS ACTION
    18                                Plaintiff,                  ))      COMPLAINT FOR VIOLATIONS OF
    19                      v.                                    )       THE FEDERAL SECURITIES LAWS
                                                                  )
    20 NEW FOCUS, INC.; MILTON M.                                 )       JURY TRIAL DEMANDED
          CHANG; KENNETH E. WESTRICK;                             )
    21 NICOLA PIGNATI; JOHN A.                                    )
          DEXHEIMER; R. CLARK HARRIS;                             )
    22 TIMOTHY DAY; ROBERT A.                                     )
          MARSLAND; GEORGE YULE; BAO-                             )
    23 TONG MA,                                                   ))
    24                                Defendants.                 )
          __________________________________ )
    25
    
    26
    
    27
    
    28
    
    
    SNIPPETS:
  • STULL, STULL & BRODY
  • Los Angeles,
  • COMPLAINT FOR VIOLATIONS OF FEDERAL SECURITIES LAWS CASE NO.
  • and who have suffered damages as the result of these purchases.
  • Plaintiff alleges violations of the federal securities laws against New Focus,
  • This January 30th press release caused the Company's stock price to
  • In the five business days following the announcement, defendants sold over $35
  • 18 a result of defendants' dissemination of false and misleading information,
  • and §27 of the Securities Exchange Act of 1934 (15
  • 13 optic products for next-generation optical networks, being sold under the Smart Optics for
  • 19 2001, Chang sold 200,000 shares of New Focus securities for approximately $11.6 in
  • Vice President of Engineering Telecom and Chief Technology Officer of the Company.
  • 14 Vice President of World Wide Materials for the Company.
  • 25 artificially high market price for New Focus shares.
  • 12 issued a press release admitting the truth and lowered its revenue guidance for the year.
  • growth potential of the fiber optics industry"
  • Defendants' material misrepresentations and omissions had the effect of artificially
  • 19 class members who bought shares during the Class Period were harmed thereby,
  • At all relevant times, each
  • Defendant was in a position to know, and did in fact know the material facts regarding the
  • While the exact number of Class members is unknown to plaintiffs at this time and
  • 10 the Class to purchase New Focus securities at inflated prices.

  • 4 . DECLARATION OF SHAWN A WILLIAMS

    EXTRACTED KEY WORDS
    SAN FRANCISCO
    CALIFORNIA
    WILCRIS TRADING
    HERETO
    EXHIBIT
    LERACH LLP
    LAW FIRM
    MILBERG WEISS BERSHAD
    SHAWN
    WILLIAMS
    COUNSEL
    WEISS BERSHAD HYNES
    LEAD PLAINTIFF
    WILCRIS TRADING LLC
    MOVANT WILCRIS TRADING
    EXECUTIVES
    SUITE
    PRO HAC VICE
    NORTHERN DISTRICT
    SUPPORT
    MOTION
    APPOINTMENT
    SELECTION
    CERTIFY
    FACTS
    BUSINESS
    PENALTY
    PERJURY
    FOREGOING
    
    
    
    KIRBY, McINERNEY & SQUIRE, LLP
    IRA M. PRESS
    RANDALL K. BERGER
    830 Third Avenue, 10th Floor
    New York, NY 10022
    Telephone: 212/317-2300
    212/751-2540 (fax)
    - and -
    JILL M. MANNING (178849)
    7665 Redwood Blvd., Suite 200
    Novato, CA 94945
    Telephone: 415/898-8160
    415/898-4861 (fax)
    
    MILBERG WEISS BERSHAD
    HYNES & LERACH LLP
    PATRICK J. COUGHLIN (111070)
    JEFFREY W. LAWRENCE (166806)
    SHAWN A. WILLIAMS (pro hac vice)
    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] Co-Lead Counsel for Plaintiffs
    
    
    
    
                                UNITED STATES DISTRICT COURT
    
                               NORTHERN DISTRICT OF CALIFORNIA
    In re NEW FOCUS, INC.                     )  Master File No. C-01-1020-SC
    SECURITIES LITIGATION                     )
    _________________________________         )  CLASS ACTION
    This Document Relates To:                 ) ) DECLARATION OF SHAWN A.
                                                    WILLIAMS IN SUPPORT OF
    ALL ACTIONS.                              ) ) MOTION FOR APPOINTMENT OF
    __________________________________ )  WILCRIS TRADING LLC AS LEAD
                                                 PLAINTIFF AND FOR APPROVAL
    
    SNIPPETS:
  • 7665 Redwood Blvd., Suite 200
  • I, Shawn A. Williams, do declare:
  • I am an associate with the law firm of Milberg Weiss Bershad Hynes & Lerach LLP, counsel for
  • I am duly admitted to practice in the State of New York and admitted to the Northern District
  • I make this declaration in support of Wilcris Trading's motion for appointment as lead
  • I certify that the following facts are true and correct, and, if called as a witness, I would
  • Attached hereto as Exhibit A is a true and correct copy of the notice to class members
  • I declare under penalty of perjury under the laws of the State of California that the
  • Executed this 11th day of May, 2001, at San Francisco, California.

