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CISCO SYSTEMS CLASS ACTION LITIGATION Click to find out why . . .



Keywords & Phrases
CaseNo: CSCAL197025, CourtName: CLASS ACTION CASES, State: CA California, UniqueCaseRef: LCD>CSCAL197025, Cisco, Chambers, Cisco Systems, Sales, Class Period, Revenue, John, Cisco Stock, Carter, Demand, Customers, Growth, Acquisitions, Artificially Inflated Prices, Market, Inventory, Net Income, Securities, Service Providers, Stull, Confidential Cisco Information, Eps, California, Inventories, United States, Technology, Carl Redfield, Senior Vice President-finance, Stock, Violation, Institutional Shareholders Group, Vendor Financing, Lead Plaintiff, Cisco Investors Group, Brody, Analysts, Movants , ContentID: 120249566

Case Documents
1   OPPOSITION TO THE LEAD PLAINTIFF MOTIONS
[ see first page and extracted highlights below  ] ItemID: 122093
15 pages
PDF
2   COMPLAINT B 9
[ see first page and extracted highlights below  ] ItemID: 122088
54 pages
TXT
3   COMPLAINT B 8
[ see first page and extracted highlights below  ] ItemID: 122087
54 pages
TXT
4   COMPLAINT B 7
[ see first page and extracted highlights below  ] ItemID: 122086
54 pages
TXT
5   COMPLAINT B 6
[ see first page and extracted highlights below  ] ItemID: 122085
55 pages
TXT
6   COMPLAINT B 5
[ see first page and extracted highlights below  ] ItemID: 122084
55 pages
TXT
7   COMPLAINT B 4
[ see first page and extracted highlights below  ] ItemID: 122083
54 pages
TXT
8   COMPLAINT B 3
[ see first page and extracted highlights below  ] ItemID: 122082
55 pages
TXT
9   COMPLAINT B 2
[ see first page and extracted highlights below  ] ItemID: 122081
55 pages
TXT
10   COMPLAINT B 1
[ see first page and extracted highlights below  ] ItemID: 122079
41 pages
PDF
11   COMPLAINT A
[ see first page and extracted highlights below  ] ItemID: 122078
55 pages
TXT
12 2001-09-17 NOTICE OF RESCHEDULING OF MOTION FOR APPOINTMENT
[ see first page and extracted highlights below  ] ItemID: 122092
6 pages
PDF
13 2001-09-10 STATEMENT OF NONOPPOSITION TO MOTION TO CONSOLIDATE
[ see first page and extracted highlights below  ] ItemID: 122095
2 pages
PDF
14 2001-09-10 REPLY TO THE LEAD PLAINTIFF OPPOSITIONS
[ see first page and extracted highlights below  ] ItemID: 122094
10 pages
PDF
15 2001-09-10 DECLARATION OF WARREN FERMAGLICH
[ see first page and extracted highlights below  ] ItemID: 122090
3 pages
PDF
16 2001-07-30 MOTION FOR APPOINTMENT
[ see first page and extracted highlights below  ] ItemID: 122091
11 pages
PDF
17 2001-07-30 DECLARATION OF MARK A
[ see first page and extracted highlights below  ] ItemID: 122089
2 pages
PDF
18 2000-05 COMPLAINT B 10
[ see first page and extracted highlights below  ] ItemID: 122080
54 pages
TXT
Total Documents: 18 documents , 635 pages
Price: $ 104.95


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1 . OPPOSITION TO THE LEAD PLAINTIFF MOTIONS

EXTRACTED KEY WORDS
INSTITUTIONAL SHAREHOLDERS GROUP
CISCO INVESTORS GROUP
COUNSEL
BRODY
LEAD PLTF MOTIONS
SUNITA REDDY
BISHOP
RADIANT ADVISORS
LLC
LEAD PLAINTIFF
SUPPORT
PATRICE
THEREOF
OPP
COURT
FERMAGLICH
PROPOSED LEAD
LITIGATION
MPA
APPOINTED LEAD PLAINTIFF
COURT APPROVE
TOTAL RECOVERY
PENSION FUND
PSLRA
LOS ANGELES
WILSHIRE BLVD
REPRESENTING
ATTORNEYS
SECURITIES
 1 STULL, STULL & BRODY
      Michael D. Braun (167416)
 2 Patrice L. Bishop (182256)
      10940 Wilshire Blvd. Suite 2300
 3 Los Angeles, CA 90024
      (310) 209-2468
 4 (310) 209-2087 - fax

 5 Counsel for Movant, Proposed Lead Class Counsel

 6 WEISS & YOURMAN
      Jordan L. Lurie (130013)
 7 Mark A. Gordon (160113)
      10940 Wilshire Blvd., 24th Floor
 8 Los Angeles, CA 90024
      (310) 208-2800
 9 (310) 209-2348 - fax

10 STULL, STULL & BRODY
      Jules Brody
11 Howard T. Longman
      6 East 45th Street
12 New York, NY 10017
      (212) 687-7320
13 (212) 490-2022 - fax

