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IN RE PACIFIC GATEWAY EXCHANGE INC SECURITIES LITIGATION Click to find out why . . .



Keywords & Phrases
CaseNo: PGE120296, CourtName: CLASS ACTION CASES, State: CA California, UniqueCaseRef: LCD>PGE120296, Securities, Pacific Gateway, Pacific Gateway Exchange, Class Period, Officers, Class Action, Retail, Exchange, Accounting, Lead Plaintiff, Retail Customers, Grey, Report, Stock, Individual Defendants, Exchange Act, Anderson, Misleading, Future Business Prospects, Weismiller, San Francisco, Acquisition, Kinetics, Bandwidth, International Telecommunications Carrier, Material Facts, Management, Internal Corporate Documents, Revenues, Connection, Publicly Traded Securities , ContentID: 120246250

Case Documents
1   REPLY TO MEMORANDUM
[ see first page and extracted highlights below  ] ItemID: 114752
9 pages
PDF
2   MOTION TO STRIKE REPLYS
[ see first page and extracted highlights below  ] ItemID: 114749
5 pages
PDF
3   EX PARTE MOTION FOR AN ORDER
[ see first page and extracted highlights below  ] ItemID: 114745
5 pages
PDF
4   DECLARATION OF JEFFREY W LAWRENCE IN SUPPORT OF NOTICE
[ see first page and extracted highlights below  ] ItemID: 114741
3 pages
PDF
5   DECLARATION OF JEFFREY W LAWRENCE IN SUPPORT OF MOTION
[ see first page and extracted highlights below  ] ItemID: 114740
3 pages
PDF
6   COMPLAINT B 6
[ see first page and extracted highlights below  ] ItemID: 114735
22 pages
PDF
7   COMPLAINT B 3
[ see first page and extracted highlights below  ] ItemID: 114732
22 pages
PDF
8   COMPLAINT B 13
[ see first page and extracted highlights below  ] ItemID: 114730
22 pages
PDF
9   COMPLAINT B 10
[ see first page and extracted highlights below  ] ItemID: 114727
22 pages
PDF
10   COMPLAINT A
[ see first page and extracted highlights below  ] ItemID: 114725
22 pages
PDF
11   APPENDIX OF UNPUBLISHED CASES
[ see first page and extracted highlights below  ] ItemID: 114724
3 pages
PDF
12 2002-04-07 COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 123488
21 pages
PDF
13 2001-06-13 REQUEST FOR JUDICIAL NOTICE
[ see first page and extracted highlights below  ] ItemID: 114753
8 pages
PDF
14 2001-06-13 PROPOSED ORDER DISMISSING COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 114751
3 pages
PDF
15 2001-06-13 MOTION TO DISMISS COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 114748
37 pages
PDF
16 2000-09-13 SUPP DECLARATION OF ANDREW M FISHMAN
[ see first page and extracted highlights below  ] ItemID: 114754
3 pages
PDF
17 2000-07-13 OPPOSITION TO THE MOTIONS FOR LEAD PLAINTIFF
[ see first page and extracted highlights below  ] ItemID: 114750
6 pages
PDF
18 2000-07-13 MOTION TO CONSOLIDATE RELATED ACTIONS
[ see first page and extracted highlights below  ] ItemID: 114747
9 pages
PDF
19 2000-07-13 MOTION TO APPOINT LEAD PLAINTIFF
[ see first page and extracted highlights below  ] ItemID: 114746
13 pages
PDF
20 2000-07-13 DECLARATION OF JEFFREY W LAWRENCE IN SUPPORT OF OPPOSITION
[ see first page and extracted highlights below  ] ItemID: 114742
3 pages
PDF
21 2000-04-11 DOCKET 2
[ see first page and extracted highlights below  ] ItemID: 114744
3 pages
PDF
22 2000-04-07 DOCKET 1
[ see first page and extracted highlights below  ] ItemID: 114743
3 pages
PDF
23 2000-04-07 COMPLAINT B 1
[ see first page and extracted highlights below  ] ItemID: 114726
23 pages
PDF
24 2000-03-31 DECLARATION OF JEFFREY W LAWRENCE IN SUPPORT OF EX PARTE MOTION
[ see first page and extracted highlights below  ] ItemID: 114739
3 pages
PDF
25 2000-03-31 COMPLAINT B 9
[ see first page and extracted highlights below  ] ItemID: 114738
22 pages
PDF
26 2000-03-31 COMPLAINT B 8
[ see first page and extracted highlights below  ] ItemID: 114737
22 pages
PDF
27 2000-03-31 COMPLAINT B 7
[ see first page and extracted highlights below  ] ItemID: 114736
22 pages
PDF
28 2000-03-31 COMPLAINT B 5
[ see first page and extracted highlights below  ] ItemID: 114734
21 pages
PDF
29 2000-03-31 COMPLAINT B 4
[ see first page and extracted highlights below  ] ItemID: 114733
22 pages
PDF
30 2000-03-31 COMPLAINT B 2
[ see first page and extracted highlights below  ] ItemID: 114731
16 pages
PDF
31 2000-03-31 COMPLAINT B 12
[ see first page and extracted highlights below  ] ItemID: 114729
22 pages
PDF
32 2000-03-31 COMPLAINT B 11
[ see first page and extracted highlights below  ] ItemID: 114728
22 pages
PDF
Total Documents: 32 documents , 442 pages
Price: $ 174.95


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1 . REPLY TO MEMORANDUM

EXTRACTED KEY WORDS
KINETICS
CLASS PERIOD
COURT
SECURITIES
REAL PARTY
COUNSEL
LOSSES
MOTION
LAW
APPOINTMENT
ACCORDANCE
SAN FRANCISCO
NOTICED CLASS PERIOD
AUTHORITY
SOWELLS
PACIFIC GATEWAY
PSLRA
INTERNET FUND
ANALYSTS
KINETICS ASSET
PURCHASES
PURCHASER
APPOINTED LEAD PLAINTIFF
DEFENDANTS
COMPLAINT
PLAIN LANGUAGE
FALSE STATEMENTS
BALA PLAZA EAST
MEMORANDUM



MILBERG WEISS BERSHAD
HYNES & LERACH LLP
PATRICK J. COUGHLIN (111070)
JEFFREY W. LAWRENCE (166806)
MICHAEL R. R. REESE (206773)
100 Pine Street, Suite 2600
San Francisco, CA 94111
Telephone: 415/288-4545
    - and -
WILLIAM S. LERACH (68581)
600 West Broadway, Suite 1800
San Diego, CA 92101
Telephone: 619/231-1058
SCHIFFRIN & BARROWAY, LLP
RICHARD S. SCHIFFRIN
ANDREW L. BARROWAY
Three Bala Plaza East, Suite 400
Bala Cynwyd, PA 19004
Telephone: 610/667-7706

[Proposed] Co-Lead Counsel for Plaintiffs



                                 UNITED STATES DISTRICT COURT

                             NORTHERN DISTRICT OF CALIFORNIA


In re PACIFIC GATEWAY EXCHANGE,                )  Master File No. C-00-1211-PJH
INC. SECURITIES LITIGATION                     )
___________________________________            )  CLASS ACTION
This Document Relates To:                      ) ) KINETICS ASSET MANAGEMENT'S
                                                     REPLY TO JOSEPH W. SOWELL, JR.
ALL ACTIONS.                                   ) ) AND ROBERT F. SOWELL'S
___________________________________ ) MEMORANDUM OF POINTS AND
                                                     AUTHORITIES IN OPPOSITION TO
                                                     KINETICS ASSET MANAGEMENT'S
                                                     MOTION TO BE APPOINTED LEAD
                                                     PLAINTIFF

                                     TABLE OF CONTENTS

I. ARGUMENT

SNIPPETS:
  • Three Bala Plaza East, Suite 400
  • Co-Lead Counsel for Plaintiffs
  • Kinetics' Losses Are the Largest During the Noticed Class Period and Its Counsel is
  • At the hearing on September 13, 2000, the Court raised several questions concerning Kinetics
  • the Court was concerned with whether Kinetics had the authority to bring this action on
  • Both on the facts and the law, it is clear that Kinetics was and is authorized to bring this
  • and Robert F. Sowell (the "Sowells") to file an opposition to Kinetics' motion.
  • The Sowells did file an opposition raising two issues: questioning Kinetics' authority to
  • Kinetics qualifies as a real party in interest in accordance with Rule 17because it purchased
  • Kinetics, and Andrew Fishman as its representative, is a "purchaser" within the meaning of
  • Kinetics' purchases on May 13, 1999 should be considered in determining which party applying
  • Indeed, every complaint consolidated herein starts the Class Period at May 13, 1999 and all
  • Kinetics' losses from its May 13, 1999 purchases are at least $623,000.
  • The Private Securities Litigation Reform Act of 1995 states that the plaintiff with the
  • Since Kinetics has asserted §10claims against Pacific Gateway and the other defendants, the
  • Kinetics' Losses Are the Largest During the Noticed Class Period and Its Counsel is
  • Kinetics, in accordance with the PSLRA, timely filed its motion for appointment of lead
  • The Sowells want to undermine the notice and artificially limit the inclusive Class Period,
  • As is shown in the complaint filed by Kinetics on June 16, 2000, false statements concerning
  • In an effort to avoid this fact, the Sowells now claim that because the inflated stock price
  • That declarant is and was, at all times herein mentioned, a citizen of the United States and
  • AND ROBERT F. SOWELL'S MEMORANDUM OF POINTS AND AUTHORITIES IN OPPOSITION TO KINETICS ASSET

  • 2 . MOTION TO STRIKE REPLYS

    EXTRACTED KEY WORDS
    MOTION
    KINETICS
    SOWELL GROUP
    OPPOSITION
    LEAD PLAINTIFF
    FILING
    COURT
    BROSZ
    SAN FRANCISCO
    APPOINTMENT
    LOCAL RULES
    STRIKE
    CIVIL
    DECLARATION
    KINETICS ASSET
    ORIGINALLY NOTICED HEARING
    REASON
    UNITED STATES
    PLEADING
    CALIFORNIA
    CONTINUANCE
    EXTEND
    PAPERS
    SCOTT BROSZ
    KINETICS ASSET MANAGEMENT
    SCHEDULED HEARING
    PARTY
    BRIEFS
    ROBERT
    