  • 5 . COMPLAINT E

    EXTRACTED KEY WORDS
    DEFENDANTS
    MISLEADING
    PLAINTIFF
    EXCHANGE ACT
    SECURITIES
    FINANCIAL CONDITION
    DISSEMINATION
    OFFICERS
    LAW
    REVENUE
    DIRECTORS
    MARKET
    MEMBERS
    DEMAND
    RELEVANT TIMES
    INDIVIDUAL DEFENDANTS
    ARTIFICIALLY INFLATED PRICES
    FRAUDULENT SCHEME
    MATERIAL FACTS
    PURCHASERS
    MATERIALLY FALSE
    DELIBERATE DISREGARD
    PARTICIPATION
    DETERIORATING FINANCIAL CONDITION
    BUSINESS PROSPECTS
    MANAGEMENT
    REVENUE GUIDANCE
    EARNINGS PROJECTIONS
    MISREPRESENTATIONS
    
    
    
    MILBERG WEISS BERSHAD
    HYNES & LERACH LLP
    PATRICK J. COUGHLIN (111070)
    JEFFREY W. LAWRENCE (166806)
    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
    
    GEORGE PATTON, On Behalf of Himself                )  No. C-01-1413-EDL
    and All Others Similarly Situated,                 )  CLASS ACTION
                            Plaintiff,                 ) )  COMPLAINT FOR VIOLATIONS
        vs.                                            ) )  OF THE SECURITIES EXCHANGE
                                                       )
    NEW FOCUS, INC., MILTON CHANG,                           ACT OF 1934
                                                       )
    KENNETH E. WESTRICK, NICOLA
                                                       )
    PIGNATI, JOHN A. DEXHEIMER, R.
                                                       )
    CLARK HARRIS, TIMOTHY DAY,                         )
    ROBERT A. MARSLAND, GEORGE D.    )
    YULE, WINSTON S. FU and                            )
                                                       )
    BAO-TONG MA,
                                                       )
                                                       )
    
    SNIPPETS:
  • This is a securities fraud class action on behalf of all purchasers of the common stock of
  • seeking to pursue remedies under the Securities Exchange Act of 1934.
  • This action involves, among other things, the dissemination of false and misleading
  • Many of the acts alleged herein, including the preparation and dissemination of materially
  • Plaintiff George Patton purchased the common stock of New Focus at artificially inflated
  • According to the Company, New Focus purports to design, manufacture and market fiber optic
  • The defendants identified below (the "Individual Defendants") served at all times material to
  • Defendant Milton Chang is, and at all relevant times was, Chairman of the Board and a
  • During the Class Period and as part of the fraudulent scheme, defendant Chang sold, or
  • Defendant George D. Yule is, and at all relevant times was, Vice President Supply Chain
  • As officers and/or directors and controlling persons of a publicly held company whose common ucts, markets, management, earnings and present and future business prospects, and to correct any
  • Each of the defendants is liable as a participant in a fraudulent scheme and course of
  • Excluded from the Class are defendants, the officers and directors of the Company, members of
  • Plaintiff's claims are typical of the claims of the members of the Class as all members of
  • The company's revenue expanded sharply during the fourth quarter, marking the third
  • The company also increased revenue guidance for fiscal year 2001 based upon higher revenue
  • Based on market conditions which defendants knew existed at that time, or which they
  • statements and omitting to disclose material facts necessary to make defendants' statements,
  • the material misrepresentations and omissions particularized in this Complaint directly or
  • In addition to the duties of full disclosure imposed on defendants as a result of their ate and truthful information with respect to the Company's operations, financial condition and
  • The defendants had actual knowledge of the misrepresentations and omissions of material facts

  • 6 . COMPLAINT D

    EXTRACTED KEY WORDS
    COMMON STOCK
    PLAINTIFF
    EXCHANGE ACT
    SECURITIES
    LAW
    REVENUE
    MARKET
    MEMBERS
    MISLEADING
    DEMAND
    RELEVANT TIMES
    BUSINESS
    INDIVIDUAL DEFENDANTS
    SHARES
    ARTIFICIALLY INFLATED PRICES
    FRAUDULENT SCHEME
    MATERIAL FACTS
    PURCHASERS
    MATERIALLY FALSE
    FINANCIAL CONDITION
    DELIBERATE DISREGARD
    DISSEMINATION
    PARTICIPATION
    HOLZER
    BUSINESS PROSPECTS
    MANAGEMENT
    REVENUE GUIDANCE
    EARNINGS PROJECTIONS
    MISREPRESENTATIONS
    
    
    
    MILBERG WEISS BERSHAD
    HYNES & LERACH LLP
    PATRICK J. COUGHLIN (111070)
    JEFFREY W. LAWRENCE (166806)
    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)
    
    BRODSKY & SMITH, LLC
    EVAN J. SMITH
    11 Bala Avenue, Suite 39
    Bala Cynwyd, PA 19004
    Telephone: 610/668-7987
    610/660-0450 (fax)
    
    LAW OFFICES OF BRIAN M. FELGOISE
    BRIAN M. FELGOISE
    230 South Broad Street, Suite 404
    Philadelphia, PA 19102
    Telephone: 215/735-6810
    215/735-5185 (fax)
    
    HOLZER & HOLZER
    COREY D. HOLZER
    6135 Barfield Road, Suite 102
    Atlanta, GA 30328
    Telephone: 404/847-0085
    404/847-0036 (fax)
    
