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NUMBER NINE VISUAL TECH Click to find out why . . .



Keywords & Phrases
CaseNo: NNVT118739, CourtName: CLASS ACTION CASES, State: MA Massachusetts, UniqueCaseRef: LCD>NNVT118739, Entry, Consolidate, Misleading, Securities, Materially False, Rbi, Najda, Common Stock, Stephens, Facts, Securities Act, Motion, Exchange Act, Consolidated Class Action, Technology, Complaint, Ipo, Prices, Sales, Ktb, Mlb, Class Action Complaint, Prospectus, Report, C/s, Dismiss, Individual Defendants, Consolidated Defendant, Chief Judge William, Robertson, Motion Hearing, Memory Chips, Purchasers, Visual Technology, Unterberg Harris, Oem, Allegations, Andrew Najda, Connection , ContentID: 120246234

Case Documents
1   COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 114640
80 pages
PDF
2 2000-11-08 DOCKET
[ see first page and extracted highlights below  ] ItemID: 114641
34 pages
PDF
Total Documents: 2 documents , 114 pages
Price: $ 24.95


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1 . COMPLAINT

EXTRACTED KEY WORDS
MISLEADING
PLAINTIFF
SECURITIES
MATERIALLY FALSE
COMMON STOCK
FACTS
SECURITIES ACT
TECHNOLOGY
COMPLAINT
IPO
EXCHANGE ACT
PRICES
SALES
PROSPECTUS
REPORT
INDIVIDUAL DEFENDANTS
MEMORY CHIPS
PURCHASERS
VISUAL TECHNOLOGY
OEM
ALLEGATIONS
CONNECTION
UNDERWRITER DEFENDANTS
PRODUCT OFFERINGS
MASSACHUSETTS
DISSEMINATION
RELEVANT TIMES
REGISTRATION STATEMENT
MANAGEMENT


                       UNITED STATES DISTRICT COURT

                         DISTRICT OF MASSACHUSETTS


___________________________________)
RBI, AN ALASKAN LIMITED                  )
PARTNERSHIP, on behalf of itself         )
and all others similarly situated, ) CASE NO. 96-11207MLW
                                         )
                          Plaintiff,     ) CLASS ACTION COMPLAINT
                                         ) FOR VIOLATIONS OF
                 v.                      ) FEDERAL SECURITIES LAWS
                                         )
ANDREW NAJDA; STANLEY W. BIALEK;         )
NUMBER NINE VISUAL TECHNOLOGY            )
CORPORATION; COWEN & CO.;                )
UNTERBERG HARRIS; AND ROBERTSON,         )
STEPHENS CO.,                            ))
                          Defendants.    )
___________________________________)



          Plaintiff makes the following allegations upon

information and belief, except as to allegations specifically

pertaining to plaintiff and its counsel, based on the facts

alleged below, predicated upon the investigation undertaken by

plaintiff's counsel, and plaintiff believes that further

substantial evidentiary support will exist for the allegations

set forth below after a reasonable opportunity for discovery.


                           NATURE OF THE ACTION

          1.     This is a class action on behalf of all purchasers

of the common stock of Number Nine Visual Technology Corporation

("Number Nine" or the "Company") between May 26, 1995 and January
SNIPPETS:
  • Plaintiff,) CLASS ACTION COMPLAINT
  • Plaintiff makes the following allegations upon
  • This is a class action on behalf of all purchasers
  • of the common stock of Number Nine Visual Technology Corporation
  • remedies under the Securities Act of 1933
  • and the Securities Exchange Act of 1934.
  • Plaintiff complains of materially false and misleading statements
  • 18 Hartwell Avenue, Lexington, Massachusetts, and the acts
  • In connection with the acts alleged in this complaint, defendants, directly or indirectly,
  • Nine common stock at artificially inflated prices during the
  • Registration Statement filed by the Company in connection with
  • the IPO and the Company's report on Form 10-Q for the quarterly
  • attendance at management and Board of Directors meetings and
  • relevant times was, a member of the Company's Board of Directors.
  • The individual defendants identified above
  • The Underwriter Defendants were at all relevant times entities
  • obtained knowledge of the facts alleged herein if they had acted
  • dissemination of information about the Company in the IPO,
  • from implementing the sales of stock in the IPO.
  • The Materially False And Misleading Prospectus
  • The Misleading Claims Of Broad Product Offerings
  • The Company's broad product line allows OEMs to streamline the procurement of visual
  • Unit growth, led by volume OEM sales to Dell, more than offset the decline in gross margins,
  • forward commitments for the supply of crucial memory chips
  • a well-timed and favorable analyst report from one of the IPO