    
    
    
    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
        - and -
    WILLIAM S. LERACH (68581)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    SCHIFFRIN & BARROWAY, LLP
    RICHARD S. SCHIFFRIN
    ANDREW L. BARROWAY
    Three Bala Plaza East, Suite 400
    Bala Cynwyd, PA 19004
    Telephone: 610/667-7706
    
    [Proposed] Co-Lead Counsel for Plaintiffs
    
    
    
    
                                       UNITED STATES DISTRICT COURT
    
                                    NORTHERN DISTRICT OF CALIFORNIA
    
    
    JEFFREY WINICK, On Behalf of Himself            )  No. C-00-1211-WHA
    and All Others Similarly Situated,              )  CLASS ACTION
                            Plaintiff,              ) ) KINETICS ASSET MANAGEMENT'S
        vs.                                         ) ) NOTICE OF MOTION AND MOTION
    PACIFIC GATEWAY EXCHANGE,                       )  TO STRIKE THE REPLY OF JOSEPH
                                                    )
    INC., et al.,                                         W. SOWELL, JR. AND ROBERT F.
                                                    )  SOWELL TO THE OPPOSITION OF
                                                    )
                            Defendants.             )  KINETICS ASSET MANAGEMENT
    __________________________________ ) TO THE MOTIONS OF SCOTT
                                                          BROSZ AND THE SOWELL GROUP
                                                          TO BE APPOINTED LEAD PLAINTIFF
    
                                                          (ORAL ARGUMENT NOT REQUESTED)
    
    
    SNIPPETS:
  • NOTICE OF MOTION AND MOTION TO STRIKE REPLY
  • PLEASE TAKE NOTICE that Kinetics Assets Management hereby moves this Court to strike from the
  • and Robert F. Sowell to the Opposition of Kinetics Asset Management to the Motions of Scott
  • The Reply was filed over a week after it was due and only six days before the originally
  • Kinetics has also filed an ex parte motion for an order shortening time in order to allow the
  • On June 6, 2000, Kinetics, the Sowell Group and Brosz each moved for appointment as lead
  • Under Civil L.R. 7-3, any party who opposed any motion was required to file its opposition
  • The last date to file any reply briefs was June 29, 2000; again neither the Sowell Group nor
  • The last date to file reply briefs was June 29, 2000, fourteen days before the originally
  • For this reason, the Sowell Group's Reply should be stricken from the record and not allowed
  • That declarant is and was, at all times herein mentioned, a citizen of the United States and
  • That on July 12, 2000, declarant served the KINETICS ASSET MANAGEMENT'S
  • AND THE SOWELL GROUP TO BE APPOINTED LEAD PLAINTIFF by depositing a true copy thereof in a
  • That the hearing was continued from July 13, 2000 to July 20, 2000 does not extend the time
  • nless the order for continuance specifies otherwise, the entry of an order continuing the
  • Since the filing date had already passed, Civil L.R. 7-7 does not extend the time for the
  • For example, Kinetics does have authority to sue, as stated in Andrew Fishman's Declaration

  • 3 . EX PARTE MOTION FOR AN ORDER

    EXTRACTED KEY WORDS
    KINETICS
    STRIKE
    SOWELL
    LAWRENCE DECL
    COURT
    ORDER SHORTENING
    PLAINTIFF
    SAN FRANCISCO
    SOWELL GROUP
    LEAD PLAINTIFF
    SCHEDULE
    CIVIL
    DECLARE
    KINETICS ASSET
    MEANINGFUL DECISION
    CALIFORNIA
    OPPOSITION
    RENDER
    FILING
    REGULAR
    THEREOF
    PARTIES
    KINETICS ASSETS MANAGEMENT
    SCOTT BROSZ
    APPOINTMENT
    PARTE MOTION
    COMPETING
    PURSUANT
    PARTY
    
    
    
    
    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
        - and -
    WILLIAM S. LERACH (68581)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    SCHIFFRIN & BARROWAY, LLP
    RICHARD S. SCHIFFRIN
    ANDREW L. BARROWAY
    Three Bala Plaza East, Suite 400
    Bala Cynwyd, PA 19004
    Telephone: 610/667-7706
    
    [Proposed] Co-Lead Counsel for Plaintiffs
    
    
    
    
                                     UNITED STATES DISTRICT COURT
    
                                 NORTHERN DISTRICT OF CALIFORNIA
    
    
    In re PACIFIC GATEWAY EXCHANGE,               )  Master File No. C-00-1211-WHA
    INC. SECURITIES LITIGATION                    )
    __________________________________            )  CLASS ACTION
    This Document Relates To:                     ) )  EX PARTE MOTION FOR AN
                                                        ORDER SHORTENING TIME FOR
    ALL ACTIONS.                                  ) )  THE COURT'S DECISION ON
    __________________________________ ) KINETICS ASSET MANAGEMENT'S
                                                        MOTION TO STRIKE
    
                                 NOTICE OF MOTION AND MOTION
    
    TO: ALL PARTIES AND THEIR COUNSEL OF RECORD
    
    PLEASE TAKE NOTICE that Kinetics Assets Management ("Kinetics") hereby moves
    this Court for an order shortening the time for Kinetics' Motion to Strike the Reply of
    Joseph W. Sowell, Jr. and Robert F. Sowell to the Opposition of Kinetics Asset
    
    SNIPPETS:
  • KINETICS ASSET MANAGEMENT'S
  • ALL PARTIES AND THEIR COUNSEL OF RECORD
  • PLEASE TAKE NOTICE that Kinetics Assets Management hereby moves this Court for an order
  • Plaintiff filed simultaneously with this motion.
  • Kinetics seeks this order because the hearing on the lead plaintiff motions is scheduled on
  • Kinetics makes this ex parte motion for an order shortening time under Civil L.R. 7-11.
  • Given the untimely filing of the Sowell Group's Reply, there is insufficient time to move to
  • This motion is based upon this notice of motion and motion, the memorandum of points and
  • Before the Court are three competing motions for appointment of lead plaintiff.All were
  • Lawrence Decl.
  • Pursuant to Civil L.R. 7-3, oppositions to these lead plaintiff motions were to have been
  • only Kinetics filed an opposition.
  • On June 29, 2000, no other party served or filed a reply.
  • On July 7, 2000, over a week after the deadline for the filing of repy briefs, the Sowell
  • That declarant is and was, at all times herein mentioned, a citizen of the United States and
  • MANAGEMENT'S MOTION TO STRIKE by depositing a true copy thereof in a United States mailbox at
  • I declare under penalty of perjury that the foregoing is true and correct.
  • The three competing plaintiffs are Kinetics, Scott Brosz, and the Sowell Group.

  • 4 . DECLARATION OF JEFFREY W LAWRENCE IN SUPPORT OF NOTICE

    EXTRACTED KEY WORDS
    SAN FRANCISCO
    EXHIBIT
    CALIFORNIA
    LERACH LLP
    JEFFREY
    LAWRENCE
    MILBERG WEISS BERSHAD
    WEISS BERSHAD HYNES
    SCHIFFRIN
    BARROWAY
    COUNSEL
    PLAINTIFF
    BALA
    LAW
    CERTIFICATION
    BUSINESS
    MOTION
    PENALTY
    PERJURY
    FOREGOING
    UNITED STATES
    THEREOF
    SUPPORT
    DEPOSITING
    UNITED STATES MAILBOX
    SEALED ENVELOPE
    THEREON FULLY PREPAID
    DESIGNATED INTERNET SITE
    REGULAR COMMUNICATION
    
    
    
    
    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
        - and -
    WILLIAM S. LERACH (68581)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    SCHIFFRIN & BARROWAY, LLP
    RICHARD S. SCHIFFRIN
    ANDREW L. BARROWAY
    Three Bala Plaza East, Suite 400
    Bala Cynwyd, PA 19004
    Telephone: 610/667-7706
    
    [Proposed] Co-Lead Counsel for Plaintiffs
    
    
    
                                       UNITED STATES DISTRICT COURT
    
                                    NORTHERN DISTRICT OF CALIFORNIA
    
    
    JEFFREY WINICK, On Behalf of Himself             )  No. C-00-1211-WHA
    and All Others Similarly Situated,               )  CLASS ACTION
                            Plaintiff,               ) ) DECLARATION OF JEFFREY W.
        vs.                                          ) ) LAWRENCE IN SUPPORT OF
                                                     )  NOTICE OF MOTION AND MOTION
    PACIFIC GATEWAY EXCHANGE,                        )
    INC., et al.,                                          TO APPOINT KINETICS ASSET
                                                     )  MANAGEMENT AS LEAD PLAINTIFF
                                                     )
                            Defendants.              )  AND FOR APPROVAL OF LEAD
    ___________________________________ ) PLAINTIFF'S CHOICE OF COUNSEL
                                                           AND NOTICE OF MOTION AND
                                                           MOTION TO CONSOLIDATE
                                                           RELATED ACTIONS
    
    
    
    
    SNIPPETS:
  • SCHIFFRIN & BARROWAY, LLP RICHARD S. SCHIFFRIN ANDREW L. BARROWAY
  • Three Bala Plaza East, Suite 400
  • PLAINTIFF'S CHOICE OF COUNSEL
  • I, JEFFREY W. LAWRENCE, declare as follows:
  • I am associated with the law firm of Milberg Weiss Bershad Hynes & Lerach LLP, one of the
  • Exhibit A: Kinetics Asset Management's Certification;
  • Business Wire Notice published April 7,
  • Order re Motion to Appoint Lead Plaintiff
  • I declare under penalty of perjury under the laws of the State of California that the
  • Executed this 6th day of June, 2000, at San Francisco, California.
  • That declarant is and was, at all times herein mentioned, a citizen of the United States and
  • That on June 6, 2000, declarant served the DECLARATION OF JEFFREY W. LAWRENCE IN SUPPORT OF
  • That there is a regular communication by mail between the place of mailing and the places so