     Attorneys for Plaintiff
    
                                  UNITED STATES DISTRICT COURT
    
                               NORTHERN DISTRICT OF CALIFORNIA
    
    
    JOHN SPANOS, On Behalf of Himself           )  No. C-01-1328-MJJ
    and All Others Similarly Situated,          ) )  CLASS ACTION
    
    
    SNIPPETS:
  • HOLZER & HOLZER COREY D. HOLZER
  • This is a securities fraud class action on behalf of all purchasers of the common stock of
  • This action involves, among other things, the dissemination of false and misleading
  • Many of the acts alleged herein, including the preparation and dissemination of materially
  • defendants maintain their chief executive offices and principal place of business within this
  • Plaintiff John Spanos purchased the common stock of New Focus at artificially inflated prices
  • According to the Company, New Focus purports to design, manufacture and market fiber optic
  • The defendants identified below (the "Individual Defendants") served at all times material to
  • Defendant Milton Chang is, and at all relevant times was, Chairman of the Board and a
  • During the Class Period and as part of the fraudulent scheme, defendant Chang sold, or
  • Defendant George D. Yule is, and at all relevant times was, Vice President Supply Chain
  • Because of the Individual Defendants' positions with the Company, they had access to the n provided to them in connection therewith.
  • Excluded from the Class are defendants, the officers and directors of the Company, members of
  • Plaintiff's claims are typical of the claims of the members of the Class as all members of
  • The company's revenue expanded sharply during the fourth quarter, marking the third
  • The company also increased revenue guidance for fiscal year 2001 based upon higher revenue
  • Based on market conditions which defendants knew existed at that time, or which they
  • During the Class Period, defendants materially misled the investing public, thereby inflating
  • the material misrepresentations and omissions particularized in this Complaint directly or
  • In addition to the duties of full disclosure imposed on defendants as a result of their ate and truthful information with respect to the Company's operations, financial condition and
  • The defendants had actual knowledge of the misrepresentations and omissions of material facts

  • 7 . COMPLAINT C

    EXTRACTED KEY WORDS
    DEFENDANTS
    MISLEADING
    PLAINTIFF
    EXCHANGE ACT
    SECURITIES
    FINANCIAL CONDITION
    DISSEMINATION
    REVENUE
    MARKET
    MEMBERS
    DEMAND
    RELEVANT TIMES
    BUSINESS
    INDIVIDUAL DEFENDANTS
    SHARES
    ARTIFICIALLY INFLATED PRICES
    FRAUDULENT SCHEME
    MATERIAL FACTS
    PURCHASERS
    MATERIALLY FALSE
    DELIBERATE DISREGARD
    PARTICIPATION
    MILTON CHANG
    DETERIORATING FINANCIAL CONDITION
    BUSINESS PROSPECTS
    MANAGEMENT
    FEDERAL SECURITIES LAWS
    REVENUE GUIDANCE
    EARNINGS PROJECTIONS
    
    
    
    
    MILBERG WEISS BERSHAD
    HYNES & LERACH LLP
    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)
    DARREN J. ROBBINS (168593)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    619/231-7423 (fax)
    
    BULL & LIFSHITZ, LLP
    JOSHUA M. LIFSHITZ
    PETER D. BULL
    246 West 38th Street
    New York, NY 10018
    Telephone: 212-869-9449
    212/869-5632 (fax)
    
    Attorneys for Plaintiff
    
                                       UNITED STATES DISTRICT COURT
    
                                    NORTHERN DISTRICT OF CALIFORNIA
    
    
    JACOB DEUTSCH, On Behalf of Himself               )  No. C-01-1123-JL
    and All Others Similarly Situated,                )  CLASS ACTION
                            Plaintiff,                ) )  COMPLAINT FOR VIOLATIONS
        vs.                                           ) )  OF THE SECURITIES EXCHANGE
    NEW FOCUS, INC., MILTON CHANG,   )  ACT OF 1934
                                                      )
    KENNETH E. WESTRICK, NICOLA
                                                      )
    PIGNATI, JOHN A. DEXHEIMER, R.
                                                      )
    CLARK HARRIS, TIMOTHY DAY,                        )
    ROBERT A. MARSLAND, GEORGE D.   )
    YULE, WINSTON S. FU and                           )
                                                      )
    BAO-TONG MA,
    
    SNIPPETS:
  • This is a securities fraud class action on behalf of all purchasers of the common stock of
  • This action involves, among other things, the dissemination of false and misleading
  • Many of the acts alleged herein, including the preparation and dissemination of materially
  • defendants maintain their chief executive offices and principal place of business within this
  • Plaintiff Jacob Deutsch purchased the common stock of New Focus at artificially inflated
  • According to the Company, New Focus purports to design, manufacture and market fiber optic
  • The defendants identified below (the "Individual Defendants") served at all times material to
  • Defendant Milton Chang is, and at all relevant times was, Chairman of the Board and a
  • During the Class Period and as part of the fraudulent scheme, defendant Westrick sold, or
  • Defendant George D. Yule is, and at all relevant times was, Vice President Supply Chain
  • Because of the Individual Defendants' positions with the Company, they had access to the n provided to them in connection therewith.
  • Said defendants were involved in drafting, producing, reviewing and/or disseminating the
  • Excluded from the Class are defendants, the officers and directors of the Company, members of
  • The company's revenue expanded sharply during the fourth quarter, marking the third
  • The company also increased revenue guidance for fiscal year 2001 based upon higher revenue
  • Based on market conditions which defendants knew existed at that time, or which they
  • statements and omitting to disclose material facts necessary to make defendants' statements,
  • In addition to the duties of full disclosure imposed on defendants as a result of their ate and truthful information with respect to the Company's operations, financial condition and
  • The defendants had actual knowledge of the misrepresentations and omissions of material facts