14 Attorneys for Plaintiffs

15                                          UNITED STATES DISTRICT COURT

16                                      NORTHERN DISTRICT OF CALIFORNIA

17                                                      SAN JOSE DIVISION

18

19 PLUMBERS & PIPEFITTERS LOCAL 572                                     ) CASE NO.: CV 01-20418 JW
      PENSION FUND, On Behalf of Itself and All                         )
20 Others Similarly Situated,                                           ) CLASS ACTION
                                                                        )
21                                 Plaintiff,                           ) WARREN FERMAGLICH'S
                                                                        ) OPPOSITION TO THE LEAD
22                       v.                                             ) MOTIONS OF THE CISCO
                                                                        ) GROUP, THE CISCO
23 CISCO SYSTEMS, INC., JOHN T.                                         ) SHAREHOLDERS GROUP,
      CHAMBERS, LARRY R. CARTER, GARY J. ) ADVISORS, LLC, AND SUNITA REDDY;
24 DAICHENDT, JUDITH L. ESTRIN, CHARLES ) MEMORANDUM OF POINTS AND
      H. GIANCARLO, MARIO MAZZOLA, CARL ) AUTHORITIES IN SUPPORT THEREOF;
25 REDFIELD, MICHELANGELO VOLPI,                                        ) DECLARATION OF PATRICE L.
SNIPPETS:
  • STULL, STULL & BRODY
  • Patrice L. Bishop
  • Los Angeles, CA 90024
  • Counsel for Movant, Proposed Lead Class Counsel
  • 10940 Wilshire Blvd., 24th Floor
  • WARREN FERMAGLICH'S OPP.
  • TO THE LEAD PLTF MOTIONS OF THE CISCO INVESTORS GROUP, THE CISCO INSTITUTIONAL SHAREHOLDERS
  • OF PATRICE L. BISHOP
  • Investors Group,2 the Cisco Institutional Shareholders Group,3 Radiant Advisors, LLC,4 and
  • Reddy,5 and their requests for approval of their attorneys of record as lead counsel for this
  • Mr. Fermaglich requests the Court appoint him lead counsel on behalf of himself, his wife,
  • Class, and requests the Court approve Stull, Stull & Brody as lead counsel.
  • 12 the dictates of the PSLRA, Mr. Fermaglich should be appointed lead plaintiff.
  • 21 Southeast and Southwest Areas Pension Fund, the Plumbers & Pipefitters National Pension
  • appointment would ensure the smooth governance of the action and compliance with the PSLRA.
  • 12 largest personal interest in this litigation, the Court should appoint Mr. Fermaglich as
  • 26 Pursuant to Section 21d of the Securities Exchange Act of 1934; to Approve Lead
  • 19 class that the court determines to be the most capable of adequately representing the
  • 17 request the Court approve a fee that is no more than 15% of the Class's total recovery.

  • 2 . COMPLAINT B 9

    EXTRACTED KEY WORDS
    CHAMBERS
    CISCO SYSTEMS
    DEFENDANT
    SALES
    CLASS PERIOD
    JOHN
    REVENUE
    CISCO STOCK
    DEMAND
    CARTER
    ACQUISITIONS
    GROWTH
    CUSTOMERS
    MARKET
    INVENTORY
    ARTIFICIALLY INFLATED PRICES
    NET INCOME
    SECURITIES
    SERVICE PROVIDERS
    EPS
    CONFIDENTIAL CISCO INFORMATION
    CALIFORNIA
    UNITED STATES
    INVENTORIES
    VENDOR FINANCING
    TECHNOLOGY
    CARL REDFIELD
    SENIOR VICE PRESIDENT-FINANCE
    SUBSTANTIAL TECHNICAL DEFECTS
    
    
    
       MILBERG WEISS BERSHAD
       HYNES & LERACH LLP
       WILLIAM S. LERACH (68581)
       DARREN J. ROBBINS (168593)
       SPENCER A. BURKHOLZ (147029)
       DANIEL S. DROSMAN (200643)
       FREDERICK B. BURNSIDE (211089)
       600 West Broadway, Suite 1800
       San Diego, CA 92101
       Telephone: 619/231-1058
       619/231-7423 (fax)
    
       SPECTER SPECTER EVANS
       & MANOGUE, P.C.
       JOHN C. EVANS
       Koppers Building, 26th Floor
       436 7th Avenue
       Pittsburgh, PA 15219-1818
       Telephone: 412/642-2300
       412/642-2309 (fax)
    
       Attorneys for Plaintiff
    
                            UNITED STATES DISTRICT COURT
    
                          NORTHERN DISTRICT OF CALIFORNIA
    
    
    
       MICHAEL F. CAMPANELLA, On Behalf
       of Himself and All Others Similarly Situated,
    
                               Plaintiff,
    
           vs.
    
       CISCO SYSTEMS, INC., JOHN T.
       CHAMBERS, LARRY R. CARTER, GARY J.
       DAICHENDT, JUDITH L. ESTRIN,
       CHARLES H. GIANCARLO, MARIO
       MAZZOLA, CARL REDFIELD,
       MICHELANGELO VOLPI, CAROL A.
       BARTZ, JAMES F. GIBBONS, STEVEN M.
       WEST, EDWARD R. KOZEL and
       ROBERT L. PUETTE,
    
    
    SNIPPETS:
  • P.C. JOHN C. EVANS
  • COMPLAINT FOR VIOLATION OF THE FEDERAL SECURITIES LAWS
  • DEMAND FOR JURY TRIAL
  • This is a securities fraud class action on behalf of persons who purchased Cisco Systems,
  • By the beginning of the Class Period in 8/99, Internet Service Providers and competitive
  • Through this manipulation and the shipment of defective or incomplete products, as well as
  • The inflation in Cisco's stock price was essential to its main corporate strategy - that of
  • In addition, each of the defendants had the motive and the opportunity to perpetrate the
  • Defendants' misconduct has wiped out over $400 billion in market capitalization as Cisco
  • Defendant Cisco maintains its headquarters at San Jose, California.
  • Defendant John T. Chambers was, during the Class Period, President, Chief Executive Officer,
  • During the Class Period, while in possession of confidential Cisco information, Chambers sold
  • Defendant Larry R. Carter was, during the Class Period, Senior Vice President-Finance and
  • During the Class Period, while in possession of confidential Cisco information, Carter sold
  • Defendant Carl Redfield was, during the Class Period, Senior Vice President-Manufacturing and
  • Carter was at all relevant times Senior Vice President-Finance and Administration, Chief
  • management of the Company knew that much of Cisco's sales growth was being generated by
  • The financial reporting system is so efficient that Cisco, in essence, is able to close its
  • Cisco's top executives received daily reports on product sales and product inventories that
  • In addition to depriving Cisco of revenue needed to meet its revenue and EPS forecasts and
  • Cisco was artificially inflating its reported revenues, net income and EPS through a variety
  • Cisco was recording revenue on the sale of products to indirect customers where it had loaned
  • Cisco's summa switch had substantial technical defects and quality problems which were
  • Many of Cisco's acquisitions were extremely disappointing, as products acquired were not yet
  • Cisco's stock plunged on these revelations - falling from $36-3/16 to $29-7/8, a 17% drop on

  • 3 . COMPLAINT B 8

    EXTRACTED KEY WORDS
    CHAMBERS
    CISCO SYSTEMS
    DEFENDANT
    SALES
    CLASS PERIOD
    REVENUE
    JOHN
    CISCO STOCK
    DEMAND
    CARTER
    ACQUISITIONS
    GROWTH
    CUSTOMERS
    MARKET
    INVENTORY
    ARTIFICIALLY INFLATED PRICES
    NET INCOME
    SECURITIES
    SERVICE PROVIDERS
    EPS
    CONFIDENTIAL CISCO INFORMATION
    CALIFORNIA
    UNITED STATES
    INVENTORIES
    VENDOR FINANCING
    TECHNOLOGY
    CARL REDFIELD
    SENIOR VICE PRESIDENT-FINANCE
    SUBSTANTIAL TECHNICAL DEFECTS
    