  • 2 . DOCKET

    EXTRACTED KEY WORDS
    CONSOLIDATE
    RBI
    NAJDA
    STEPHENS
    MOTION
    CONSOLIDATED CLASS ACTION
    PLAINTIFFS
    KTB
    MLB
    CLASS ACTION COMPLAINT
    C/S
    DISMISS
    CONSOLIDATED DEFENDANT
    CHIEF JUDGE WILLIAM
    COURT
    ROBERTSON
    MOTION HEARING
    UNTERBERG HARRIS
    ANDREW NAJDA
    EOD
    EXCHANGE ACT
    MEMORANDUM
    STIPULATION
    JOINT MOTION
    THALHEIMER
    LEAD PLAINTIFFS
    GILL COGAN
    CLASS CERTIFICATION
    SECURITIES EXCHANGE ACT
    
    
    
    Case docket was last updated on: 11/08/00.
    
    
    Docket as of November 8, 2000 9:38 pm                           Page 1
    
    Proceedings include all events.
    1:96cv11207 RBI v. Najda, et al
                                                                                        LEAD
    11207
                                                                              LEAD       11207
                                   U.S. District Court
                  U.S. District Court - Massachusetts (Boston)
    
                          CIVIL DOCKET FOR CASE #: 96-CV-11207
    
    RBI v. Najda, et al                                                       Filed:
    06/11/96
    Assigned to: Chief Judge William G. Young                Jury demand: Both
    Demand: $0,000                                           Nature of Suit: 160
    Lead Docket: None                                        Jurisdiction: Federal
    Question
    Dkt# in other court: None
    
    Cause: 15:78m(a) Securities Exchange Act
    
    
    RBI, An Alaskan Limited                   Jeffrey B. Rudman
    Partnership, on behalf of                 [COR LD NTC]
    itself and all others                     James W. Prendergast
    similarly situated                        [COR LD NTC]
             Plaintiff                        Hale & Dorr
                                              60 State Street
                                              Boston, MA 02109
                                              617-526-6167
    
                                              Thomas G. Shapiro
                                              [COR LD NTC]
                                              Shapiro, Grace & Haber
                                              75 State Street
                                              Boston, MA 02109
                                              617-439-3939
    
                                              Steven Schulman
                                              [COR LD NTC]
                                              Deborah Clark-Weintraub
                                              [COR LD NTC]
    
    SNIPPETS:
  • 1:96cv11207 RBI v. Najda, et al
  • U.S. District Court - Massachusetts
  • Cause: 15:78mSecurities Exchange Act
  • Consolidated Defendant
  • STEPHENS & CO. Consolidated Defendant
  • Nine Visual, Cowen & Co., Unterberg Harris, Robertson,
  • Stephens [Entry date 06/12/96]
  • c/s.
  • 8/9/96 7 Motion by RBI in 1:96-cv-11207 for their appointment as
  • lead plaintiffs and for approval of their choice of lead
  • 8/9/96 8 Memorandum by RBI in 1:96-cv-11207 in support of
  • 8/16/96 10 STIPULATION by RBI in 1:96-cv-11207,
  • motion to consolidate cases
  • Action of the pltfs' Consolidated Class Action
  • Dismiss, FILED.
  • Thalheimer in 1:96-cv-11207 to dismiss the First Cause of
  • Action of the Consolidated Class Action Complaint,
  • 3/21/97 29 Appendix/exhibits by Andrew Najda in 1:96-cv-11207,
  • Gill Cogan in 1:96-cv-11207 in support of
  • Hearing/Conference: Motion hearing reset for 3:00
  • 3/1/99 55 Chief Judge William G.
  • [EOD Date 6/23/99].
  • granting as modified joint motion to approve joint
  • motion for Class Certification, filed.
  •    |