  • 8 . COMPLAINT B

    EXTRACTED KEY WORDS
    SECURITIES EXCHANGE ACT
    PLAINTIFF
    VIOLATION
    COMPLAINT
    CLASS PERIOD
    STOCK
    MARKET PRICE
    MATERIAL FACTS
    PUBLIC FILINGS
    FRAUD
    MISLEADING
    BUSINESS
    MEMBERS
    CALIFORNIA STATE BAR
    ATTORNEYS
    DIRECTORS
    KIRBY MCINERNEY
    SQUIRE
    LLP
    COMMON STOCK
    DISSEMINATION
    TRANSACTIONS GIVING RISE
    EXECUTIVES
    SENIOR OFFICERS
    FINANCIAL CONDITION
    PURCHASERS
    PARTICIPATION
    MISREPRESENTATIONS
    OMISSIONS
    
     1 IRA M. PRESS
          MARK A. STRAUSS (California State Bar #196471)
     2 KIRBY MCINERNEY & SQUIRE, LLP
          830 Third Avenue, 10th Floor
     3 New York, NY 10022
          (212) 371-6600
     4 JILL M. MANNING (California State Bar #178849)
     5 KIRBY MCINERNEY & SQUIRE, LLP
          7665 Redwood Blvd., Suite 200
     6 Novato, CA 94945
          (415) 898-8160
     7 Attorneys for Plaintiff
     8
    
     9
    
    10                                    UNITED STATES DISTRICT COURT
    
    11                                  NORTHERN DISTRICT OF CALIFORNIA
    
    12
    
    13 SAMUEL ROSEN, INDIVIDUALLY AND ON BEHALF )
          OF ALL OTHERS SIMILARLY SITUATED,                 )
    14                                                      )
                                  PLAINTIFF,                )
    15                                                      )         CASE NO.
                         V.                                 )
    16                                                      )
          NEW FOCUS INC., MILTON M. CHANG,                  )         COMPLAINT FOR VIOLATION OF
    17 KENNETH  E. WESTRICK, NICOLA PIGNATI,                )         THE SECURITIES EXCHANGE ACT
          JOHN A. DEXHEIMER, R. CLARK HARRIS,               )         OF 1934
    18 ROBERT A. MARSLAND, GEORGE YULE, AND                 )
          BAO-TONG MA,                                      )         JURY TRIAL DEMANDED
    19                                                      )
                                  DEFENDANTS                )
    20
    
    21
    
    22           Plaintiff, by undersigned counsel, alleges the following upon personal knowledge as to
    
    23 and plaintiff's acts and as to all other matters upon information and belief upon, inter alia,
    
    24 investigation made by and through plaintiff's attorneys, including a review of the public
    
    25 Focus Inc. ("New Focus" or the "Company")  with the Securities and Exchange Commission ("SEC"),
    
    26 and public statements made by or reasonably attributable to defendants or their agents.
    
    SNIPPETS:
  • KIRBY MCINERNEY & SQUIRE, LLP
  • JILL M. MANNING (California State Bar #178849)
  • Attorneys for Plaintiff
  • 26 and public statements made by or reasonably attributable to defendants or their agents.
  • COMPLAINT FOR VIOLATION OF THE SECURITIES EXCHANGE ACT OF 1934
  • and directors as detailed below, for securities fraud under sections 10and 20of the Securities
  • press release caused the Company's stock price to artificially escalate.
  • As a result of defendants' dissemination
  • 18 of false and misleading information, the value of New Focus stock dropped dramatically.
  • 21 Section 27 of the Securities Exchange Act of 1934, 15 U.S.C. § 78aa and 28
  • 10 State of Delaware with its principal place of business located in Santa Clara,
  • finances, financial condition, present and future business prospects.
  • PLAINTIFF'S DAMAGES THROUGH A FRAUD ON THE MARKET
  • 19 and other members of the Class relied on the integrity of the market price of New Focus'
  • On information and belief, there were hundreds, if not thousands of purchasers New
  • 11 Focus stock during the class period.
  • 15 common stock during the class period was approximately five million shares.
  • misrepresentations or by omitting to state material facts necessary to render statements
  • 26 participation in the making of, untrue statements of material facts and omitting to state
  • they were high-level executives of the Company during the Class period
  • activities as senior officers of the Company, they were privy to and participated in the
  • 10 representations of and about New Focus, and/or signed the Company's public filings with
  • 17 omissions of material facts set forth herein, or acted with reckless disregard for the
  • 18 or influence the particular transactions giving rise to the securities violations as