    
    
       MILBERG WEISS BERSHAD
       HYNES & LERACH LLP
       WILLIAM S. LERACH (68581)
       DARREN J. ROBBINS (168593)
       SPENCER A. BURKHOLZ (147029)
       DANIEL S. DROSMAN (200643)
       FREDERICK B. BURNSIDE (211089)
       600 West Broadway, Suite 1800
       San Diego, CA 92101
       Telephone: 619/231-1058
       619/231-7423 (fax)
    
       SAVETT FRUTKIN PODELL &
       RYAN, P.C.
       STUART H. SAVETT
       325 Chestnut Street, Suite 700
       Philadelphia, PA 19106
       Telephone: 215/923-5400
       215/923-9353 (fax)
    
       LAW OFFICES OF RICHARD
       APPLEBY
       RICHARD APPLEBY
       42 Broadway, 19th Floor
       New York, NY 10004
       Telephone: 212/344-1800
       212/809-6174 (fax)
    
       Attorneys for Plaintiff
    
    
                            UNITED STATES DISTRICT COURT
    
                          NORTHERN DISTRICT OF CALIFORNIA
    
    
    
       STANLEY MAURER, On Behalf of
       Himself and All Others Similarly Situated,
    
                               Plaintiff,
    
           vs.
    
       CISCO SYSTEMS, INC., JOHN T.
       CHAMBERS, LARRY R. CARTER, GARY J.
    
    SNIPPETS:
  • COMPLAINT FOR VIOLATION OF THE FEDERAL SECURITIES LAWS
  • DEMAND FOR JURY TRIAL
  • This is a securities fraud class action on behalf of persons who purchased Cisco Systems,
  • By the beginning of the Class Period in 8/99, Internet Service Providers and competitive
  • Through this manipulation and the shipment of defective or incomplete products, as well as
  • The inflation in Cisco's stock price was essential to its main corporate strategy - that of
  • In addition, each of the defendants had the motive and the opportunity to perpetrate the
  • Defendants' misconduct has wiped out over $400 billion in market capitalization as Cisco
  • Defendant Cisco maintains its headquarters at San Jose, California.
  • Defendant John T. Chambers was, during the Class Period, President, Chief Executive Officer,
  • During the Class Period, while in possession of confidential Cisco information, Chambers sold
  • Defendant Larry R. Carter was, during the Class Period, Senior Vice President-Finance and
  • During the Class Period, while in possession of confidential Cisco information, Carter sold
  • Defendant Carl Redfield was, during the Class Period, Senior Vice President-Manufacturing and
  • Carter was at all relevant times Senior Vice President-Finance and Administration, Chief
  • management of the Company knew that much of Cisco's sales growth was being generated by
  • The financial reporting system is so efficient that Cisco, in essence, is able to close its
  • Cisco's top executives received daily reports on product sales and product inventories that
  • In addition to depriving Cisco of revenue needed to meet its revenue and EPS forecasts and
  • Cisco was artificially inflating its reported revenues, net income and EPS through a variety
  • Cisco was recording revenue on the sale of products to indirect customers where it had loaned
  • Cisco's summa switch had substantial technical defects and quality problems which were
  • Many of Cisco's acquisitions were extremely disappointing, as products acquired were not yet
  • Cisco's stock plunged on these revelations - falling from $36-3/16 to $29-7/8, a 17% drop on

  • 4 . COMPLAINT B 7

    EXTRACTED KEY WORDS
    CHAMBERS
    CISCO SYSTEMS
    DEFENDANT
    SALES
    CLASS PERIOD
    REVENUE
    CISCO STOCK
    JOHN
    DEMAND
    CARTER
    ACQUISITIONS
    GROWTH
    CUSTOMERS
    MARKET
    INVENTORY
    ARTIFICIALLY INFLATED PRICES
    NET INCOME
    SECURITIES
    SERVICE PROVIDERS
    EPS
    CONFIDENTIAL CISCO INFORMATION
    CALIFORNIA
    UNITED STATES
    INVENTORIES
    VENDOR FINANCING
    TECHNOLOGY
    CARL REDFIELD
    SENIOR VICE PRESIDENT-FINANCE
    SUBSTANTIAL TECHNICAL DEFECTS
    
    
    
       MILBERG WEISS BERSHAD
       HYNES & LERACH LLP
       WILLIAM S. LERACH (68581)
       DARREN J. ROBBINS (168593)
       SPENCER A. BURKHOLZ (147029)
       FREDERICK B. BURNSIDE (211089)
       600 West Broadway, Suite 1800
       San Diego, CA 92101
       Telephone: 619/231-1058
       619/231-7423 (fax)
    
       LAW OFFICES OF MARC S. HENZEL
       MARC S. HENZEL
       210 West Washington Square
       Third Floor
       Philadelphia, PA 19106-3503
       Telephone: 215/625-9999
       215/440-9475 (fax)
    
       LAW OFFICES OF BERNARD M.
       GROSS, P.C.
       DEBORAH R. GROSS
       1500 Walnut Street, Sixth Floor
       Philadelphia, PA 19102
       Telephone: 215/561-3600
       215/561-3000 (fax)
    
       Attorneys for Plaintiffs
    
                            UNITED STATES DISTRICT COURT
    
                          NORTHERN DISTRICT OF CALIFORNIA
    
    
    
       IRIS HSU and BURT ROSEN, On Behalf
       of Themselves and All Others Similarly
       Situated,
    
                               Plaintiffs,
    
           vs.
    