  • 5 . DECLARATION OF JEFFREY W LAWRENCE IN SUPPORT OF MOTION

    EXTRACTED KEY WORDS
    SAN FRANCISCO
    CALIFORNIA
    JEFFREY
    LAWRENCE
    LERACH LLP
    PLAINTIFFS
    FISHMAN
    MILBERG WEISS BERSHAD
    HYNES
    SCHIFFRIN
    BARROWAY
    ANDREW
    BALA
    COUNSEL
    MOTION
    LAW
    YORK
    BUSINESS
    PENALTY
    PERJURY
    FOREGOING
    UNITED STATES
    THEREOF
    SUPPORT
    KINETICS ASSET
    APPOINTED LEAD PLAINTIFF
    DEPOSITING
    UNITED STATES MAILBOX
    SEALED ENVELOPE
    
    
    
    
    MILBERG WEISS BERSHAD
    HYNES & LERACH LLP
    PATRICK J. COUGHLIN (111070)
    JEFFREY W. LAWRENCE (166806)
    MICHAEL R. R. REESE (206773)
    100 Pine Street, Suite 2600
    San Francisco, CA 94111
    Telephone: 415/288-4545
        - and -
    WILLIAM S. LERACH (68581)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    SCHIFFRIN & BARROWAY, LLP
    RICHARD S. SCHIFFRIN
    ANDREW L. BARROWAY
    Three Bala Plaza East, Suite 400
    Bala Cynwyd, PA 19004
    Telephone: 610/667-7706
    
    [Proposed] Co-Lead Counsel for Plaintiffs
    
    
    
                                     UNITED STATES DISTRICT COURT
    
                                 NORTHERN DISTRICT OF CALIFORNIA
    
    
    In re PACIFIC GATEWAY EXCHANGE,                )  Master File No. C-00-1211-PJH
    INC. SECURITIES LITIGATION                     )
    ___________________________________            )  CLASS ACTION
    This Document Relates To:                      ) )  DECLARATION OF JEFFREY W.
                                                          LAWRENCE IN SUPPORT OF
    ALL ACTIONS.                                   ) )  KINETICS ASSET MANAGEMENT'S
    ___________________________________ )  MOTION TO BE APPOINTED
                                                   )  LEAD PLAINTIFF
                                                   ) )
    I, JEFFREY W. LAWRENCE, declare as follows:
    
    1. I am an attorney duly licensed to practice before all of the courts of the State of
    California. I am associated with the law firm of Milberg Weiss Bershad Hynes & Lerach
    LLP, one of the counsel of record for plaintiffs in the above-entitled action. I have
    
    
    
    SNIPPETS:
  • SCHIFFRIN & BARROWAY, LLP RICHARD S. SCHIFFRIN ANDREW L. BARROWAY
  • Three Bala Plaza East, Suite 400
  • MOTION TO BE APPOINTED
  • I, JEFFREY W. LAWRENCE, declare as follows:
  • I am associated with the law firm of Milberg Weiss Bershad Hynes & Lerach LLP, one of the
  • On October 11, 2000, I faxed a copy of the attached declaration to Andrew M. Fishman in New
  • He left his office before he received a copy of the declaration and did not sign it by the
  • Later on October 11, 2000, I read the declaration to Mr. Fishman over the telephone.
  • I declare under penalty of perjury under the laws of the State of California that the
  • Executed this 11th day of October, 2000, at San Francisco, California.
  • That on October 11, 2000, declarant served the DECLARATION OF JEFFREY W. LAWRENCE IN SUPPORT
  • TO BE APPOINTED LEAD PLAINTIFF by depositing a true copy thereof in a United States mailbox

  • 6 . COMPLAINT B 6

    EXTRACTED KEY WORDS
    SECURITIES
    DEFENDANTS
    PLAINTIFF
    EXCHANGE
    PACIFIC GATEWAY
    OFFICERS
    RETAIL
    RETAIL CUSTOMERS
    CLASS ACTION
    GREY
    REPORT
    STOCK
    ANDERSON
    INDIVIDUAL DEFENDANTS
    FUTURE BUSINESS PROSPECTS
    ACCOUNTING
    MISLEADING
    ACQUISITION
    EXCHANGE ACT
    INTERNATIONAL TELECOMMUNICATIONS CARRIER
    UNITED STATES
    SAN FRANCISCO
    CONNECTION
    INTERNAL CORPORATE DOCUMENTS
    MANAGEMENT
    PUBLICLY TRADED SECURITIES
    SENIOR OFFICERS
    MATERIAL FACTS
    ADVERSE NON-PUBLIC INFORMATION
    
    
    
    
    MILBERG WEISS BERSHAD
    HYNES & LERACH LLP
    PATRICK J. COUGHLIN (111070)
    RANDI D. BANDMAN (145212)
    100 Pine Street, Suite 2600
    San Francisco, CA 94111
    Telephone: 415/288-4545
        - and -
    WILLIAM S. LERACH (68581)
    DARREN J. ROBBINS (168593)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    BARRACK, RODOS & BACINE
    EDWARD M. GERGOSIAN (105679)
    600 West Broadway, Suite 1700
    San Diego, CA 92101
    Telephone: 619/230-0800
    
    Attorneys for Plaintiff
    
    
    
                                       UNITED STATES DISTRICT COURT
    
                                    NORTHERN DISTRICT OF CALIFORNIA
    
    
    ALAN EHRLICH, On Behalf of Himself               )   No. C-00-20414-PVT
    and All Others Similarly Situated,               )   CLASS ACTION
                            Plaintiff,               )
                                                     )   CLASS ACTION COMPLAINT
        vs.                                          )
                                                     )   FOR VIOLATION OF FEDERAL
                                                     )
    PACIFIC GATEWAY EXCHANGE,                               SECURITIES LAW
                                                     )
    INC., HOWARD A. NECKOWITZ,
                                                     )
    FRED A. WEISMILLER, SANDRA D.
                                                     )
    GREY, RONALD D. ANDERSON and   )
    ROBERT F. CRAVER,                                )
                                                     )
                            Defendants.              )
    
    SNIPPETS:
  • This is a securities class action on behalf of persons who purchased the publicly traded
  • The Company provides telecommunications services to both wholesale and retail customers
  • During the Class Period, Pacific reported record results, and up until the end of the Class
  • While defendants were publicly reporting profits of more than $10.1 million for Pacific's
  • During the Class Period, the Individual Defendants (Neckowitz, Weismiller, Grey, Craver and
  • In order to inflate the price of Pacific stock, defendants caused the Company to falsely
  • The claims asserted herein arise under and pursuant to§§10and 20of the Securities Exchange
  • Many of the acts and transactions giving rise to the violations of law complained of herein,
  • Assignment of this action to the San Francisco Division is appropriate as a substantial part
  • In connection with the acts, conduct and other wrongs complained of, the defendants, directly
  • Plaintiff Alan Ehrlich purchased Pacific securities during the Class Period as detailed in
  • Defendant Pacific is headquartered in Burlingame, California, and represents itself as a
  • Because of Neckowitz's positions, he knew the adverse non-public information about the
  • By reason of their positions, the officer and/or director defendants identified above,
  • Pacific Gateway Exchange, Inc. today announced record first quarter revenues of $141 million,
  • This action is properly maintainable as a class action for the following reasons:
  • Whether documents, SEC filings, press releases and other statements disseminated to the

  • 7 . COMPLAINT B 3

    EXTRACTED KEY WORDS
    DEFENDANTS
    PLAINTIFF
    PACIFIC GATEWAY EXCHANGE
    PACIFIC GATEWAY
    CLASS ACTION
    GREY
    REPORT
    STOCK
    WEISMILLER
    ANDERSON
    INDIVIDUAL DEFENDANTS
    FUTURE BUSINESS PROSPECTS
    ACCOUNTING
    MISLEADING
    ACQUISITION
    EXCHANGE ACT
    OPERATIONS COMPARED THERETO
    CONNECTION
    INTERNAL CORPORATE DOCUMENTS
    MANAGEMENT
    SAN FRANCISCO
    PUBLICLY TRADED SECURITIES
    CORPORATE OFFICERS
    MATERIAL FACTS
    ADVERSE NON-PUBLIC INFORMATION
    NOS
    INSIDER TRADING PROCEEDS
    MARKET PRICES
    GAAP
    
    
    
    
    MILBERG WEISS BERSHAD
    HYNES & LERACH LLP
    PATRICK J. COUGHLIN (111070)
    RANDI D. BANDMAN (145212)
    100 Pine Street, Suite 2600
    San Francisco, CA 94111
    Telephone: 415/288-4545
        - and -
    WILLIAM S. LERACH (68581)
    DARREN J. ROBBINS (168593)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    WEINSTEIN, KITCHENOFF,
    SCARLATO & GOLDMAN, LTD.
    MARK S. GOLDMAN
    PAUL J. SCARLATO
    1608 Walnut Street, Suite 1400
    Philadelphia, PA 19103
    Telephone: 215/545-7200
    
    MUCH SHELIST FREED DENENBERG
    AMENT & RUBENSTEIN, P.C.
    STEVEN A. KANNER
    DOUGLAS A. MILLEN
    200 North LaSalle Street, Suite 2100
    Chicago, IL 60601-1095
    Telephone: 312/346-3100
    
    HOFFMAN & EDELSON
    MARC H. EDELSON
    45 W. Court Street
    Doylestown, PA 18901
    Telephone: 215/230-8043
    
    Attorneys for Plaintiff
    
    
    
                                       UNITED STATES DISTRICT COURT
    
                                    NORTHERN DISTRICT OF CALIFORNIA
    
    
    MICHAEL FREEDMAN, On Behalf of Himself  )  No. C-00-1251-JL
    
    SNIPPETS:
  • This is a securities class action on behalf of persons who purchased the publicly traded
  • During the Class Period, Pacific reported record results, and up until the end of the Class
  • While defendants were publicly reporting profits of more than $10.1 million for Pacific's
  • During the Class Period, the Individual Defendants (Neckowitz, Weismiller, Grey, Craver and
  • In order to inflate the price of Pacific stock, defendants caused the Company to falsely
  • By the end of March, the Company had assured itself of acquiring NOS - its most important
  • The claims asserted herein arise under and pursuant to§§10and 20of the Securities Exchange
  • Many of the acts and transactions giving rise to the violations of law complained of herein,
  • Assignment of this action to the San Francisco Division is appropriate as a substantial part
  • Plaintiff Michael Freedman purchased Pacific securities during the Class Period as detailed
  • Because of Neckowitz's positions, he knew the adverse non-public information about the
  • finances, markets and present and future business prospects via access to internal corporate
  • By reason of their positions, the officer and/or director defendants identified above,
  • the Individual Defendants engaged in the scheme to conceal Pacific's wrongful revenue
  • Pacific Gateway Exchange, Inc. today announced record first quarter revenues of $141 million,
  • The financial results reported by Pacific for its first quarter 1999 were false and
  • This action is properly maintainable as a class action for the following reasons:
  • Whether documents, SEC filings, press releases and other statements disseminated to the
  • securities in an effort to maintain artificially high market prices for Pacific securities in