  • 9 . COMPLAINT A

    EXTRACTED KEY WORDS
    SECURITIES EXCHANGE ACT
    CONSOLIDATED CLASS ACTION
    STOCK
    PLAINTIFF
    PRICE
    CLASS PERIOD
    TRADING
    OFFICERS
    VIOLATION
    CLASS ACTION COMPLAINT
    SHARES
    DIRECTORS
    BUSINESS
    INDIVIDUAL DEFENDANTS
    REVENUE GUIDANCE
    MARKET PRICE
    MISLEADING
    MATERIAL FACTS
    COMMON STOCK
    TRANSACTION
    FRAUDULENT SCHEME
    FINANCIAL CONDITION
    ACQUISITION
    MANAGEMENT
    CERTIFICATION
    KIRBY MCINERNEY
    SQUIRE
    LLP
    THIRD AVENUE
    
     1 Randall K. Berger (pro hac vice)
          KIRBY MCINERNEY & SQUIRE, LLP
     2 830 Third Avenue, 10th Floor
          New York, NY  10022
     3 Phone: (212) 371-6600
          Facsimile: (212) 751-2540
     4 Jill M. Manning (Cal. State Bar #178849)
     5 KIRBY MCINERNEY & SQUIRE, LLP
          7665 Redwood Boulevard, Suite 200
     6 Novato, CA  94945
          Phone: (415) 898-8160
     7 Facsimile: (415) 898-4861
    
     8 Attorneys for Lead Plaintiff Wilcris Trading LLC
    
     9                                    UNITED STATES DISTRICT COURT
    10                                  NORTHERN DISTRICT OF CALIFORNIA
    11
    
    12     IN RE NEW FOCUS, INC.                         ) Master File No. C­01-1020-SC
    13     SECURITIES LITIGATION                         )) CLASS ACTION
    14     _________________________________             )
           THIS DOCUMENT RELATES TO:                     ) CONSOLIDATED CLASS ACTION COMPLAINT
    15                                                   ) FOR VIOLATION OF THE SECURITIES
           ALL ACTIONS                                   ) EXCHANGE ACT OF 1934
    16                                                   )
           _________________________________             ) JURY TRIAL DEMANDED
    17
    
    18
    19                   Plaintiff, by undersigned counsel, alleges the following upon personal
    
    20 to plaintiff and plaintiff's acts and as to all other matters upon information and belief upon,
    
    21 alia, the investigation made by and through plaintiff's attorneys, including a review of the
    
    22 filings of New Focus Inc. ("New Focus" or the "Company") with the Securities and Exchange
    
    23 Commission ("SEC"), and public statements made by or reasonably attributable to defendants or
    
    24 their agents.
    25                                         NATURE OF THE ACTION
    26                   1.     Plaintiff  brings this class action against New Focus, and certain of
    
    27 officers and directors as detailed below,  for securities fraud under sections 10(b) and 20(a)
    
    28 Securities Exchange Act of 1934, on behalf of a class ("Class") comprised of all persons who
           ____________________________________________________________________________________________
              CONSOLIDATED CLASS ACTION COMPLAINT FOR VIOLATION OF THE SECURITIES EXCHANGE ACT OF 1934
    
    SNIPPETS:
  • KIRBY MCINERNEY & SQUIRE, LLP
  • 830 Third Avenue, 10th Floor
  • Attorneys for Lead Plaintiff Wilcris Trading LLC
  • 28 Securities Exchange Act of 1934, on behalf of a class comprised of all persons who
  • CONSOLIDATED CLASS ACTION COMPLAINT FOR VIOLATION OF THE SECURITIES EXCHANGE ACT OF 1934
  • March 5, 2001, other than those people identified as Individual Defendants
  • suffered a slowdown in business as carriers cut back capital expenditures.
  • Focus' stock price dropped accordingly in late January, as the market anticipated that its
  • 14 Company's stock price rose sharply as a result.
  • 16 the Company's stock price in late January was to use over a million shares of artificially
  • 17 Company stock as currency to consummate the acquisition of Globe Y. Technology,
  • New Focus closed the Globe Y transaction exactly 10 trading
  • the day of defendants' January 30 false and misleading announcement.
  • 24 Focus at artificially inflated prices during the Class Period, as reflected in the
  • 22 times material to the claims set forth herein as senior officers and/or directors of New
  • 27 held New Focus common stock valued at $550,000.
  • Period and as part of the fraudulent scheme, defendant Westrick sold 5,000 shares of his
  • 21 Vice President Supply Chain Management for the Company.
  • financial condition, products, markets, customer relationships, and present and future
  • 12 Plaintiff and other members of the Class relied on the integrity of the market price of
  • 20 material misrepresentations or by omitting to state material facts necessary to render
  • Company's press release set forth a "Business Outlook" that raised revenue guidance for

  • 10 . SUPP DECLARATION OF MARK A GORDON

    EXTRACTED KEY WORDS
    COUNSEL
    MOTION
    LEAD PLAINTIFFS
    YOURMAN
    MARK
    GORDON
    MANDEL
    SUPPLEMENTAL DECLARATION
    WEISS
    LOS ANGELES
    MICHAEL
    STULL
    FOCUS SHAREHOLDER
    MOVANTS
    APPOINTMENT
    LEAD PLAINTIFFS PURSUANT
    SECURITIES EXCHANGE ACT
    APPROVE LEAD
    LLC
    MEMORANDUM
    AUTHORITIES
    SUPPORT THEREOF
    WILLIAM JAMES BELL
    TRUSTEE
    THOMSON-CSF VENTURES
    ALEXANDER NEHRING
    WESTGREEN HOLDINGS
    AMERICA
    FOREGOING
    
