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Keywords & Phrases
CaseNo: PAI96014, CourtName: CLASS ACTION II, State: MA Massachusetts, UniqueCaseRef: LCD>PAI96014, Pri, Class Period, Common Stock, Automation, Misleading, Securities, Act, Dissemination, Manufacturing, Tyson, Individual Defendants, Materials, Price, Semiconductor, Factory Automation, Material Facts, Connection, Exchange Act, Relevant Times, Semiconductor Industry, Materially False, Production, Registration Statement, Experiencing, Misrepresentations, Turbostocker, Violations, Entry, Pri Automation, Docket, Amram Rasiel, Mitchell, Mordechai Wiesler, Chan, District Court, Massachusetts , ContentID: 120246265

Case Documents
1 2000-12-07 DOCKET
[ see first page and extracted highlights below  ] ItemID: 114833
3 pages
PDF
2 2000-01-27 COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 114832
35 pages
PDF
Total Documents: 2 documents , 38 pages
Price: $ 24.95


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1 . DOCKET

EXTRACTED KEY WORDS
PRI AUTOMATION
DEFENDANT
DOCKET
AMRAM RASIEL
MITCHELL
TYSON
MORDECHAI WIESLER
CHAN
COURT
DISTRICT COURT
MASSACHUSETTS
BOSTON
CIVIL DOCKET
DKT
SECURITIES EXCHANGE ACT
JUDGE
KEETON
AMOUNT
FEE


Case docket was last updated on: 12/07/00.


Docket as of December 7, 2000 9:36 pm                             Page 1

Proceedings include all events.
1:00cv12398 Chan v. PRI Automation, Inc., et al

                                 U.S. District Court
                U.S. District Court - Massachusetts (Boston)

                        CIVIL DOCKET FOR CASE #: 00-CV-12398

Chan v. PRI Automation, Inc., et al                                         Filed:
11/20/00
Assigned to: Judge Robert E. Keeton                       Jury demand: Plaintiff
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


KAI CHAN, on behalf of himself              Stephen Moulton
and all others similarly                    [COR LD NTC]
situated                                    Nancy F. Gans
           Plaintiff                        [COR LD NTC]
                                            Moulton & Gans, LLP
                                            133 Federal Street
                                            12th Floor
                                            Boston, MA 02110-1200
                                            617-369-7979


     v.


PRI AUTOMATION, INC.
           Defendant


AMRAM RASIEL
           Defendant


SNIPPETS:
  • Case docket was last updated on:
  • 1:00cv12398 Chan v. PRI Automation, Inc., et al
  • U.S. District Court - Massachusetts (Boston)
  • CIVIL DOCKET FOR CASE #:
  • Dkt# in other court: None
  • Cause: 15:78mSecurities Exchange Act
  • PRI AUTOMATION, INC. Defendant
  • Case assigned to Judge: Keeton.
  • #: 26839 Amount:$ 150.00.
  • Fee Status: pd.
  • [Entry date 11/28/00]
  • 11/20/00 -- Summons issued for PRI Automation, Inc., Amram Rasiel,
  • Mitchell G. Tyson, Mordechai Wiesler

  • 2 . COMPLAINT

    EXTRACTED KEY WORDS
    DEFENDANTS
    CLASS PERIOD
    COMMON STOCK
    AUTOMATION
    MISLEADING
    PLAINTIFF
    SECURITIES
    ACT
    DISSEMINATION
    MANUFACTURING
    INDIVIDUAL DEFENDANTS
    MATERIALS
    TYSON
    PRICE
    MEMBERS
    SEMICONDUCTOR
    FACTORY AUTOMATION
    MATERIAL FACTS
    CONNECTION
    EXCHANGE ACT
    RELEVANT TIMES
    SEMICONDUCTOR INDUSTRY
    MATERIALLY FALSE
    PRODUCTION
    REGISTRATION STATEMENT
    EXPERIENCING
    MISREPRESENTATIONS
    TURBOSTOCKER
    VIOLATIONS
    