       CISCO SYSTEMS, INC., JOHN T.
       CHAMBERS, LARRY R. CARTER, GARY
       J. DAICHENDT, JUDITH L. ESTRIN,
    
    SNIPPETS:
  • COMPLAINT FOR VIOLATION OF THE FEDERAL SECURITIES LAWS
  • DEMAND FOR JURY TRIAL
  • This is a securities fraud class action on behalf of persons who purchased Cisco Systems,
  • By the beginning of the Class Period in 8/99, Internet Service Providers and competitive
  • Through this manipulation and the shipment of defective or incomplete products, as well as
  • The inflation in Cisco's stock price was essential to its main corporate strategy - that of
  • In addition, each of the defendants had the motive and the opportunity to perpetrate the
  • Defendants' misconduct has wiped out over $400 billion in market capitalization as Cisco
  • Defendant Cisco maintains its headquarters at San Jose, California.
  • Defendant John T. Chambers was, during the Class Period, President, Chief Executive Officer,
  • During the Class Period, while in possession of confidential Cisco information, Chambers sold
  • Defendant Larry R. Carter was, during the Class Period, Senior Vice President-Finance and
  • During the Class Period, while in possession of confidential Cisco information, Carter sold
  • Defendant Carl Redfield was, during the Class Period, Senior Vice President-Manufacturing and
  • Carter was at all relevant times Senior Vice President-Finance and Administration, Chief
  • management of the Company knew that much of Cisco's sales growth was being generated by
  • The financial reporting system is so efficient that Cisco, in essence, is able to close its
  • Cisco's top executives received daily reports on product sales and product inventories that
  • In addition to depriving Cisco of revenue needed to meet its revenue and EPS forecasts and
  • Cisco was artificially inflating its reported revenues, net income and EPS through a variety
  • Cisco was recording revenue on the sale of products to indirect customers where it had loaned
  • Cisco's summa switch had substantial technical defects and quality problems which were
  • Many of Cisco's acquisitions were extremely disappointing, as products acquired were not yet
  • Cisco's stock plunged on these revelations - falling from $36-3/16 to $29-7/8, a 17% drop on

  • 5 . COMPLAINT B 6

    EXTRACTED KEY WORDS
    CHAMBERS
    CISCO SYSTEMS
    DEFENDANT
    SALES
    CLASS PERIOD
    REVENUE
    JOHN
    CISCO STOCK
    DEMAND
    CARTER
    ACQUISITIONS
    GROWTH
    CUSTOMERS
    MARKET
    INVENTORY
    ARTIFICIALLY INFLATED PRICES
    NET INCOME
    SECURITIES
    SERVICE PROVIDERS
    EPS
    CONFIDENTIAL CISCO INFORMATION
    CALIFORNIA
    UNITED STATES
    INVENTORIES
    VENDOR FINANCING
    TECHNOLOGY
    CARL REDFIELD
    SENIOR VICE PRESIDENT-FINANCE
    SUBSTANTIAL TECHNICAL DEFECTS
    
    
    
       MILBERG WEISS BERSHAD
       HYNES & LERACH LLP
       WILLIAM S. LERACH (68581)
       DARREN J. ROBBINS (168593)
       SPENCER A. BURKHOLZ (147029)
       FREDERICK B. BURNSIDE (211089)
       600 West Broadway, Suite 1800
       San Diego, CA 92101
       Telephone: 619/231-1058
       619/231-7423 (fax)
           - and -
       REED R. KATHREIN (139304)
       100 Pine Street, Suite 2600
       San Francisco, CA 94111
       Telephone: 415/288-4545
       415/288-4534 (fax)
    
       LAW OFFICES OF BRIAN M. FELGOISE
       BRIAN M. FELGOISE
       230 South Broad Street, Suite 404
       Philadelphia, PA 19102
       Telephone: 215/735-6810
       215/735-5185 (fax)
    
       Attorneys for Plaintiff
    
       (Additional counsel appear on signature page.)
    
    
                            UNITED STATES DISTRICT COURT
    
                          NORTHERN DISTRICT OF CALIFORNIA
    
    
    
    
       VALERIE KOFSKY, On Behalf of Herself
       and All Others Similarly Situated,
    
                               Plaintiff,
    
           vs.
    
       CISCO SYSTEMS, INC., JOHN T.
       CHAMBERS, LARRY R. CARTER, GARY
       J. DAICHENDT, JUDITH L. ESTRIN,
    
    SNIPPETS:
  • COMPLAINT FOR VIOLATION OF THE FEDERAL SECURITIES LAWS
  • DEMAND FOR JURY TRIAL
  • This is a securities fraud class action on behalf of persons who purchased Cisco Systems,
  • By the beginning of the Class Period in 8/99, Internet Service Providers and competitive
  • Through this manipulation and the shipment of defective or incomplete products, as well as
  • The inflation in Cisco's stock price was essential to its main corporate strategy - that of
  • In addition, each of the defendants had the motive and the opportunity to perpetrate the
  • Defendants' misconduct has wiped out over $400 billion in market capitalization as Cisco
  • Defendant Cisco maintains its headquarters at San Jose, California.
  • Defendant John T. Chambers was, during the Class Period, President, Chief Executive Officer,
  • During the Class Period, while in possession of confidential Cisco information, Chambers sold
  • Defendant Larry R. Carter was, during the Class Period, Senior Vice President-Finance and
  • During the Class Period, while in possession of confidential Cisco information, Carter sold
  • Defendant Carl Redfield was, during the Class Period, Senior Vice President-Manufacturing and
  • Carter was at all relevant times Senior Vice President-Finance and Administration, Chief
  • management of the Company knew that much of Cisco's sales growth was being generated by
  • The financial reporting system is so efficient that Cisco, in essence, is able to close its
  • Cisco's top executives received daily reports on product sales and product inventories that
  • In addition to depriving Cisco of revenue needed to meet its revenue and EPS forecasts and
  • Cisco was artificially inflating its reported revenues, net income and EPS through a variety
  • Cisco was recording revenue on the sale of products to indirect customers where it had loaned
  • Cisco's summa switch had substantial technical defects and quality problems which were
  • Many of Cisco's acquisitions were extremely disappointing, as products acquired were not yet
  • Cisco's stock plunged on these revelations - falling from $36-3/16 to $29-7/8, a 17% drop on

  • 6 . COMPLAINT B 5

    EXTRACTED KEY WORDS
    CHAMBERS
    CISCO SYSTEMS
    DEFENDANT
    SALES
    CLASS PERIOD
    REVENUE
    CISCO STOCK
    JOHN
    CARTER
    ACQUISITIONS
    GROWTH
    CUSTOMERS
    MARKET
    INVENTORY
    VIOLATION
    ARTIFICIALLY INFLATED PRICES
    NET INCOME
    SERVICE PROVIDERS
    EPS
    CONFIDENTIAL CISCO INFORMATION
    CALIFORNIA
    UNITED STATES
    INVENTORIES
    VENDOR FINANCING
    TECHNOLOGY
    CARL REDFIELD
    SENIOR VICE PRESIDENT-FINANCE
    SUBSTANTIAL TECHNICAL DEFECTS
    POSSESSION
    