  • 8 . COMPLAINT B 13

    EXTRACTED KEY WORDS
    DEFENDANTS
    PACIFIC GATEWAY EXCHANGE
    PLAINTIFF
    PACIFIC GATEWAY
    OFFICERS
    RETAIL
    GREY
    WEISMILLER
    CLASS ACTION
    RETAIL CUSTOMERS
    REPORT
    STOCK
    ANDERSON
    INDIVIDUAL DEFENDANTS
    FUTURE BUSINESS PROSPECTS
    ACCOUNTING
    MISLEADING
    EXCHANGE ACT
    ACQUISITION
    INTERNATIONAL TELECOMMUNICATIONS CARRIER
    UNITED STATES
    MANAGEMENT
    CONNECTION
    INTERNAL CORPORATE DOCUMENTS
    SAN FRANCISCO
    PUBLICLY TRADED SECURITIES
    SENIOR OFFICERS
    MATERIAL FACTS
    ADVERSE NON-PUBLIC INFORMATION
    
    
    
    
    MILBERG WEISS BERSHAD
    HYNES & LERACH LLP
    PATRICK J. COUGHLIN (111070)
    RANDI D. BANDMAN (145212)
    100 Pine Street, Suite 2600
    San Francisco, CA 94111
    Telephone: 415/288-4545
        - and -
    WILLIAM S. LERACH (68581)
    DARREN J. ROBBINS (168593)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    SCHIFFRIN & BARROWAY, LLP
    ANDREW L. BARROWAY
    Three Bala Plaza East, Suite 400
    Bala Cynwyd, PA 19004
    Telephone: 610/667-7706
    
    Attorneys for Plaintiff
    
    
                                       UNITED STATES DISTRICT COURT
    
                                    NORTHERN DISTRICT OF CALIFORNIA
    
    
    KINETICS ASSET MANAGEMENT,                     )  No. C-00-2165-EDL
    INC., On Behalf of Itself and All              )
    Others Similarly Situated,                     )  CLASS ACTION
                            Plaintiff,             ) )  CLASS ACTION COMPLAINT
                                                         FOR VIOLATION OF FEDERAL
        vs.                                        ) )  SECURITIES LAW
    PACIFIC GATEWAY EXCHANGE,   )
                                                   )
    INC., HOWARD A. NECKOWITZ,
                                                   )
    FRED A. WEISMILLER, SANDRA D.   )
    GREY, RONALD D. ANDERSON and   )
    ROBERT F. CRAVER,                              )
                                                   )
                            Defendants.            )
                                                   )
    _________________________________  DEMAND FOR JURY TRIAL
    
    
    SNIPPETS:
  • This is a securities class action on behalf of persons who purchased the publicly traded
  • 13, 1999 and March 31, 2000, inclusive, against Pacific and certain of its senior officers.
  • The Company provides telecommunications services to both wholesale and retail customers
  • During the Class Period, Pacific reported record results, and up until the end of the Class
  • While defendants were publicly reporting profits of more than $10.1 million for Pacific's
  • During the Class Period, the Individual Defendants (Neckowitz, Weismiller, Grey, Craver and
  • In order to inflate the price of Pacific stock, defendants caused the Company to falsely
  • The claims asserted herein arise under and pursuant to §§10and 20of the Securities Exchange
  • Many of the acts and transactions giving rise to the violations of law complained of herein,
  • Assignment of this action to the San Francisco Division is appropriate as a substantial part
  • In connection with the acts, conduct and other wrongs complained of, the defendants, directly
  • Plaintiff Kinetics Asset Management, Inc. purchased Pacific securities during the Class
  • Defendant Pacific is headquartered in Burlingame, California, and represents itself as a
  • Because of Neckowitz's positions, he knew the adverse non-public information about the
  • The Individual Defendants, because of their positions of control and authority as officers
  • Whether documents, SEC filings, press releases and other statements disseminated to the

  • 9 . COMPLAINT B 10

    EXTRACTED KEY WORDS
    DEFENDANTS
    PLAINTIFFS
    PACIFIC GATEWAY EXCHANGE
    PACIFIC GATEWAY
    OFFICERS
    CLASS ACTION
    GREY
    REPORT
    STOCK
    WEISMILLER
    ANDERSON
    INDIVIDUAL DEFENDANTS
    FUTURE BUSINESS PROSPECTS
    ACCOUNTING
    MISLEADING
    ACQUISITION
    EXCHANGE ACT
    OPERATIONS COMPARED THERETO
    CONNECTION
    INTERNAL CORPORATE DOCUMENTS
    MANAGEMENT
    SAN FRANCISCO
    PUBLICLY TRADED SECURITIES
    SENIOR OFFICERS
    MATERIAL FACTS
    ADVERSE NON-PUBLIC INFORMATION
    NOS
    INSIDER TRADING PROCEEDS
    MARKET PRICES
    
    
    
    
    MILBERG WEISS BERSHAD
    HYNES & LERACH LLP
    PATRICK J. COUGHLIN (111070)
    RANDI D. BANDMAN (145212)
    100 Pine Street, Suite 2600
    San Francisco, CA 94111
    Telephone: 415/288-4545
        - and -
    WILLIAM S. LERACH (68581)
    DARREN J. ROBBINS (168593)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    SAVETT FRUTKIN PODELL &
    RYAN, P.C.
    STUART H. SAVETT
    325 Chestnut Street, Suite 700
    Philadelphia, PA 19106
    Telephone: 215/923-5400
    
    LAW OFFICES OF KENNETH A.
    ELAN
    KENNETH A. ELAN
    217 Broadway, Suite 404
    New York, NY 10007
    Telephone: 212/619-0261
    
    Attorneys for Plaintiffs
    
    
    
                                       UNITED STATES DISTRICT COURT
    
                                   NORTHERN DISTRICT OF CALIFORNIA
    
    
    LINDA GENDELL and JONATHAN RODNON,  )  No. C-00-1377-JL
    On Behalf of Themselves and All Others Similarly  )
    Situated,                                         )  CLASS ACTION
                            Plaintiffs,               ) )  CLASS ACTION COMPLAINT
                                                            FOR VIOLATION OF FEDERAL
        vs.                                           ) )  SECURITIES LAW
                                                      )
    PACIFIC GATEWAY EXCHANGE,
                                                      )
    
    SNIPPETS:
  • This is a securities class action on behalf of persons who purchased the publicly traded
  • During the Class Period, Pacific reported record results, and up until the end of the Class
  • While defendants were publicly reporting profits of more than $10.1 million for Pacific's
  • During the Class Period, the Individual Defendants (Neckowitz, Weismiller, Grey, Craver and
  • In order to inflate the price of Pacific stock, defendants caused the Company to falsely
  • By the end of March, the Company had assured itself of acquiring NOS - its most important
  • The claims asserted herein arise under and pursuant to§§10and 20of the Securities Exchange
  • Many of the acts and transactions giving rise to the violations of law complained of herein,
  • Assignment of this action to the San Francisco Division is appropriate as a substantial part
  • In connection with the acts, conduct and other wrongs complained of, the defendants, directly
  • Because of Neckowitz's positions, he knew the adverse non-public information about the and via reports and other information provided to him in connection therewith.
  • By reason of their positions, the officer and/or director defendants identified above,
  • the Individual Defendants engaged in the scheme to conceal Pacific's wrongful revenue
  • Each of the defendants, by acting as herein described, did so knowingly or in such a reckless
  • Pacific Gateway Exchange, Inc. today announced record first quarter revenues of $141 million,
  • This action is properly maintainable as a class action for the following reasons:
  • Whether documents, SEC filings, press releases and other statements disseminated to the
  • Whether the market prices of Pacific securities during the Class Period were artificially

  • 10 . COMPLAINT A

    EXTRACTED KEY WORDS
    DEFENDANTS
    PLAINTIFF
    EXCHANGE
    PACIFIC GATEWAY
    OFFICERS
    RETAIL
    RETAIL CUSTOMERS
    CLASS ACTION
    GREY
    REPORT
    STOCK
    WEISMILLER
    ANDERSON
    INDIVIDUAL DEFENDANTS
    FUTURE BUSINESS PROSPECTS
    ACCOUNTING
    MISLEADING
    ACQUISITION
    EXCHANGE ACT
    INTERNATIONAL TELECOMMUNICATIONS CARRIER
    UNITED STATES
    CONNECTION
    INTERNAL CORPORATE DOCUMENTS
    MANAGEMENT
    SAN FRANCISCO
    PUBLICLY TRADED SECURITIES
    SENIOR OFFICERS
    MATERIAL FACTS
    ADVERSE NON-PUBLIC INFORMATION
    
    
    
    MILBERG WEISS BERSHAD
    HYNES & LERACH LLP
    PATRICK J. COUGHLIN (111070)
    RANDI D. BANDMAN (145212)
    100 Pine Street, Suite 2600
    San Francisco, CA 94111
    Telephone: 415/288-4545
        - and -
    WILLIAM S. LERACH (68581)
    DARREN J. ROBBINS (168593)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    
    KAPLAN, KILSHEIMER & FOX LLP
    FREDERIC S. FOX
    LAURENCE D. KING
    JOEL B. STRAUSS
    805 Third Avenue, 22nd Floor
    New York, NY 10022
    Telephone: 212/687-1980
    
    Attorneys for Plaintiff
    
    [Additional counsel appear on signature page.]
    