     1 Kevin J. Yourman (147159)
          Jordan L. Lurie (130013)
     2 Mark A. Gordon (160113)
          WEISS & YOURMAN
     3 10940 Wilshire Boulevard
          24th Floor
     4 Los Angeles, CA 90024
          Tel: (310) 208-2800
     5 Facsimile (310) 209-2348
     6 Michael D. Braun (167416)
          Patrice L. Bishop (182256)
     7 STULL, STULL & BRODY
          10940 Wilshire Boulevard
     8 Suite 2300
          Los Angeles, CA 90024
     9 Tel:        (310) 209-2468
          Fax: (310) 209-2087
    10 Attorneys for Plaintiff/Movants
    11
    12 [Proposed Lead Counsel for the Class]
    13
    14                                        UNITED STATES DISTRICT COURT
    15                                     NORTHERN DISTRICT OF CALIFORNIA
    16
    17 AVI MANDEL. on Behalf of Himself and All ) CASE NO.  CV-01-1020 SC
          Others Similarly Situated,                            )
    18                                                          ) CLASS ACTION
                                      Plaintiff,                )
    19                                                          ) SUPPLEMENTAL DECLARATION OF
                            v.                                  ) MARK A. GORDON IN SUPPORT OF
    20                                                          ) REPLY BRIEF IN FURTHER SUPPORT
          NEW FOCUS, INC.; MILTON M. CHANG; ) OF THE NEW FOCUS SHAREHOLDER
    21 KENNETH E. WESTRICK; NICOLA                              ) GROUP'S MOTION FOR APPOINTMENT
          PIGNATI; JOHN A. DEXHEIMER; R.                        ) AS LEAD PLAINTIFF
    22 CLARK HARRIS; TIMOTHY DAY;                               )
          ROBERT A. MARSLAND; GEORGE                            ) Date: June 22, 2001
    23 YULE; BAO-TONG MA,                                       ) Time: 10:00 a.m.
                                                                ) Ctrm:: 1, 17th Floor - Honorable
    24                                Defendants.               )
          ____________________________________ )
    25
    26
    27
    28
    
    
    
    
          Supplemental Declaration of Mark A. Gordon in Support of Reply Brief
    
    SNIPPETS:
  • WEISS & YOURMAN
  • Los Angeles,
  • STULL, STULL & BRODY
  • Supplemental Declaration of Mark A. Gordon in Support of Reply Brief Mandel v.
  • I am an associate with the law firm of Weiss & Yourman, counsel of record for the New
  • Focus Shareholder Group, which consists of movants Harry Gill, Terrance Lanter, Sr., Mike
  • Marie Forte and Michael Scholder.
  • further support of Movants' motion for "Appointment as Lead Plaintiffs Pursuant to Section
  • 11 previously filed in this district by present counsel for Wilcris Trading LLC: "Notice of
  • 12 Motion and Memorandum of Points and Authorities In Support Thereof For the Motion to
  • 13 William James Bell, Trustee; Thomson-CSF Ventures; Alexander Nehring and Westgreen Holdings
  • 14 LLC as Lead Plaintiff Pursuant To Section 21Dof the Securities Exchange Act of 1934 and
  • 15 To Approve Lead Plaintiff's Choice of Counsel."
  • 17 States of America that the foregoing is true and correct.

  • 11 . OPPOSITION OF PROPOSED LEAD PLAINTIFF

    EXTRACTED KEY WORDS
    LEAD PLAINTIFF
    JENSEN PLAINTIFFS
    FOCUS SHAREHOLDER GROUP
    WILCRIS TRADING
    APPOINTMENT
    SHAREHOLDER GROUP
    LOSSES
    PSLRA
    MOTIONS
    LOSS
    COURT
    TRADING LLC
    PURPORT
    SHARES
    SECURITIES
    SAVINGS
    OPPOSITION
    PROPOSED LEAD PLAINTIFF
    MASTER FILE
    PURCHASES
    MOVANT
    LITIGATION
    STOCK
    COUNSEL
    INSTITUTIONAL INVESTORS
    CONGRESS
    DIRECTING
    CLASS PERIOD
    SOLD
    
     1    KIRBY MCINERNEY & SQUIRE, LLP
          Jill M. Manning (Cal. State Bar #178849)
     2    7665 Redwood Boulevard, Suite 200
          Novato, CA  94945
     3    Tel. (415) 898-8160
          Fax  (415) 898-4861
     4               -and-
          Ira M. Press (pro hac vice)
     5    Randall K. Berger (pro hac vice)
          830 Third Avenue, 10th Floor
     6    New York, NY 10022
          Tel. (212) 371-6600
     7    Fax (212) 751-2540
    