    
    
       MILBERG WEISS BERSHAD
       HYNES & LERACH LLP
       WILLIAM S. LERACH (68581)
       DARREN J. ROBBINS (168593)
       SPENCER A. BURKHOLZ (147029)
       FREDERICK B. BURNSIDE (211089)
       600 West Broadway, Suite 1800
       San Diego, CA 92101
       Telephone: 619/231-1058
       619/231-7423 (fax)
           - and -
       REED R. KATHREIN (139304)
       100 Pine Street, Suite 2600
       San Francisco, CA 94111
       Telephone: 415/288-4545
       415/288-4534 (fax)
    
       FRUCHTER & TWERSKY
       JACK G. FRUCHTER
       60 East 42nd Street, 47th Floor
       New York, NY 10165
       Telephone: 212/687-6655
       212/557-6151 (fax)
    
       LAW OFFICES OF BRUCE G. MURPHY
       BRUCE G. MURPHY
       265 Llwyds Lane
       Vero Beach, FL 32963
       Telephone: 561/231-4202
       561/231-4042 (fax)
    
        Attorneys for Plaintiffs
    
    
                            UNITED STATES DISTRICT COURT
    
                          NORTHERN DISTRICT OF CALIFORNIA
    
    
    
       HARRIET SCHNEIER, IRA and ANDREW
       MURRAY, On Behalf of Themselves and
       All Others Similarly Situated,
    
                               Plaintiffs,
    
    
    SNIPPETS:
  • This is a securities fraud class action on behalf of persons who purchased Cisco Systems,
  • By the beginning of the Class Period in 8/99, Internet Service Providers and competitive
  • Through this manipulation and the shipment of defective or incomplete products, as well as
  • The inflation in Cisco's stock price was essential to its main corporate strategy - that of
  • In addition, each of the defendants had the motive and the opportunity to perpetrate the
  • Defendants' misconduct has wiped out over $400 billion in market capitalization as Cisco
  • Defendant Cisco maintains its headquarters at San Jose, California.
  • Defendant John T. Chambers was, during the Class Period, President, Chief Executive Officer,
  • During the Class Period, while in possession of confidential Cisco information, Chambers sold
  • Defendant Larry R. Carter was, during the Class Period, Senior Vice President-Finance and
  • During the Class Period, while in possession of confidential Cisco information, Carter sold
  • Defendant Carl Redfield was, during the Class Period, Senior Vice President-Manufacturing and
  • Carter was at all relevant times Senior Vice President-Finance and Administration, Chief
  • management of the Company knew that much of Cisco's sales growth was being generated by
  • The financial reporting system is so efficient that Cisco, in essence, is able to close its
  • Cisco's top executives received daily reports on product sales and product inventories that
  • In addition to depriving Cisco of revenue needed to meet its revenue and EPS forecasts and
  • Cisco was artificially inflating its reported revenues, net income and EPS through a variety
  • Cisco was recording revenue on the sale of products to indirect customers where it had loaned
  • Cisco's summa switch had substantial technical defects and quality problems which were
  • Many of Cisco's acquisitions were extremely disappointing, as products acquired were not yet
  • Cisco had accumulated hundreds of millions of dollars worth of overvalued and excess
  • Cisco's stock plunged on these revelations - falling from $36-3/16 to $29-7/8, a 17% drop on

  • 7 . COMPLAINT B 4

    EXTRACTED KEY WORDS
    CHAMBERS
    CISCO SYSTEMS
    DEFENDANT
    SALES
    CLASS PERIOD
    REVENUE
    JOHN
    CISCO STOCK
    DEMAND
    CARTER
    ACQUISITIONS
    GROWTH
    CUSTOMERS
    MARKET
    INVENTORY
    ARTIFICIALLY INFLATED PRICES
    NET INCOME
    SECURITIES
    SERVICE PROVIDERS
    EPS
    CONFIDENTIAL CISCO INFORMATION
    CALIFORNIA
    UNITED STATES
    INVENTORIES
    VENDOR FINANCING
    TECHNOLOGY
    CARL REDFIELD
    SENIOR VICE PRESIDENT-FINANCE
    SUBSTANTIAL TECHNICAL DEFECTS
    
    
    
       MILBERG WEISS BERSHAD
       HYNES & LERACH LLP
       WILLIAM S. LERACH (68581)
       DARREN J. ROBBINS (168593)
       SPENCER A. BURKHOLZ (147029)
       FREDERICK B. BURNSIDE (211089)
       600 West Broadway, Suite 1800
       San Diego, CA 92101
       Telephone: 619/231-1058
       619/231-7423 (fax)
           - and -
       MICHAEL R.R. REESE (206773)
       100 Pine Street, Suite 2600
       San Francisco, CA 94111
       Telephone: 415/288-4545
       415/288-4534 (fax)
    
       SCOTT & SCOTT, LLC
       DAVID R. SCOTT
       JAMES E. MILLER
       108 Norwich Avenue
       Colchester, CT 06415
       Telephone: 860/537-3818
       860/537-4432 (fax)
    
       Attorneys for Plaintiff
    
    
                            UNITED STATES DISTRICT COURT
    
                          NORTHERN DISTRICT OF CALIFORNIA
    
    
    
       JOSEPH CARESIO, On Behalf of Himself
       and All Others Similarly Situated,
    
                               Plaintiff,
    
           vs.
    