    
                                       UNITED STATES DISTRICT COURT
    
                                    NORTHERN DISTRICT OF CALIFORNIA
    JEFFREY WINICK, On Behalf of Himself            )  No. C-00-1121-WHA
    and All Others Similarly Situated,              )  CLASS ACTION
                            Plaintiff,              ) )  CLASS ACTION COMPLAINT
        vs.                                         ) )  FOR VIOLATION OF FEDERAL
    PACIFIC GATEWAY EXCHANGE,                       )  SECURITIES LAW
                                                    )
    INC., HOWARD A. NECKOWITZ,
                                                    )
    FRED A. WEISMILLER, SANDRA D.
                                                    )
    GREY, RONALD D. ANDERSON and   )
    ROBERT F. CRAVER,                               )
                                                    )
                            Defendants.             )
                                                    )
    __________________________________  DEMAND FOR JURY TRIAL
    
    SNIPPETS:
  • This is a securities class action on behalf of persons who purchased the publicly traded
  • The Company provides telecommunications services to both wholesale and retail customers
  • During the Class Period, Pacific reported record results, and up until the end of the Class
  • While defendants were publicly reporting profits of more than $10.1 million for Pacific's
  • During the Class Period, the Individual Defendants (Neckowitz, Weismiller, Grey, Craver and
  • In order to inflate the price of Pacific stock, defendants caused the Company to falsely
  • The claims asserted herein arise under and pursuant to§§10and 20of the Securities Exchange
  • Many of the acts and transactions giving rise to the violations of law complained of herein,
  • Assignment of this action to the San Francisco Division is appropriate as a substantial part
  • In connection with the acts, conduct and other wrongs complained of, the defendants, directly
  • Plaintiff Jeffrey Winick purchased Pacific securities during the Class Period as detailed in
  • Defendant Pacific is headquartered in Burlingame, California, and represents itself as a
  • Because of Neckowitz's positions, he knew the adverse non-public information about the
  • By reason of their positions, the officer and/or director defendants identified above,
  • Pacific Gateway Exchange, Inc. today announced record first quarter revenues of $141 million,
  • This action is properly maintainable as a class action for the following reasons:
  • Whether documents, SEC filings, press releases and other statements disseminated to the

  • 11 . APPENDIX OF UNPUBLISHED CASES

    EXTRACTED KEY WORDS
    SLIP
    WALTER
    ROBINSON
    MARTIN
    DIOLI
    PALO ALTO
    BRUCE
    ERICSON
    FREMONT STREET
    POST OFFICE
    SAN FRANCISCO
    ATTORNEYS
    DEFENDANTS
    HOWARD
    NECKOWITZ
    GAIL
    GRANTON
    SANDRA
    GREY
    MYLES
    MIDCOM COMMUNICATIONS
    WASH
    REE
    PINCKERT
    MMC
    
    
     1 PILLSBURY WINTHROP LLP
            WALTER J. ROBINSON, III  #40632
     2 MARTIN D. DIOLI  #172775
            2550 Hanover Street
     3 Palo Alto, CA 94304-1115
            Telephone:  (650) 233-4500
     4 Facsimile:  (650) 233-4545
    
     5 PILLSBURY WINTHROP LLP
            BRUCE A. ERICSON  #76342
     6 50 Fremont Street
            Post Office Box 7880
     7 San Francisco, CA 94120-7880
            Telephone:  (415) 983-1000
     8 Facsimile:  (415) 983-1200
    
     9 Attorneys for Defendants
            HOWARD A. NECKOWITZ, GAIL E. GRANTON
    10 and SANDRA D. GREY
    
    11
    12                                UNITED STATES DISTRICT COURT
    
    13                               NORTHERN DISTRICT OF CALIFORNIA
    
    14                                     SAN FRANCISCO DIVISION
    
    15
    
    16 In re:                                                   Master File No. C-00-1211-PJH
    
    17 PACIFIC GATEWAY EXCHANGE, INC.                           APPENDIX OF UNPUBLISHED
            SECURITIES LITIGATION                               CASES SUBMITTED IN SUPPORT
    18                                                          OF MOTION BY DEFENDANTS
                                                                HOWARD A. NECKOWITZ, GAIL E.
    19                                                          GRANTON AND SANDRA D. GREY
            This Document Relates to:                           TO DISMISS CONSOLIDATED
    20                                                          AMENDED CLASS ACTION
            ALL ACTIONS                                         COMPLAINT
    21
                                                                Date:        June 13, 2001
    22                                                          Time:        9 a.m.
                                                                Courtroom: D, 15th Floor
    23                                                          Judge:       Hon. Phyllis J. Hamilton
    
    24
    
    
    SNIPPETS:
  • PILLSBURY WINTHROP LLP WALTER J. ROBINSON,
  • MARTIN D. DIOLI #172775
  • Palo Alto,
  • PILLSBURY WINTHROP LLP BRUCE A. ERICSON #76342
  • 50 Fremont Street Post Office Box 7880
  • San Francisco,
  • Attorneys for Defendants
  • HOWARD A. NECKOWITZ, GAIL E. GRANTON
  • 10 and SANDRA D. GREY
  • Myles v. Midcom Communications, Inc.,
  • Wash.
  • Ree v. Pinckert, II,
  • No. C99-0562 MMC, slip op.

  • 12 . COMPLAINT

    EXTRACTED KEY WORDS
    CLASS PERIOD
    SECURITIES
    EXCHANGE
    GROWTH
    RETAIL CUSTOMERS
    REPORTS
    PACIFIC STOCK
    BUSINESS
    INTERNATIONAL TELECOMMUNICATIONS CARRIER
    MISLEADING
    UNITED STATES
    ACQUISITION
    EXCHANGE ACT
    INDIVIDUAL DEFENDANTS
    PROFITS
    PACIFIC GATEWAY
    PROSPECTS
    ACCOUNTING
    CONNECTION THEREWITH
    INTERNAL CORPORATE DOCUMENTS
    ADVERSE NON-PUBLIC INFORMATION
    INSIDER TRADING PROCEEDS
    PUBLICLY REPORTING PROFITS
    TELECOMMUNICATIONS SERVICES
    FUTURE BUSINESS PROSPECTS
    MANAGEMENT
    MATERIAL FACTS
    PLAINTIFF
    PRACTICES
    
          APR-U-00  12%      From:MILBERG WEISS S.F.                            4152664534          
    
    
    
    
               1
               2
               3
               4
               5
               6
    .          7
    
               8  UPLAN,  KTLSHEWER  &  FOX  LLP
                      ?REDBRIC  s. POX
               9  LAURENCE  D. KING
                      IOEL B. STRAUSS
              10  305 Third Avenue, 22nd Floor
                      New York,NY  10022
              11  relephonc:  212/687-1980
              12  Attorneys for Plaintiff
              13  [Additional  counsel appuar on signature page.]
              14                                         UNITED  STATES  DISTRICT  COURT
              15                                                                                       
                                                   NORTHERN  DISTRICT  OF CALIFORNIA
              16
              17  JJVFREY  WINICK,  On Behalf Ff Himqelf  c,NDO                                     wl.
                      All  Others Similarly  Situated,                    1
              1E                                                                         ACTION
                                                          Plaintiff,      !
              19                                                          )  CLASS  ACTION  COMPLAINT 
                              vs.                                         ;  VII$ATION         OF
              20  PACIFIC  GATEWAY  EXCHANGE,  INC.,  ;
              21  HOWARD  A. NBCKOWITZ,  FRED  A.
                      WEISMILLER,  SAND&%  D. GREY,                       1
               22  ;ONU&              13. ANIXRSON  md ROBERT  F.         )
                                 ,                                        1
               23                                         Dcfendauts.
               24                                                         )  PEMAND  FOR JURY  TRIAL
               2:
               21
               2:
               2t
    
    
    
    APR-Of-00  12:56  From:MILBERC WEISS S.F.                          4152684534              f-546 
    
    
    
    SNIPPETS:
  • traded securities of Pacific Gateway Exchange, Inc. between May .13,
  • The Company provides 6 telecommunications services to both wholesale and retail customers
  • 10 Class Period, the defendants maintained that its growth would continue through the fourth
  • While defendants were publicly reporting profits of mow than $10.1 million far
  • 13 the assets of Robe Tel, Inc. and attempted to use its stock to fund its most important
  • 23 qturrters of 1999, which defendants later admitted werefalre, the price of Pacific stock
  • be forced to come clean once accounting improprieties were revealed.
  • Pacific has its principal place of business at 500 Airport Blvd., suite 340,
  • 26 directly or indirectly, used the means and instrumentalities of interstate commerce, the
  • S [IS a company which is an international telecommunications carrier.
  • 12 present and titure business prospects via access to internal corporate documents
  • 14 conversations and connections with other corporate officers and employees, attendance at
  • 17 participated in the issuance and/or review of false and/or misleading statements,
  • he knew the adverse non-public information about thb 21 business of Pacific.
  • attendance at management meetings and via reports and other
  • 23 Pacific, as well as its finances, markets and present and future business prospects via
  • 24 Defendants are liable for the false statements pleaded herein at 1918, 20.23-25.27-28 and
  • 2t pacifds wrongful revenue recognition practices in order to prevent the decline in the
  • use Pacific's artificially inflated stock to fund the Company's acquisition of `2 Dmpanies in
  • 17 nembeti bf the Class plaintiff seeks to represent.
  • Exchange Act, and the rules and regulations thereunder.
  • 13 untrue statements of material fact and/or omitted to Btate material facts neoessacy in

  • 13 . REQUEST FOR JUDICIAL NOTICE

    EXTRACTED KEY WORDS
    COMPLAINT
    EXHIBITS
    COURT
    CIR
    JUDICIAL NOTICE
    LITIG
    CAC
    STOCK
    PILLSBURY WINTHROP LLP
    REQUEST
    DISMISS
    SUPP
    SOLD
    PRICES
    ATTORNEYS
    HOWARD
    NECKOWITZ
    SANDRA
    GREY
    REFERENCE
    MOTION
    PLAINTIFFS
    CONSOL
    ELECTRONICS
    EXCHANGE
    PARRINO
    COMMUNICATIONS
    INTERPRETATION
    STAC ELECTRONICS
    