                                                UNITED STATES DISTRICT COURT
                                                  DISTRICT OF MASSACHUSETTS
    
    
    KAI CHAN, On Behalf of Himself and All Others                                       ) No.
    Similarly Situated,                                                                 )) CLASS ACTION
                                                   Plaintiff,                           ))
               vs.                                                                      ) COMPLAINT FOR
                                                                                        ) THE
    PRI AUTOMATION, INC., AMRAM RASIEL                                                  ) ACT OF 1934
    MITCHELL G. TYSON, AND MORDECHAI                                                    )
    WIESLER,                                                                            )) Plaintiff
                                                   Defendants.                          ) Trial By Jury
                                                                                        ))
                                                                                         )
    
    
                                                        NATURE OF THE ACTION
    
               1.          This is a class action on behalf of a class (the "Class") of all persons who
    
    purchased or otherwise acquired the common stock of PRI Automation, Inc. ("PRI" or the
    
    "Company") between January 27, 2000 and September 11, 2000 (the "Class Period), seeking to
    
    pursue remedies under the Securities Exchange Act of 1934 ("1934 Act").
    
                                                      JURISDICTION AND VENUE
    
               2.          Plaintiff brings this action pursuant to the 1934 Act as amended (15 U.S.C.
    
    §§ 78j(b) and 78t(a)) and Rule 10b-5 promulgated thereunder (17 C.F.R. § 240.10b-5).
    
               3.          This Court has jurisdiction over the subject matter of this action pursuant
    
    the 1934 Act (15 U.S.C. § 78aa) and 28 U.S.C. § 1331.
    
               4.          Venue is proper in this District pursuant to § 27 of the 1934 Act, 15 U.S.C.
    
    and 28 U.S.C. § 1391(b).  Many of the acts and transactions giving rise to the violations of law
    
    complained of herein, including the preparation and dissemination to the investing public of false
    
    
    
    and misleading information, occurred in this District and PRI maintains its principal executive
    
    offices in this District.
    
    
    SNIPPETS:
  • purchased or otherwise acquired the common stock of PRI Automation,
  • "Company") between January 27, 2000 and September 11, 2000 (the "Class Period), seeking to
  • pursue remedies under the Securities Exchange Act of 1934.
  • Many of the acts and transactions giving rise to the violations of law
  • and misleading information, occurred in this District and PRI maintains its principal
  • In connection with the acts, conduct and other wrongs complained of herein, the
  • Plaintiff Kai Chan purchased PRI common stock during the Class Period,
  • substantial damages as a result of the wrongful acts of defendants as alleged herein.
  • PRI supplies factory automation
  • systems for semiconductor manufacturers and original equipment suppliers.
  • Defendant Amram Rasiel was at all relevant times PRI's director.
  • Defendant Mitchell G. Tyson was at all relevant times PRI's chief
  • Directors, and their ability to make public statements in the name of PRI, the Individual
  • As a result of their failure to do so, the price of PRI common stock was
  • contents of quarterly and annual reports, press releases and presentations to securities
  • and other Class members; artificially inflate the price of PRI stock during the Class Period;
  • breached any duty to convey material facts or to correct material facts previously
  • the "fab" in their 30-to-45-day manufacturing cycle.
  • factory automation software that manages and directs
  • cyclical and, if they are to succeed, semiconductor industry suppliers such as PRI must
  • operations more efficient and improve production yields.
  • Statement amendment filed with the SEC on May 12, 2000 ("Registration Statement"), the
  • automation" was announcing the "availability" of the TurboStocker XT, that the TurboStocker
  • As result of these misrepresentations, PRI's share price increased, from $75.43 at
  • solutions to optimize the flow of materials and data throughout their factories.
  • the Company was experiencing material and persistent problems in its
  • The interviewer gave Tyson yet another opportunity to qualify his materially false
  • or acquiesced in the issuance or dissemination of such statements or documents as primary
  • artificially high market prices for PRI common stock in violation of Section 10of the
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