       CISCO SYSTEMS, INC., JOHN T.
       CHAMBERS, LARRY R. CARTER, GARY
       J. DAICHENDT, JUDITH L. ESTRIN,
       CHARLES H. GIANCARLO, MARIO
       MAZZOLA, CARL REDFIELD,
    
    SNIPPETS:
  • COMPLAINT FOR VIOLATION OF THE FEDERAL SECURITIES LAWS
  • DEMAND FOR JURY TRIAL
  • This is a securities fraud class action on behalf of persons who purchased Cisco Systems,
  • By the beginning of the Class Period in 8/99, Internet Service Providers and competitive
  • Through this manipulation and the shipment of defective or incomplete products, as well as
  • The inflation in Cisco's stock price was essential to its main corporate strategy - that of
  • In addition, each of the defendants had the motive and the opportunity to perpetrate the
  • Defendants' misconduct has wiped out over $400 billion in market capitalization as Cisco
  • Defendant Cisco maintains its headquarters at San Jose, California.
  • Defendant John T. Chambers was, during the Class Period, President, Chief Executive Officer,
  • During the Class Period, while in possession of confidential Cisco information, Chambers sold
  • Defendant Larry R. Carter was, during the Class Period, Senior Vice President-Finance and
  • During the Class Period, while in possession of confidential Cisco information, Carter sold
  • Defendant Carl Redfield was, during the Class Period, Senior Vice President-Manufacturing and
  • Carter was at all relevant times Senior Vice President-Finance and Administration, Chief
  • management of the Company knew that much of Cisco's sales growth was being generated by
  • The financial reporting system is so efficient that Cisco, in essence, is able to close its
  • Cisco's top executives received daily reports on product sales and product inventories that
  • In addition to depriving Cisco of revenue needed to meet its revenue and EPS forecasts and
  • Cisco was artificially inflating its reported revenues, net income and EPS through a variety
  • Cisco was recording revenue on the sale of products to indirect customers where it had loaned
  • Cisco's summa switch had substantial technical defects and quality problems which were
  • Many of Cisco's acquisitions were extremely disappointing, as products acquired were not yet
  • Cisco's stock plunged on these revelations - falling from $36-3/16 to $29-7/8, a 17% drop on

  • 8 . COMPLAINT B 3

    EXTRACTED KEY WORDS
    CHAMBERS
    CISCO SYSTEMS
    SALES
    CLASS PERIOD
    REVENUE
    JOHN
    CISCO STOCK
    CARTER
    ACQUISITIONS
    CUSTOMERS
    GROWTH
    ANALYSTS
    MARKET
    SHARES
    INVENTORY
    ARTIFICIALLY INFLATED PRICES
    EXECUTIVES
    NET INCOME
    EPS
    SERVICE PROVIDERS
    CALIFORNIA
    PLAINTIFFS
    CONFIDENTIAL CISCO INFORMATION
    INVENTORIES
    TECHNOLOGY
    CARL REDFIELD
    UNITED STATES
    SENIOR VICE PRESIDENT-FINANCE
    SUCCESSFUL
    
    
    
       MILBERG WEISS BERSHAD
       HYNES & LERACH LLP
       WILLIAM S. LERACH (68581)
       DARREN J. ROBBINS (168593)
       SPENCER A. BURKHOLZ (147029)
       FREDERICK B. BURNSIDE (211089)
       600 West Broadway, Suite 1800
       San Diego, CA 92101
       Telephone: 619/231-1058
       619/231-7423 (fax)
           - and -
       MICHAEL R.R. REESE (206773)
       100 Pine Street, Suite 2600
       San Francisco, CA 94111
       Telephone: 415/288-4545
       415/288-4534 (fax)
    
       SCHIFFRIN & BARROWAY, LLP
       MARC A. TOPAZ
       Three Bala Plaza East, Suite 400
       Bala Cynwyd, PA 19004
       Telephone: 610/667-7706
       610/667-7056 (fax)
    
       WECHSLER HARWOOD HALEBIAN
       & FEFFER LLP
       JOHN HALEBIAN
       488 Madison Avenue, 8th Floor
       New York, NY 10022
       Telephone: 212/935-7400
       212/753-3630 (fax)
    
       BERNSTEIN LIEBHARD & LIFSHITZ, LLP
       MICHAEL S. EGAN
       10 East 40th Street
       New York, NY 10016
       Telephone: 212/779-1414
       212/779-3218 (fax)
    
        Attorneys for Plaintiffs
    
    
                            UNITED STATES DISTRICT COURT
    
                          NORTHERN DISTRICT OF CALIFORNIA
    
    
    SNIPPETS:
  • WECHSLER HARWOOD HALEBIAN & FEFFER LLP JOHN HALEBIAN
  • Attorneys for Plaintiffs
  • This is a securities fraud class action on behalf of persons who purchased Cisco Systems,
  • By the beginning of the Class Period in 8/99, Internet Service Providers and competitive
  • Through this manipulation and the shipment of defective or incomplete products, as well as
  • The inflation in Cisco's stock price was essential to its main corporate strategy - that of
  • In addition, each of the defendants had the motive and the opportunity to perpetrate the
  • Defendants' misconduct has wiped out over $400 billion in market capitalization as Cisco
  • Defendant Cisco maintains its headquarters at San Jose, California.
  • Defendant John T. Chambers was, during the Class Period, President, Chief Executive Officer,
  • During the Class Period, while in possession of confidential Cisco information, Chambers sold
  • Defendant Larry R. Carter was, during the Class Period, Senior Vice President-Finance and
  • During the Class Period, while in possession of confidential Cisco information, Carter sold
  • Defendant Carl Redfield was, during the Class Period, Senior Vice President-Manufacturing and
  • Cisco's Senior Executives
  • Carter was at all relevant times Senior Vice President-Finance and Administration, Chief
  • The financial reporting system is so efficient that Cisco, in essence, is able to close its
  • Cisco's top executives received daily reports on product sales and product inventories that
  • Earlier in F00, in an effort to assure itself of a sufficient quantity of component parts to
  • In addition to depriving Cisco of revenue needed to meet its revenue and EPS forecasts and
  • Cisco was artificially inflating its reported revenues, net income and EPS through a variety
  • Cisco was recording revenue on the sale of products to indirect customers where it had loaned
  • Many of Cisco's acquisitions were extremely disappointing, as products acquired were not yet
  • This was often commented upon by defendants and analysts following Cisco.
  • Cisco's stock plunged on these revelations - falling from $36-3/16 to $29-7/8, a 17% drop on

  • 9 . COMPLAINT B 2

    EXTRACTED KEY WORDS
    CHAMBERS
    CISCO SYSTEMS
    DEFENDANT
    SALES
    CLASS PERIOD
    REVENUE
    CISCO STOCK
    JOHN
    DEMAND
    CARTER
    ACQUISITIONS
    VIOLATION
    CUSTOMERS
    GROWTH
    ANALYSTS
    ARTIFICIALLY INFLATED PRICES
    EXECUTIVES
    NET INCOME
    SECURITIES
    EPS
    SERVICE PROVIDERS
    CALIFORNIA
    CONFIDENTIAL CISCO INFORMATION
    INVENTORIES
    TECHNOLOGY
    CARL REDFIELD
    UNITED STATES
    SENIOR VICE PRESIDENT-FINANCE
    SUCCESSFUL
    
    
    
       MILBERG WEISS BERSHAD
       HYNES & LERACH LLP
       WILLIAM S. LERACH (68581)
       DARREN J. ROBBINS (168593)
       SPENCER A. BURKHOLZ (147029)
       FREDERICK B. BURNSIDE (211089)
       600 West Broadway, Suite 1800
       San Diego, CA 92101
       Telephone: 619/231-1058
       619/231-7423 (fax)
           - and -
       MICHAEL R.R. REESE (206773)
       100 Pine Street, Suite 2600
       San Francisco, CA 94111
       Telephone: 415/288-4545
       415/288-4534 (fax)
    
       Attorneys for Plaintiff
    
       (Additional counsel appear on signature page.)
    