    
     1 PILLSBURY WINTHROP LLP
            WALTER J. ROBINSON, III  #40632
     2 MARTIN D. DIOLI  #172775
            2550 Hanover Street
     3 Palo Alto, CA 94304-1115
            Telephone:  (650) 233-4500
     4 Facsimile:  (650) 233-4545
    
     5 PILLSBURY WINTHROP LLP
            BRUCE A. ERICSON  #76342
     6 50 Fremont Street
            Post Office Box 7880
     7 San Francisco, CA 94120-7880
            Telephone:  (415) 983-1000
     8 Facsimile:  (415) 983-1200
    
     9 Attorneys for Defendants
            HOWARD A. NECKOWITZ, GAIL E. GRANTON
    10 And SANDRA D. GREY
    
    11
    12                                UNITED STATES DISTRICT COURT
    
    13                               NORTHERN DISTRICT OF CALIFORNIA
    
    14                                     SAN FRANCISCO DIVISION
    
    15
    
    16 In re:                                                   Master File No. C-00-1211-PJH
    
    17 PACIFIC GATEWAY EXCHANGE, INC.                           REQUEST FOR JUDICIAL NOTICE
            SECURITIES LITIGATION                               IN SUPPORT OF MOTION BY
    18                                                          DEFENDANTS HOWARD A.
                                                                NECKOWITZ, GAIL E. GRANTON
    19                                                          AND SANDRA D. GREY TO
            This Document Relates to:                           DISMISS CONSOLIDATED
    20                                                          AMENDED CLASS ACTION
            ALL ACTIONS                                         COMPLAINT
    21
                                                                Date:          June 13, 2001
    22                                                          Time:          9 a.m.
                                                                Courtroom: D, 15th Floor
    23                                                          Judge:         Hon. Phyllis J. Hamilton
    
    24
    
    
    SNIPPETS:
  • PILLSBURY WINTHROP LLP WALTER J. ROBINSON,
  • 10 And SANDRA D. GREY
  • "defendants") hereby request that the Court take judicial notice of the
  • herein by reference.
  • defendants' motion to dismiss plaintiffs' Consolidated Amended Class
  • Action Complaint dated February 2,
  • Exchange Commission: Form 4s filed by: Robert
  • June 10, 1999 and September 9, 1999; Sandra D.
  • and Howard A. Neckowitz on
  • of Exhibits 1 through 29.
  • Branch v. Tunnell, 14 F.3d 449, 453-54 (9th Cir.
  • In re e*spire Communications,
  • F. Supp.
  • 14 interpretation of them.
  • See In re Stac Electronics Sec. Litig., 89 F.3d 1399, 1405-9 (9th Cir.
  • 16 noted by the cross-references to the CAC in the above table,
  • Parrino, 146 F.3d at 706;
  • 23 Consol.
  • The Court can take judicial notice of stock
  • 26 and options held and not sold by defendants.
  • of the company's daily closing stock prices).
  • partner of the law firm of Pillsbury Winthrop LLP and one of the attorneys for defendants

  • 14 . PROPOSED ORDER DISMISSING COMPLAINT

    EXTRACTED KEY WORDS
    PILLSBURY WINTHROP LLP
    PLAINTIFFS
    PAPERS
    WALTER
    ROBINSON
    MARTIN
    DIOLI
    BRUCE
    ERICSON
    SAN FRANCISCO
    SANDRA
    GREY
    DISMISS
    JUDICIAL NOTICE
    HONORABLE PHYLLIS
    HAMILTON
    UNITED STATES DISTRICT
    STATES DISTRICT JUDGE
    COURTROOM
    FLOOR
    GOLDEN GATE AVENUE
    CALIFORNIA
    COURT
    REVIEWED DEFENDANTS
    MOVING PAPERS
    OPPOSITION PAPERS
    EXHIBITS
    REQUEST
    PREJUDICE
    
    
     1 PILLSBURY WINTHROP LLP
          WALTER J. ROBINSON, III  #40632
     2 MARTIN D. DIOLI  #172775
          2550 Hanover Street
     3 Palo Alto, CA 94304-1115
          Telephone:  (650) 233-4500
     4 Facsimile:  (650) 233-4545
    
     5 PILLSBURY WINTHROP LLP
          BRUCE A. ERICSON  #76342
     6 50 Fremont Street
          Post Office Box 7880
     7 San Francisco, CA 94120-7880
          Telephone:  (415) 983-1000
     8 Facsimile:  (415) 983-1200
    
     9 Attorneys for Defendants
          HOWARD A. NECKOWITZ, GAIL E. GRANTON
    10 And SANDRA D. GREY
    
    11
    12                              UNITED STATES DISTRICT COURT
    
    13                             NORTHERN DISTRICT OF CALIFORNIA
    
    14                                   SAN FRANCISCO DIVISION
    
    15
    
    16 In re:                                                    Master File No. C-00-1211-PJH
    
    17 PACIFIC GATEWAY EXCHANGE, INC.                            Date:        June 13, 2001
          SECURITIES LITIGATION                                  Time:        9 a.m.
    18                                                           Courtroom: D, 15th Floor
                                                                 Judge:       Hon. Phyllis J. Hamilton
    19
          This Document Relates to:
    20  ALL ACTIONS
    21
    22
    23
    24                   [PROPOSED] ORDER DISMISSING CONSOLIDATED AMENDED
    25                                   CLASS ACTION COMPLAINT
    26             The motion of defendants HOWARD A. NECKOWITZ, GAIL E. GRANTON and
    
    27 SANDRA D. GREY to dismiss plaintiffs' Consolidated Amended Class Action Complaint
    
    
    SNIPPETS:
  • PILLSBURY WINTHROP LLP WALTER J. ROBINSON,
  • 27 SANDRA D. GREY to dismiss plaintiffs' Consolidated Amended Class Action Complaint
  • Courtroom D, 15th Floor, 450 Golden Gate Avenue, San Francisco, California.
  • Walter J. Robinson III, Bruce
  • A. Ericson and Martin Dioli of Pillsbury Winthrop LLP appeared for defendants.
  • Court, having reviewed defendants' moving papers, plaintiffs' opposition papers and
  • and having taken judicial notice of Exhibits 1 through 29 of
  • defendants' request for judicial notice, and having heard oral argument, and being fully
  • 11 is, dismissed with prejudice.

  • 15 . MOTION TO DISMISS COMPLAINT

    EXTRACTED KEY WORDS
    REVENUES
    ASSETS
    DEFENDANTS
    ALLEGATIONS
    ACCOUNTING
    CAC
    PGE
    RESTATEMENT
    SALES
    LITIG
    RFJN
    SUPP
    FIN
    NECKOWITZ
    BUSINESS
    CLASS PERIOD
    INFERENCE
    BANDWIDTH EXPENSES
    CREDIT FACILITY
    BANDWIDTH CAPACITY
    PLAINTIFFS
    REFORM ACT
    TRANSACTIONS
    SAN FRANCISCO
    GAAP VIOLATIONS
    FINANCIALS
    IRUS
    COMPLAINT
    TELECOMMUNICATIONS SERVICES
    
    
     1 PILLSBURY WINTHROP LLP
            WALTER J. ROBINSON, III  #40632
     2 MARTIN D. DIOLI  #172775
            2550 Hanover Street
     3 Palo Alto, CA 94304-1115
            Telephone:  (650) 233-4500
     4 Facsimile:  (650) 233-4545
    
     5 PILLSBURY WINTHROP LLP
            BRUCE A. ERICSON  #76342
     6 50 Fremont Street
            Post Office Box 7880
     7 San Francisco, CA 94120-7880
            Telephone:  (415) 983-1000
     8 Facsimile:  (415) 983-1200
    
     9 Attorneys for Defendants
            HOWARD A. NECKOWITZ, GAIL E. GRANTON
    10 and SANDRA D. GREY
    
    11
    12                                UNITED STATES DISTRICT COURT
    
    13                               NORTHERN DISTRICT OF CALIFORNIA
    
    14                                     SAN FRANCISCO DIVISION
    
    15
    
    16 In re:                                                   Master File No. C-00-1211-PJH
    
    17 PACIFIC GATEWAY EXCHANGE, INC.                           MOTION BY DEFENDANTS
            SECURITIES LITIGATION                               HOWARD A. NECKOWITZ, GAIL E.
    18                                                          GRANTON AND SANDRA D. GREY
                                                                TO DISMISS CONSOLIDATED
    19                                                          AMENDED CLASS ACTION
            This Document Relates to:                           COMPLAINT
    20
            ALL ACTIONS                                         Date:            June 13, 2001
    21                                                          Time:            9 a.m.
                                                                Courtroom: D, 15th Floor
    22                                                          Judge:           Hon. Phyllis J.
    
    23
    
    24
    
    
    SNIPPETS:
  • Attorneys for Defendants
  • Allegations about PGE's core business and attempts to diversify............................
  • Allegations about PGE's accounting for bandwidth.................................
  • Bandwidth expenses and asset value
  • The accounting restatement
  • The asset write-down after the end of the Class Period
  • The CAC does not allege specific facts raising a strong inference of scienter
  • The allegations of GAAP violations
  • The allegations about the credit facility default
  • The CAC does not adequately allege falsity or materiality
  • F. Supp.
  • In re Ashworth Sec. Litig.,
  • In re Mego Fin.
  • Judge, in Courtroom D, 15th Floor, 450 Golden Gate Avenue, San Francisco, California,
  • defendants HOWARD A. NECKOWITZ, GAIL E. GRANTON and SANDRA D. GREY
  • will move and hereby do move for an order dismissing plaintiffs' Consolidated Amended
  • Class Action Complaint dated February 2, 2001 for failure to state a claim
  • 12 Procedure and the Private Securities Litigation Reform Act of 1995.
  • 10 $6.6 million came from sales of rights to use fiber optic cables.
  • 13 revenues to conceal declining prices and margins in the $597.4 million of telecom.
  • And the same SEC filings show that PGE
  • 26 its financials for the first three quarters of 1999 had no effect on these revenues.
  • immaterial to PGE or its assets.
  • this business never accounted for less than 84% of PGE's revenues;
  • RFJN Ex.
  • 7, at 243 ("The Company has experienced decreasing telecommunications services gross margins
  • and understated PGE's bandwidth expenses.
  • 11 a substantial portion of its revenues from `sales' and/or `leases' of its bandwidth
  • 14 FAS 66 would govern cable IRUs for "all sales.
  • not sell or swap any bandwidth assets until the second quarter of 1999, and did not 27

