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AMINTINAT v INTERNET SECURITY SYSTEMS INC Click to find out why . . .



Keywords & Phrases
CaseNo: AVISSI224318, Plaintiff: AMINTINAT, State: GA Georgia, UniqueCaseRef: LCD>AVISSI224318, Iss, Class Period, Stock, Security, Exchange Act, Common Stock, Class Action, Securities, Damages, Class Members, Price, Suffered Damages, Noonan, Internet Security Systems, Individual Defendants, Artificially High, United States, Allegations, Protection, Financials, Misleading, Expectations, Intrusion Detection, States District Court, Dissemination, Strategic Alliances, Management, Misrepresentations , ContentID: 120248120

Case Documents
1 2001-04-05 COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 119945
30 pages
PDF
Total Documents: 1 document , 30 pages
Price: $ 19.95


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1 . COMPLAINT

EXTRACTED KEY WORDS
DEFENDANTS
CLASS PERIOD
STOCK
PLAINTIFF
SECURITY
EXCHANGE ACT
COMMON STOCK
CLASS ACTION
SECURITIES
DAMAGES
CLASS MEMBERS
PRICE
SUFFERED DAMAGES
NOONAN
INTERNET SECURITY SYSTEMS
INDIVIDUAL DEFENDANTS
ARTIFICIALLY HIGH
UNITED STATES
ALLEGATIONS
PROTECTION
FINANCIALS
MISLEADING
EXPECTATIONS
INTRUSION DETECTION
STATES DISTRICT COURT
DISSEMINATION
STRATEGIC ALLIANCES
MANAGEMENT
MISREPRESENTATIONS
                       UNITED STATES DISTRICT COURT
                      NORTHERN DISTRICT OF GEORGIA
                                  ATLANTA DIVISION

______________________________________
                                                       :
MASOOD AMINTINAT, on behalf of                         :
himself and all others similarly situated,             :
                                                       :
                    Plaintiff,                         :      CIVIL ACTION NO.
                                                       :
             v.                                        :
                                                       :
INTERNET SECURITY SYSTEMS, INC.,                       :
RICHARD MACCHIA, CHRISTOPHER                           :
KLAUS, and THOMAS E. NOONAN,                           :
                                                       :
                    Defendants.                        :
______________________________________:

                          CLASS ACTION COMPLAINT

             Plaintiff, by and through counsel, alleges the following on personal

knowledge as to these allegations concerning Plaintiff personally, and as to all other

matters, on investigation of counsel, which included review and analysis of press

releases made by defendant Internet Security Systems (ISS) and other publicly

available information, including, on-line research and a review of the web site of

ISS.



                            NATURE OF THE ACTION

             1.     This is a class action under the Securities Exchange Act of 1934

(the "Exchange Act") on behalf of all persons who purchased or otherwise

acquired the common stock of ISS between April 5, 2001 and July 2, 2001 (the

"class period") and who suffered damages as a result of defendants' fraud (the

"class").

             2.     During the class period, on April 18, 2001, ISS reported its 23rd
SNIPPETS:
  • UNITED STATES DISTRICT COURT
  • Plaintiff, by and through counsel, alleges the following on personal
  • releases made by defendant Internet Security Systems (ISS) and other publicly
  • This is a class action under the Securities Exchange Act of 1934
  • "class period") and who suffered damages as a result of defendants' fraud (the
  • During the class period, on April 18, 2001, ISS reported its 23rd
  • defendants knew they could not achieve these numbers.
  • continue to rely on the expectations published in its earnings release and web site as
  • during the quarter in order to keep the price of the stock artificially high,
  • Noonan sold at least $18 million worth of ISS stock at the inflated prices then in
  • Class members who had bought shares during the class period
  • Plaintiff bought shares of ISS common stock as set forth in the
  • ISS provides security management solutions for the internet,
  • It maintains offices throughout the United States and in Europe,
  • all the above individual defendants were controlling persons of ISS and had
  • misleading information that was publicly available.
  • responsible for the material misrepresentations and the concealment of material
  • enable ISS to consummate strategic alliances with Top Layer Networks,
  • CLASS ACTION ALLEGATIONS
  • Internet Security Systems is involved in every aspect of computer security.
  • generation Intrusion Detection for comprehensive network protection with the latest
  • The consolidated financials for the second quarter which ISS
  • dissemination of information to the investing public which they knew,
  •    |