    
                            UNITED STATES DISTRICT COURT
    
                          NORTHERN DISTRICT OF CALIFORNIA
    
    
    
       PIRELLI ARMSTRONG TIRE
       CORPORATION RETIREE MEDICAL
       BENEFITS TRUST, On Behalf of Itself
       and All Others Similarly Situated,
    
                               Plaintiff,
    
           vs.
    
       CISCO SYSTEMS, INC., JOHN T.
       CHAMBERS, LARRY R. CARTER, GARY
       J. DAICHENDT, JUDITH L. ESPRIN,
       CHARLES H. GIANCARLO, MARIO
       MAZZOLA, CARL REDFIELD,
       MICHELANGELO VOLPI, CAROL A.
       BARTZ, JAMES F. GIBBONS, STEVEN M.
       WEST, EDWARD R. KOZEL and ROBERT
       L. PUETTE,
    
    SNIPPETS:
  • COMPLAINT FOR VIOLATIONS OF THE FEDERAL SECURITIES LAWS
  • DEMAND FOR JURY TRIAL
  • This is a securities fraud class action on behalf of persons who purchased Cisco Systems,
  • By the beginning of the Class Period in 8/99, Internet Service Providers and competitive
  • The inflation in Cisco's stock price was essential to its main corporate strategy - that of
  • Defendants' misconduct has wiped out over $400 billion in market capitalization as Cisco
  • Defendant Cisco maintains its headquarters at San Jose, California.
  • Defendant John T. Chambers was, during the Class Period, President, Chief Executive Officer,
  • During the Class Period, while in possession of confidential Cisco information, Chambers sold
  • Defendant Larry R. Carter was, during the Class Period, Senior Vice President-Finance and
  • During the Class Period, while in possession of confidential Cisco information, Carter sold
  • Defendant Carl Redfield was, during the Class Period, Senior Vice President-Manufacturing and
  • Cisco's Senior Executives
  • Carter was at all relevant times Senior Vice President-Finance and Administration, Chief
  • The financial reporting system is so efficient that Cisco, in essence, is able to close its
  • Cisco's top executives received daily reports on product sales and product inventories that
  • Earlier in F00, in an effort to assure itself of a sufficient quantity of component parts to
  • In addition to depriving Cisco of revenue needed to meet its revenue and EPS forecasts and
  • Cisco was artificially inflating its reported revenues, net income and EPS through a variety
  • Cisco was recording revenue on the sale of products to indirect customers where it had loaned
  • Many of Cisco's acquisitions were extremely disappointing, as products acquired were not yet
  • Cisco had accumulated hundreds of millions of dollars worth of overvalued and excess
  • This was often commented upon by defendants and analysts following Cisco.
  • Cisco's stock plunged on these revelations - falling from $36-3/16 to $29-7/8, a 17% drop on

  • 10 . COMPLAINT B 1

    EXTRACTED KEY WORDS
    STOCK
    CHAMBERS
    SALES
    CUSTOMERS
    ARTIFICIALLY INFLATED PRICES
    REVENUE
    SHARES
    VIOLATION
    INVENTORY
    MARKET
    CARTER
    PURCHASE
    GROWTH
    CONFIDENTIAL CISCO INFORMATION
    BUSINESS
    ACQUISITION
    EXECUTIVES
    POSSESSION
    SERVICE PROVIDERS
    COMMON STOCK
    STULL
    INVENTORIES
    INCOMPLETE PRODUCTS
    DEFECTIVE SUMMA SWITCHES
    SUBSTANTIAL REMEDIAL WORK
    SUCCESSFUL
    DISTRIBUTOR
    EPS
    FEDERAL SECURITIES LAWS
    
     1 WEISS & YOURMAN
          KEVIN J. YOURMAN (147159)
     2 MARK A. GORDON (160113)
          10940 Wilshire Blvd., 24th Floor
     3 Los Angeles, CA 90024
          (310) 208-2800
     4 (310) 209-2348 - fax
     5 STULL, STULL & BRODY
          MICHAEL D. BRAUN (167416)
     6 PATRICE L. BISHOP (182256)
          10940 Wilshire Blvd. Suite 2300
     7 Los Angeles, CA 90024
          (310) 209-2468
     8 (310) 209-2087 - fax
     9 STULL, STULL & BRODY
          JULES BRODY
    10 6 East 45th Street
          New York, NY 10017
    11 (212) 687-7320
          (212) 490-2022 - fax
    12 Counsel for Plaintiffs
    13
    14
    15                                 UNITED STATES DISTRICT COURT
    16                              NORTHERN DISTRICT OF CALIFORNIA
    17 ROSLIND J. WALANKA, as trustee for the ) No.:
    18 Roslind J. Walanka Trust Account, On Behalf of )
          Herself and All Others Similarly Situated,    ) CLASS ACTION
    19                                                  )
                                       Plaintiffs,      ) COMPLAINT FOR VIOLATIONS OF
    20                                                  ) THE FEDERAL SECURITIES LAWS
                 vs.                                    )
    21                                                  )
          CISCO SYSTEMS, INC., JOHN T.                  )
    22 CHAMBERS, LARRY R. CARTER, GARY J. )
          DAICHENDT, JUDITH L. ESTRIN,                  )
    23 CHARLES H. GIANCARLO, MARIO                      )
          MAZZOLA, CARL REDFIELD,                       ) DEMAND FOR JURY TRIAL
    24 MICHELANGELO VOLPI, CAROL A.                     )
          BARTZ, JAMES F. GIBBONS, STEVEN M.            )
    25 WEST, EDWARD R. KOZEL and ROBERT L. )
          PUETTE,                                       )
    26                                                  )
                                       Defendants.      )
    27                                                  )
    28
    