  • 16 . SUPP DECLARATION OF ANDREW M FISHMAN

    EXTRACTED KEY WORDS
    KINETICS
    DECLARE
    MUTUAL FUNDS
    SAN FRANCISCO
    PACIFIC GATEWAY
    APPOINTMENT
    LEAD PLAINTIFF
    PURCHASES
    ANDREW
    MOTION
    SHARES
    PACIFIC GATEWAY STOCK
    SOWELL
    UNITED STATES
    YORK
    CALIFORNIA
    FISHMAN
    LOSSES
    BARROWAY
    BALA
    COUNSEL
    SUPPORT
    ASSET
    COMPLIANCE
    OFFICER
    AUTHORITY
    INVESTMENT
    PACIFIC GATEWAY EXCHANGE
    CLASS PERIOD
    
    
    
    
    MILBERG WEISS BERSHAD
    HYNES & LERACH LLP
    PATRICK J. COUGHLIN (111070)
    JEFFREY W. LAWRENCE (166806)
    MICHAEL R. R. REESE (206773)
    100 Pine Street, Suite 2600
    San Francisco, CA 94111
    Telephone: 415/288-4545
        - and -
    WILLIAM S. LERACH (68581)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    SCHIFFRIN & BARROWAY, LLP
    RICHARD S. SCHIFFRIN
    ANDREW L. BARROWAY
    Three Bala Plaza East, Suite 400
    Bala Cynwyd, PA 19004
    Telephone: 610/667-7706
    
    [Proposed] Co-Lead Counsel for Plaintiffs
    
    
    
                                     UNITED STATES DISTRICT COURT
    
                                 NORTHERN DISTRICT OF CALIFORNIA
    
    
    In re PACIFIC GATEWAY EXCHANGE,                )  Master File No. C-00-1211-PJH
    INC. SECURITIES LITIGATION                     )
    ___________________________________            )  CLASS ACTION
    This Document Relates To:                      ) )  SUPPLEMENTAL DECLARATION
                                                         OF ANDREW M. FISHMAN IN
    ALL ACTIONS.                                   ) )  SUPPORT OF KINETICS ASSET
    ___________________________________ ) MANAGEMENT'S MOTION TO
                                                         BE APPOINTED LEAD PLAINTIFF
    
    I, ANDREW M. FISHMAN, declare as follows:
    
    1. This Supplemental Declaration is made in further support of the appointment of
    Kinetics Asset Management ("Kinetics") as lead plaintiff and to address the concerns the
    Court had at the September 13, 2000 hearing on this matter. I have personal knowledge
    
    
    
    SNIPPETS:
  • SCHIFFRIN & BARROWAY, LLP RICHARD S. SCHIFFRIN ANDREW L. BARROWAY
  • Three Bala Plaza East, Suite 400
  • Co-Lead Counsel for Plaintiffs
  • I, ANDREW M. FISHMAN, declare as follows:
  • This Supplemental Declaration is made in further support of the appointment of Kinetics Asset
  • In late 1999, The Internet Fund merged into Kinetics Mutual Funds, Inc.,, and I am compliance
  • As such, I have authority to initiate legal proceedings on behalf of both Kinetics, the
  • Prior to my seeking Kinetics' appointment as lead plaintiff, the officers of both Kinetics
  • Recognizing that Kinetics had purchased 20,000 shares of Pacific Gateway Exchange, Inc. stock
  • In addition to the purchases during the current Class Period, which were made by Kinetics on
  • In my earlier declaration, I erroneously attributed these losses to Kinetics; in fact, all of
  • As a result of the merger of The Internet Fund into the Mutual Funds, the assertion by Joseph
  • Since that time, The Internet Fund was merged into the Mutual Funds, a registered investment
  • I declare under penalty of perjury under the laws of the State of New York that the foregoing
  • That declarant is and was, at all times herein mentioned, a citizen of the United States and
  • ASSET MANAGEMENT'S MOTION TO BE APPOINTED LEAD PLAINTIFF by depositing a true copy thereof in

  • 17 . OPPOSITION TO THE MOTIONS FOR LEAD PLAINTIFF

    EXTRACTED KEY WORDS
    KINETICS
    MOTION
    SOWELL
    APPOINTMENT
    COURT
    BROSZ
    SOWELL GROUP
    DECLARATION
    CLASS MEMBERS
    SAN FRANCISCO
    COMPLAINT
    LOSSES
    COUNSEL
    RELIEF
    SUPP
    SECURITIES
    LITIGATION
    CLASS PERIODS
    ADEQUATE PLAINTIFF
    CONSOLIDATION
    MISREPRESENTATIONS
    OMISSIONS
    CALIFORNIA
    PARTIES
    PRIVATE SECURITIES
    APPLICANT
    KINETICS ASSET
    SUPPORT
    SCOTT BROSZ
    
    
    
    
    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
        - and -
    WILLIAM S. LERACH (68581)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    SCHIFFRIN & BARROWAY, LLP
    RICHARD S. SCHIFFRIN
    ANDREW L. BARROWAY
    Three Bala Plaza East, Suite 400
    Bala Cynwyd, PA 19004
    Telephone: 610/667-7706
    
    [Proposed] Co-Lead Counsel for Plaintiffs
    
    
    
                                       UNITED STATES DISTRICT COURT
    
                                    NORTHERN DISTRICT OF CALIFORNIA
    
    
    JEFFREY WINICK, On Behalf of Himself           )  No. C-00-1211-WHA
    and All Others Similarly Situated,             )  CLASS ACTION
                            Plaintiff,             ) )  KINETICS ASSET MANAGEMENT'S
        vs.                                        ) )  OPPOSITION TO THE MOTIONS
                                                   )
    PACIFIC GATEWAY EXCHANGE,                            OF SCOTT BROSZ AND THE
                                                   )
    INC., et al.,                                        SOWELL GROUP TO BE
                                                   )  APPOINTED LEAD PLAINTIFF
                                                   )
                            Defendants.            )
    _________________________________ ) DATE: July 13, 2000
                                                         TIME: 8:00 a.m.
                                                         COURTROOM: Honorable
                                                                                    William J. Alsup
    
    I. INTRODUCTION
    
    SNIPPETS:
  • All parties agree that under the Private Securities Litigation Reform Act of 1995, the lead
  • That is clearly Kinetics Asset Management.
  • As a result, Kinetics' losses are over $10,000,000 dwarfing the largest losses suffered by
  • See Andrew M. Fishman's Declaration in Support of Motion for Appointment as Lead Plaintiff,
  • The other two moving parties seeking to be appointed lead plaintiff, Scott Brosz and the
  • Kinetics has filed a declaration indicating that it understands the lead plaintiff
  • Sec. Litig., 76 F. Supp.
  • Because Kinetics has the greatest financial stake at interest in this litigationand has shown
  • shall appoint as lead plaintiff the member or members of the purported class that the court
  • The Kinetics complaint is based upon the same alleged misrepresentations and omissions as the
  • "ourts here have generally held that differing class periods alone will not defeat
  • (consolidating securities fraud class action cases even though the class periods were
  • That declarant is and was, at all times herein mentioned, a citizen of the United States and
  • GROUP TO BE APPOINTED LEAD PLAINTIFF by depositing a true copy thereof in a United States
  • Notice of Motion, Motion and Memorandum of Law in Support of Motion by Scott Brosz for

  • 18 . MOTION TO CONSOLIDATE RELATED ACTIONS

    EXTRACTED KEY WORDS
    CONSOLIDATION
    DEFENDANTS
    COURT
    MOTION
    SECURITIES
    RELATED ACTIONS
    CLASS PERIOD
    EXCHANGE ACT
    SAN FRANCISCO
    LEAD PLAINTIFF
    PENDING
    PRIOR
    VIOLATION
    DECLARATION
    FINANCE
    PSLRA
    MOVANTS
    ALLEGES
    LAW
    PURPOSES
    DETERMINATION
    PRESERVATION
    PURSUANT
    VICE PRESIDENT
    REPORTS
    REVENUES
    STOCK
    NOS
    COMPLAINT
    
    
    
    
    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
        - and -
    WILLIAM S. LERACH (68581)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    SCHIFFRIN & BARROWAY, LLP
    RICHARD S. SCHIFFRIN
    ANDREW L. BARROWAY
    Three Bala Plaza East, Suite 400
    Bala Cynwyd, PA 19004
    Telephone: 610/667-7706
    
    [Proposed] Co-Lead Counsel for Plaintiffs
    
    
    
                                       UNITED STATES DISTRICT COURT
    
                                    NORTHERN DISTRICT OF CALIFORNIA
    
    
    JEFFREY WINICK, On Behalf of Himself             )  No. C-00-1211-WHA
    and All Others Similarly Situated,               )  CLASS ACTION
                            Plaintiff,               ) )  NOTICE OF MOTION AND
        vs.                                          ) )  MOTION TO CONSOLIDATE
                                                     )  RELATED ACTIONS FOR
    PACIFIC GATEWAY EXCHANGE,                        )
    INC., et al.,                                          VIOLATIONS OF THE FEDERAL
                                                     )  SECURITIES LAWS OF 1934
                                                     )
                            Defendants.              )
    ___________________________________ ) DATE: July 13, 2000
                                                           TIME: 8:00 a.m.
                                                           COURTROOM: The Honorable
                                                                                      William H. Alsup
    
    
    