     8    MILBERG WEISS BERSHAD HYNES
              & LERACH LLP
     9    Patrick J. Coughlin (Cal. State Bar # 111070)
          Jeffrey W. Lawrence (Cal. State Bar # 166806)
    10    Shawn A. Williams (pro hac vice)
          100 Pine Street, Suite 2600
    11    San Francisco, CA 94111
          Tel. (415) 288-4545
    12    Fax (415) 288-4534
                     -and-
    13    William S. Lerach (Cal. State Bar # 68581)
          600 West Broadway, Suite 1800
    14    One America Plaza
          San Diego, CA 92101
    15    Tel. (619) 231-1058
          Fax (619) 231-7423
    16    Counsel for Proposed Lead Plaintiff
    17    Wilcris Trading LLC
    
    18                                         UNITED STATES DISTRICT COURT
    19                                       NORTHERN DISTRICT OF CALIFORNIA
    20
    
    21                                                         )     Master File No. C-01-1020-SC
          IN RE NEW FOCUS, INC.                                )
    22    SECURITIES LITIGATION                                )     OPPOSITION OF PROPOSED LEAD
          ___________________________________ )                      PLAINTIFF WILCRIS TRADING LLC TO
    23                                                         )     MOTIONS FOR APPOINTMENT OF LEAD
          THIS DOCUMENT RELATES TO:                            )     PLAINTIFF FILED BY JENSEN
    24                                                         )     AND NEW FOCUS SHAREHOLDER GROUP
          ALL ACTIONS                                          )
    25                                                         )     Date:            June 22, 2001
                                                               )     Time:            10:00 a.m.
    26    ___________________________________ )                      Courtroom:  1, 17th Floor
    
    
    SNIPPETS:
  • OPPOSITION OF PROPOSED LEAD PLAINTIFF WILCRIS TRADING LLC TO MOTIONS FOR APPOINTMENT OF LEAD
  • 13 about $627,000 in aggregate losses and the New Focus Shareholder Group claim $478,000.
  • and institutions are favored by the PSLRA to lead securities class actions.
  • to §21DOf The Securities Exchange Act Of 1934 And To Approve Lead Plaintiffs' 25 Choice Of
  • Wilcris Trading purchased 78,300 shares of New Focus stock on February
  • The purported aggregate loss asserted by the Jensen Plaintiffs
  • 15 assert even smaller individual losses ­ all less than $100,000 each ­ for combined losses
  • 19 of buy and sell transactions.4 Were it a close question of losses, the Court would face a
  • Senate wrote "The Committee believes that increasing the role of institutional investors in
  • Congress has unequivocally expressed its preference for securities fraud
  • 11 litigation to be directed by large institutional investors").
  • 15 plainly directs the Court to appoint the movant with the largest financial interest.
  • 24 a loss that is much smaller, but is allegedly significant relative to that person's
  • The New Focus Shareholder Group collectively purports to have purchased 33,600 23 shares
  • 16 in both the relief sought by the class and in directing its counsel's efforts in
  • 2001 states that he made two purchases of New Focus stock on

  • 12 . DECLARATION OF JILL MANNING IN SUPPORT WILCRIS TRADING FOR LEAD PLAINTIFF

    EXTRACTED KEY WORDS
    KIRBY MCINERNEY
    SQUIRE
    LLP
    DECLARATION
    JILL
    MANNING
    WILCRIS TRADING LLC
    LEAD COUNSEL
    MOVANT WILCRIS TRADING
    SUPPORT
    MOTION
    APPOINTMENT
    BAR
    COURT
    LAW FIRM
    MEMBER
    LEAD PLAINTIFF
    BUSINESS WIRE
    ADVISING
    PENDENCY
    CLASS ACTION
    EXECUTIVES
    CERTIFICATION
    PURCHASES
    SALES
    CALCULATING
    DAMAGES
    RéSUM
    FOREGOING DECLARATION
    
     1    KIRBY MCINERNEY & SQUIRE, LLP
          Jill M. Manning (Cal. State Bar #178849)
     2    7665 Redwood Boulevard
          Suite 200
     3    Novato, CA  94945
          (415) 898-8160
     4    KIRBY MCINERNEY & SQUIRE, LLP
     5    Randall K. Berger
          830 Third Avenue
     6    10th Floor
          New York, NY  10022
     7    (212) 371-6600
    
     8    Attorneys for Wilcris Trading LLC
    
     9
    
    10                                        UNITED STATES DISTRICT COURT
    
    11                                     NORTHERN DISTRICT OF CALIFORNIA
    
    12                                                           )    Master File No. C-01-1020-SC
    13    IN RE NEW FOCUS, INC.                                  )
          SECURITIES LITIGATION                                  )    DECLARATION OF JILL MANNING IN
    14    ___________________________________ )                       SUPPORT OF MOTION FOR APPOINTMENT
                                                                 )    OF WILCRIS TRADING LLC AS LEAD
    15    THIS DOCUMENT RELATES TO:                              )    PLAINTIFF AND FOR APPROVAL OF ITS
                                                                 )    SELECTION OF LEAD COUNSEL
    16    ALL ACTIONS                                            )) Date:               June 22, 2001
    17                                                           )    Time:             10:00 a.m.
          ___________________________________ )                       Courtroom:  1, 17th Floor
    18
    
    19                       I, Jill Manning, do declare:
    
    20                       1.       I am an attorney admitted to the practice of law in the State of
    
    21    California and before this Court.  I am associated with the law firm of Kirby McInerney &
    
    22    Squire, LLP, counsel for movant Wilcris Trading, LLC ("Wilcris Trading") and a member of the
    
    23    bar of this Court.   I make this declaration in support of Wilcris Trading's motion for
    
    24    appointment as lead plaintiff and for approval of its choice of lead counsel.
    
