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Keywords & Phrases
CaseNo: PM72884, CourtName: CLASS ACTION CASES, State: CA California, UniqueCaseRef: LCD>PM72884, Pinnacle Micro, Stock, Optical Storage, Class Period, Entry, Apex, Motion, William, Financial Statements, Scott Blum, Price, Market, Design, Reports, Drives, Manufacturing, Judge, Krpa, Representations, Securities, Gross Margins, Accounting, Blum, Ntc, Plas, Coopers, Llp, Purchasers, Management, Dismiss, Technology, Misleading, Pregerson, Judge Dean, Scott, Successful, Lybrand, Individual Defendants, Defendant William, Cor, Defendant Kevin, Lehnert, Defendant James, Hanley, Cnsl, Exchange Act , ContentID: 120246843

Case Documents
1   COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 116631
72 pages
PDF
2 1999-04-07 DOCKET
[ see first page and extracted highlights below  ] ItemID: 116632
16 pages
PDF
Total Documents: 2 documents , 88 pages
Price: $ 24.95


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1 . COMPLAINT

EXTRACTED KEY WORDS
DEFENDANTS
STOCK
OPTICAL STORAGE
PLAINTIFFS
CLASS PERIOD
BUSINESS
APEX
WILLIAM
FINANCIAL STATEMENTS
SCOTT BLUM
PRICE
MARKET
DESIGN
REPORTS
DRIVES
MANUFACTURING
REPRESENTATIONS
SECURITIES
GROSS MARGINS
ACCOUNTING
LLP
PURCHASERS
MANAGEMENT
TECHNOLOGY
MISLEADING
SUCCESSFUL
INDIVIDUAL DEFENDANTS
EXCHANGE ACT
PRODUCTION


MILBERG WEISS BERSHAD
     HYNES & LERACH LLP
WILLIAM S. LERACH (68581)
PATRICK J. COUGHLIN (111070)
600 West Broadway, Suite 1800
San Diego, CA 92101
Telephone: 619/231-1058

SCHIFFRIN & CRAIG, LTD.
RICHARD S. SCHIFFRIN
Three Bala Plaza East
Suite 400
Bala Cynwyd, PA 19004
Telephone: 610/667-7706

BERGER & MONTAGUE, P.C.
SHERRIE R. SAVETT
1622 Locust Street
Philadelphia, PA 19103
Telephone: 215/875-3000

Attorneys for Plaintiffs

                       UNITED STATES DISTRICT COURT

                      CENTRAL DISTRICT OF CALIFORNIA

                               SOUTHERN DIVISION


DOLORES M. WILLS and JANET COHEN,          ) No. SACV-96-261-GLT (EEx)
On Behalf of Themselves and All            )
Others Similarly Situated,                 ) CLASS ACTION
                                           )
                           Plaintiffs,     ))
        vs.                                ) COMPLAINT FOR VIOLATION OF
                                           ) THE SECURITIES EXCHANGE ACT
WILLIAM F. BLUM, SCOTT A. BLUM,            ) OF 1934 AND THE CAL. CORP.
KEVIN L. LEHNERT, JAMES G. HANLEY          ) CODE
and PINNACLE MICRO, INC.,                  ))
                           Defendants.     ) Plaintiffs Demand A
____________________________________) Trial By Jury




SNIPPETS:
  • MILBERG WEISS BERSHAD HYNES & LERACH LLP WILLIAM S. LERACH PATRICK J. COUGHLIN
  • Attorneys for Plaintiffs
  • stock of Pinnacle Micro, Inc.,
  • complaining of a fraudulent scheme and course of business
  • that operated as a fraud or deceit on purchasers of Pinnacle Micro
  • During the Class Period, defendants misrepresented to the
  • that its gross margins would increase in the fourth quarter
  • and that its prior accounting problems had been resolved,
  • Pinnacle Micro's stock price to a Class Period high of $19.1 Additionally, when questioned by
  • shortages for its Apex product in mid-December 1995,
  • Apex manufacturing process.
  • of optical storage systems for data intensive applications.
  • instances of false financial statements and accounting
  • the apparently successful first quarter results as a backdrop the
  • July 1995 as the Company represented that it was achieving market
  • "mprovements in optical technology.
  • The Individual Defendants represented that the
  • production would begin in mid-September with capacity of 40,000
  • during the Class Period were materially false and misleading.
  • the Company as management continued to improperly manipulate its
  • Exchange Act of 1934, 15 U.S.C. §78aa, and 28
  • budgets and forecasts and reports of actual
  • Defendant Scott A. Blum ("Scott Blum") is a director
  • "unwilling to rely upon the representations of
  • would be equal in price and performance to magnetic drives.
  • design and supplier delays.