    
    SNIPPETS:
  • San Francisco, CA 94111 Telephone:
  • SUMMARY OF PENDING ACTIONS
  • This Court Should Consolidate These Related Actions for Purposes of Efficiency
  • The PSLRA Requires that the Question of Consolidation Be Decided Prior to the Determination
  • This Court Should Order the Preservation of Documents
  • Tuttleman v. Pacific Gateway
  • This motion is brought on the grounds that these16 related securities class action lawsuits
  • Each alleges claims for violation of §§10and 20of the Securities Exchange Act of 1934, 15
  • each is based upon similar factual allegations and names the same defendants.
  • This motion is based upon notice of motion, the memorandum of points and authorities in
  • Movants seek to consolidate these actions pursuant to Federal Rule of Civil Procedure 42.
  • Each of these actions alleges securities fraud claims on behalf of a class of persons who
  • Because each action asserts the same claims and raises substantially the same questions of
  • These related class actions allege a common course of conduct by the same defendants in
  • Each action alleges that the defendants issued false and misleading statements during the
  • Defendant Ronald D. Anderson is also an Executive Vice President of Pacific Gateway.
  • defendant Sandra D. Grey was Chief Financial Officer and Vice President of Finance of Pacific
  • Pacific Gateway filed these financial reports with the SEC on May 14,
  • Meanwhile, defendants Craver, Anderson, Weismiller and Grey used this spike in value to sell
  • On July 22, 1999, Pacific Gateway announced that its second quarter revenues and earnings for
  • On January 6, 2000, Pacific Gateway announced that it had signed a Definitive Agreement to
  • For the reasons stated above, and in order to promote judicial economy, Movants respectfully

  • 19 . MOTION TO APPOINT LEAD PLAINTIFF

    EXTRACTED KEY WORDS
    LEAD PLAINTIFF
    PACIFIC GATEWAY
    COURT
    COUNSEL
    LAWRENCE
    CLASS MEMBERS
    SAN FRANCISCO
    APPOINTED LEAD PLAINTIFF
    DEFENDANTS
    SECURITIES
    RELIEF
    CLASS ACTIONS
    CLASS PERIOD
    MILBERG WEISS BERSHAD
    LERACH LLP
    APPROVE KINETICS ASSET
    MOTION
    EXCHANGE ACT
    APPOINTMENT
    FEDERAL SECURITIES LAWS
    LAWRENCE DECL
    BALA PLAZA EAST
    PROCEDURAL BACKGROUND
    PSLRA
    PURPORTED CLASS
    APPOINT KINETICS ASSET
    MISLEADING STATEMENTS
    VICE PRESIDENT
    PURCHASED PACIFIC GATEWAY
    
    
    
    
    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
        - and -
    WILLIAM S. LERACH (68581)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    SCHIFFRIN & BARROWAY, LLP
    RICHARD S. SCHIFFRIN
    ANDREW L. BARROWAY
    Three Bala Plaza East, Suite 400
    Bala Cynwyd, PA 19004
    Telephone: 610/667-7706
    
    [Proposed] Co-Lead Counsel for Plaintiffs
    
    
    
                                       UNITED STATES DISTRICT COURT
    
                                    NORTHERN DISTRICT OF CALIFORNIA
    
    
    JEFFREY WINICK, On Behalf of Himself             )  No. C-00-1211-WHA
    and All Others Similarly Situated,               )  CLASS ACTION
                            Plaintiff,               ) )  NOTICE OF MOTION AND
        vs.                                          ) )  MOTION TO APPOINT KINETICS
                                                     )
    PACIFIC GATEWAY EXCHANGE,                              ASSET MANAGEMENT AS LEAD
                                                     )
    INC., et al.,                                          PLAINTIFF AND FOR APPROVAL
                                                     )  OF LEAD PLAINTIFF'S CHOICE
                                                     )
                            Defendants.              )  OF COUNSEL
    ___________________________________ ) DATE: July 13, 2000
                                                           TIME: 8:00 a.m.
                                                           COURTROOM: The Honorable
                                                                                      William H. Alsup
    
    
    
    SNIPPETS:
  • San Francisco, CA 94111 Telephone:
  • Three Bala Plaza East, Suite 400
  • Co-Lead Counsel for Plaintiffs
  • PROCEDURAL BACKGROUND
  • Kinetics Asset Management Should Be Appointed Lead Plaintiff
  • Kinetics Asset Management Believes It Has the Largest Financial
  • Interest in the Relief Sought by the Class
  • the Class B. This Court Should Approve Kinetics Asset Management's Choice of Counsel
  • This motion is made on the grounds that Kinetics Asset Management is the most adequate
  • P. 23 because its claims are typical of class members' claims, and Kinetics Asset Management
  • The motion is based on this notice of motion, the memorandum of points and authorities in
  • Kinetics Asset Management suffered at least $623,000 in damages from the purchase of Pacific
  • Section 21D of the Exchange Act, as amended by the PSLRA, sets forth the procedure for the
  • any member of the purported class may
  • The Exchange Act, as amended by the PSLRA, requires prompt publication of notice advising
  • Defendant Ronald D. Anderson is also an Executive Vice President of Pacific Gateway.
  • defendants made a number of positive but false statements regarding the financial success of
  • Now, investors who purchased Pacific Gateway securities while the securities' price were
  • This Court Should Approve Kinetics Asset Management's Choice of Counsel The PSLRA vests
  • Here, Kinetics Asset Management has selected the law firms of Schiffrin & Barroway, LLP and
  • Kinetics Asset Management respectfully requests that this Court: appoint Kinetics Asset

  • 20 . DECLARATION OF JEFFREY W LAWRENCE IN SUPPORT OF OPPOSITION

    EXTRACTED KEY WORDS
    SAN FRANCISCO
    CALIFORNIA
    JEFFREY
    LAWRENCE
    PLAINTIFF
    LERACH LLP
    MILBERG WEISS BERSHAD
    HYNES
    SCHIFFRIN
    BARROWAY
    ANDREW
    BALA
    COUNSEL
    LAW
    EXHIBIT
    SUPPORT
    MOTION
    LEAD PLAINTIFF
    PENALTY
    PERJURY
    FOREGOING
    UNITED STATES
    THEREOF
    UNITED STATES MAILBOX
    SEALED ENVELOPE
    THEREON FULLY PREPAID
    DESIGNATED INTERNET SITE
    REGULAR COMMUNICATION
    MAILING
    
    
    
    
    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
        - and -
    WILLIAM S. LERACH (68581)
    600 West Broadway, Suite 1800
    San Diego, CA 92101
    Telephone: 619/231-1058
    SCHIFFRIN & BARROWAY, LLP
    RICHARD S. SCHIFFRIN
    ANDREW L. BARROWAY
    Three Bala Plaza East, Suite 400
    Bala Cynwyd, PA 19004
    Telephone: 610/667-7706
    
    [Proposed] Co-Lead Counsel for Plaintiffs
    
    
    
                                       UNITED STATES DISTRICT COURT
    
                                    NORTHERN DISTRICT OF CALIFORNIA
    
    
    JEFFREY WINICK, On Behalf of Himself           )  No. C-00-1211-WHA
    and All Others Similarly Situated,             )  CLASS ACTION
                            Plaintiff,             ) )  DECLARATION OF JEFFREY
        vs.                                        ) )  W. LAWRENCE IN SUPPORT
                                                   )
    PACIFIC GATEWAY EXCHANGE,                            OF KINETICS ASSET
                                                   )
    INC., et al.,                                        MANAGEMENT'S OPPOSITION
                                                   )  TO THE MOTIONS OF SCOTT
                                                   )
                            Defendants.            )  BROSZ AND THE SOWELL
    _________________________________ ) GROUP TO BE APPOINTED
                                                         LEAD PLAINTIFF
    
                                                         DATE: July 13, 2000
                                                         TIME: 8:00 a.m.
                                                         COURTROOM: Honorable
    
    SNIPPETS:
  • SCHIFFRIN & BARROWAY, LLP RICHARD S. SCHIFFRIN ANDREW L. BARROWAY
  • Three Bala Plaza East, Suite 400
  • I, JEFFREY W. LAWRENCE, declare as follows:
  • I am associated with the law firm of Milberg Weiss Bershad Hynes & Lerach LLP, one of the
  • Exhibit A: Andrew M. Fishman's Declaration in Support of Motion to Be Appointed Lead Plaintiff
  • I declare under penalty of perjury under the laws of the State of California that the
  • Executed this 22nd day of June, 2000, at San Francisco, California.
  • GROUP TO BE APPOINTED LEAD PLAINTIFF by depositing a true copy thereof in a United States
  • That there is a regular communication by mail between the place of mailing and the places so

  • 21 . DOCKET 2

    EXTRACTED KEY WORDS
    PLAINTIFF
    DOCKET
    PACIFIC GATEWAY
    DISTRICT
    WILLIAM
    ORRICK
    JURY DEMAND
    EXCHANGE
    ENTRY
    DKT
    COURT
    SECURITIES EXCHANGE ACT
    HOWARD
    NECKOWITZ
    GAIL
    GRANTON
    THOMAS
    MURPHY
    SANDRA
    GREY
    FEE
    AMOUNT
    FILE REQUISITE CERTIFICATE
    PLTF
    CLASS ACTION
    COUNSEL
    FILE MOTION
    SERVE
    PUBLICATION
    
    
    
    Docket as of April 11, 2000 [retrieved 4/12/00]
    
    Proceedings include all events.
    3:00cv1242 Weiss v. Pacific Gateway Exch, et al
    
                                     U.S. District Court
         U.S. District for the Northern District of California (S.F.)
    
                             CIVIL DOCKET FOR CASE #: 00-CV-1242
    
    Weiss v. Pacific Gateway Exch, et al                                      Filed:
    04/10/00
    Assigned to: Senior Judge William H. Orrick Jury demand: Plaintiff
    Demand: $0,000                                             Nature of Suit: 850
    Lead Docket: None                                          Jurisdiction: Federal
    Question
    Dkt# in other court: None
    
    Cause: 15:78m(a) Securities Exchange Act
    
    
    ROBERT A. WEISS                             Stanley M. Grossman
                Plaintiff                       [COR LD NTC]
                                                Pomerantz Haudek Block Grossman
                                                & Gross LLP
                                                100 Park Ave
                                                26th Flr
                                                New York, NY 10017-5516
                                                (212) 661-1100
    
                                                Christopher T. Heffelfinger
                                                [COR LD NTC]
                                                Jennifer S. Abrams
                                                [COR LD NTC]
                                                Berman DeValerio Pease &
                                                Tabacco
                                                425 California St
                                                Ste 2025
                                                San Francisco, CA 94104
                                                (415) 433-3200
    
                                                Kenneth R. DeStefano
                                                [COR LD NTC]
                                                Pomerantz Haudek Block Grossman
                                                & Gross
                                                100 Park Avenue, 26th Fl.