    25                       2.       I certify that the following facts are true and correct, and, if
    
    26    witness, I would and could testify truthfully to the facts as incorporated herein.
    
    
    SNIPPETS:
  • KIRBY MCINERNEY & SQUIRE, LLP
  • Jill M. Manning (Cal.
  • 21 California and before this Court.
  • 22 Squire, LLP, counsel for movant Wilcris Trading, LLC and a member of the
  • 23 bar of this Court.
  • I make this declaration in support of Wilcris Trading's motion for
  • 24 appointment as lead plaintiff and for approval of its choice of lead counsel.
  • Wilcris Trading LLC as Lead Plaintiff and For Approval of its Selection of Lead Counsel 1
  • class members published on Business Wire on March 12, 2001 advising the public of the
  • pendency of the class action against New Focus, Inc. and certain of its executives.
  • certification of movant Wilcris Trading.
  • purchases and sales of the movant in calculating their damages.
  • résumé of the law firm of Kirby McInerney & Squire,
  • 11 the foregoing declaration is true and correct.

  • 13 . DECLARATION OF JILL M MANNING IN SUPPORT OF OPPOSITION TO MOTIONS

    EXTRACTED KEY WORDS
    STATE BAR
    WILCRIS TRADING LLC
    LLP
    JILL
    MANNING
    PRO HAC VICE
    FOCUS SHAREHOLDER GROUP
    KIRBY MCINERNEY
    SQUIRE
    NOVATO
    LERACH
    WILLIAMS
    DECLARATION
    SUPPORT
    OPPOSITION
    MOTIONS
    APPOINTMENT
    JENSEN PLAINTIFFS
    MASTER FILE
    FACTS
    NUFO
    EXHIBIT
    FACTS SET
    CLASS PERIOD
    PRINTED EXHIBIT
    YAHOO FINANCE WEBSITE
    DAILY TRADING RANGE
    FOREGOING FACTS
    CALIFORNIA
    
     1    KIRBY MCINERNEY & SQUIRE, LLP
          Jill M. Manning (Cal. State Bar #178849)
     2    7665 Redwood Boulevard, Suite 200
          Novato, CA  94945
     3    Tel. (415) 898-8160
          Fax  (415) 898-4861
     4               -and-
          Ira M. Press (pro hac vice)
     5    Randall K. Berger (pro hac vice)
          830 Third Avenue, 10th Floor
     6    New York, NY 10022
          Tel. (212) 371-6600
     7    Fax (212) 751-2540
    
     8    MILBERG WEISS BERSHAD HYNES
              & LERACH LLP
     9    Patrick J. Coughlin (Cal. State Bar # 111070)
          Jeffrey W. Lawrence (Cal. State Bar # 166806)
    10    Shawn A. Williams (pro hac vice)
          100 Pine Street, Suite 2600
    11    San Francisco, CA 94111
          Tel. (415) 288-4545
    12    Fax (415) 288-4534
                     -and-
    13    William S. Lerach (Cal. State Bar # 68581)
          600 West Broadway, Suite 1800
    14    One America Plaza
          San Diego, CA 92101
    15    Tel. (619) 231-1058
          Fax (619) 231-7423
    16    Counsel for Proposed Lead Plaintiff
    17    Wilcris Trading LLC
    
    18
    
    19                                         UNITED STATES DISTRICT COURT
    
    20                                       NORTHERN DISTRICT OF CALIFORNIA
    
    21                                                         )     Master File No. C-01-1020-SC
    22    IN RE NEW FOCUS, INC.                                )
          SECURITIES LITIGATION                                )     DECLARATION OF JILL M. MANNING IN
    23    ___________________________________ )                      SUPPORT OF OPPOSITION OF WILCRIS
                                                               )     TRADING LLC TO MOTIONS FOR
    24    THIS DOCUMENT RELATES TO:                            )     APPOINTMENT OF LEAD PLAINTIFF FILED
                                                               )     BY JENSEN PLAINTIFFS AND NEW FOCUS
    25    ALL ACTIONS                                          )     SHAREHOLDER GROUP
                                                               )
    26                                                         )     Date:            June 22, 2001
    
    SNIPPETS:
  • KIRBY MCINERNEY & SQUIRE,
  • Jill M. Manning (Cal.
  • Randall K. Berger (pro hac vice)
  • MILBERG WEISS BERSHAD HYNES & LERACH LLP
  • State Bar # 111070)
  • State Bar # 166806) 10 Shawn A. Williams
  • DECLARATION OF JILL M. MANNING IN SUPPORT OF OPPOSITION OF WILCRIS TRADING LLC TO MOTIONS FOR
  • I have personal knowledge of the facts set forth
  • Focus, Inc. during the class period of January 31, 2001 through March 5, 2001.
  • printed Exhibit A from the Yahoo finance website at http://finance.yahoo.com on June 1,
  • Exhibit A shows that the daily trading range of NUFO on February 7,
  • 11 that the foregoing facts are true and correct.
  • Executed this 1st day of June, 2001 at Novato,
  • 12 California.
  •    |