  • 2 . DOCKET

    EXTRACTED KEY WORDS
    DEFENDANT
    MOTION
    JUDGE
    KRPA
    PLAINTIFF
    BLUM
    NTC
    PLAS
    COOPERS
    DISMISS
    PREGERSON
    PINNACLE MICRO
    JUDGE DEAN
    SCOTT
    LYBRAND
    DEFENDANT WILLIAM
    COR
    DEFENDANT KEVIN
    LEHNERT
    DEFENDANT JAMES
    HANLEY
    CNSL
    WILLS
    DFTS
    LYBRAND LLP
    LEAD PLFS
    MTN
    DOCS PURS
    SUPPT
    
    
    
    Docket as of April 7, 1999 [retrieved 8/17/99]
    
    Proceedings include all events.                                                  TERMED
    2:96cv6441 Dolores M Wills, et al v. William F Blum, et al
    REFER
                                                                                     TRANSF
                                                                           TERMED REFER
                                                                           TRANSF
                                  U.S. District Court
                  Central District of California (Western Div.)
    
                          CIVIL DOCKET FOR CASE #: 96-CV-6441
    
    Dolores M Wills, et al v. William F Blum, et al                        Filed:
    09/13/96
    Assigned to: Judge Dean D. Pregerson                    Jury demand: Both
                     Referred to: Discovery Carolyn Turchin
    Demand: $0,000                                          Nature of Suit: 850
    Lead Docket: None                                       Jurisdiction: Federal
    Question
    Dkt # in Southern Div : is 8:96-cv-00261
    
    Cause: 15:78m(a) Securities Exchange Act
    
    
    DOLORES M WILLS, On behalf of            William S Lerach
    themselves and all others                FAX 619-231-7423
    similarly situated                       [COR LD NTC]
             plaintiff                       Patrick J Coughlin
                                             [COR LD NTC]
                                             Milberg Weiss Bershad Hynes &
                                             Lerach
                                             600 West Broadway
                                             Suite 1800
                                             San Diego, CA 92101
                                             619-231-1058
    
                                             Sherrie R Savett
                                             [COR LD NTC]
                                             Berger & Montague
                                             1622 Locust St
                                             Philadelphia, PA 19103-6365
                                             215-875-3000
    
                                             Richard S Schiffrin
                                             FAX 610-667-7056
    
    SNIPPETS:
  • 2:96cv6441 Dolores M Wills, et al v. William F Blum, et al
  • plaintiff Patrick J Coughlin
  • [COR LD NTC]
  • defendant
  • PINNACLE MICRO INC Bruce G Vanyo defendant
  • defendant William F Blum, defendant Scott A Blom, defendant
  • Kevin L Lehnert, defendant James G Hanley, defendant
  • Pinnacle Micro Inc on 3/25/96 [Entry date
  • general cnsl,
  • incld 6-24-96 to fi & srv resp pleading to plas' cmp' pltfs
  • Ernst & Young & dfts shall not sk to enforce discov dir at
  • plaintiff Janet Cohen for order to be apptd lead plfs &
  • Cohen in support of motion for order to be apptd lead plfs
  • LLP to prod docs purs to subp; LDGD ORD; motion hearing
  • set for 10:00 6/17/96 (krpa)
  • Janet Cohen in support of motion to compel non-pty Coopers
  • & Lybrand LLP to prod docs purs to subp
  • plaintiff Janet Cohen in suppt of pltfs' mtn to
  • compel non-pty Coopers & Lybrand LLP to prod docs purs to
  • 7/1/96 by Judge Gary L. Taylor CR:
  • 6/6/96 13 STATEMENT of non-opp by defendant William F Blum,
  • Scott A Blom, defendant Kevin L Lehnert, defendant James G
  • plaintiff Janet Cohen in suppt of plas' mtn to be
  • defendant Pinnacle Micro Inc to dismiss;
  • Western Division cal of Judge Dean D. Pregerson for all
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