    
          COMPLAINT FOR VIOLATIONS OF THE FEDERAL SECURITIES LAWS
    
    SNIPPETS:
  • STULL, STULL & BRODY MICHAEL D. BRAUN
  • 22 CHAMBERS, LARRY R. CARTER, GARY J.)
  • Inc. common stock between 8/10/99 and 4/16/01 (the "Class
  • against Cisco and its top officers and directors for violations of the federal securities laws
  • By the beginning of the Class Period in 8/99, Internet Service Providers and competitive 10
  • 12 financing conditional upon the purchase of large amounts of Cisco product.
  • 13 manipulation and the shipment of defective or incomplete products, as well as Cisco's
  • 16 positive but false statements about Cisco's products, financial results and business
  • 19 of growth through acquisition, which Cisco accomplished through the exchange of inflated
  • 22 own Cisco shares at prices as high as $80.24 per share, or 84% higher than the price to
  • EPS of only $0.18.
  • This disclosure shocked the market, causing Cisco's stock to decline to less than
  • that 3rdQ F01 sales would be less than $4.8 billion, or lower than any quarter since the 2ndQ
  • 11 inventory of components in its service business.
  • During the Class Period, while in possession of confidential Cisco information, Carter
  • 11 artificially inflated prices as high as $66-1/2 per share, for proceeds of more than
  • In fact Cisco's top executives receive monthly
  • 15 Inventories of Finished Goods and Component Parts
  • 17 in quantity if the new products were successful, Cisco had entered into unusual purchase
  • In addition to depriving Cisco of revenue needed to meet its revenue and EPS forecasts
  • 18 to uncreditworthy customers who Cisco knew would likely be unable to repay their loans
  • ship what it knew were defective summa switches and record revenue on those shipments.
  • equipment, Cisco would require the buyer to purchase, through an intermediary such as a
  • 14 knew would require either replacement of the product or substantial remedial work at great
  • Cisco's earnings were materially overstated in violation of GAAP as described in ¶¶76-93.

  • 11 . COMPLAINT A

    EXTRACTED KEY WORDS
    CHAMBERS
    CISCO SYSTEMS
    DEFENDANT
    SALES
    CLASS PERIOD
    REVENUE
    CISCO STOCK
    JOHN
    DEMAND
    CARTER
    ACQUISITIONS
    VIOLATION
    CUSTOMERS
    GROWTH
    ANALYSTS
    ARTIFICIALLY INFLATED PRICES
    EXECUTIVES
    NET INCOME
    SECURITIES
    EPS
    SERVICE PROVIDERS
    CALIFORNIA
    CONFIDENTIAL CISCO INFORMATION
    INVENTORIES
    TECHNOLOGY
    CARL REDFIELD
    UNITED STATES
    SENIOR VICE PRESIDENT-FINANCE
    SUCCESSFUL
    
    
    
       MILBERG WEISS BERSHAD
       HYNES & LERACH LLP
       WILLIAM S. LERACH (68581)
       DARREN J. ROBBINS (168593)
       SPENCER A. BURKHOLZ (147029)
       FREDERICK B. BURNSIDE (211089)
       600 West Broadway, Suite 1800
       San Diego, CA 92101
       Telephone: 619/231-1058
       619/231-7423 (fax)
           - and -
       MICHAEL R.R. REESE (206773)
       100 Pine Street, Suite 2600
       San Francisco, CA 94111
       Telephone: 415/288-4545
       415/288-4534 (fax)
           - and -
       MELVYN I. WEISS
       One Pennsylvania Plaza
       New York, NY 10119-1065
       Telephone: 212/594-5300
       212/868-1229 (fax)
    
       Attorneys for Plaintiff
    
       (Additional counsel appear on signature page.)
    
                            UNITED STATES DISTRICT COURT
    
                          NORTHERN DISTRICT OF CALIFORNIA
    
    
       PLUMBERS & PIPEFITTERS LOCAL
       572 PENSION FUND, On Behalf of
       Itself and All Others Similarly Situated,
    
                               Plaintiff,
    
           vs.
    
       CISCO SYSTEMS, INC., JOHN T.
       CHAMBERS, LARRY R. CARTER, GARY
       J. DAICHENDT, JUDITH L. ESTRIN,
       CHARLES H. GIANCARLO, MARIO
       MAZZOLA, CARL REDFIELD,
       MICHELANGELO VOLPI, CAROL A.
    
    SNIPPETS:
  • COMPLAINT FOR VIOLATIONS OF THE FEDERAL SECURITIES LAWS
  • DEMAND FOR JURY TRIAL
  • This is a securities fraud class action on behalf of persons who purchased Cisco Systems,
  • By the beginning of the Class Period in 8/99, Internet Service Providers and competitive
  • The inflation in Cisco's stock price was essential to its main corporate strategy - that of
  • Defendants' misconduct has wiped out over $400 billion in market capitalization as Cisco
  • Defendant Cisco maintains its headquarters at San Jose, California.
  • Defendant John T. Chambers was, during the Class Period, President, Chief Executive Officer,
  • During the Class Period, while in possession of confidential Cisco information, Chambers sold
  • Defendant Larry R. Carter was, during the Class Period, Senior Vice President-Finance and
  • During the Class Period, while in possession of confidential Cisco information, Carter sold
  • Defendant Carl Redfield was, during the Class Period, Senior Vice President-Manufacturing and
  • Cisco's Senior Executives
  • Carter was at all relevant times Senior Vice President-Finance and Administration, Chief
  • The financial reporting system is so efficient that Cisco, in essence, is able to close its
  • Cisco's top executives received daily reports on product sales and product inventories that
  • Earlier in F00, in an effort to assure itself of a sufficient quantity of component parts to
  • In addition to depriving Cisco of revenue needed to meet its revenue and EPS forecasts and
  • Cisco was artificially inflating its reported revenues, net income and EPS through a variety
  • Cisco was recording revenue on the sale of products to indirect customers where it had loaned
  • Many of Cisco's acquisitions were extremely disappointing, as products acquired were not yet
  • Cisco had accumulated hundreds of millions of dollars worth of overvalued and excess
  • This was often commented upon by defendants and analysts following Cisco.
  • Cisco's stock plunged on these revelations - falling from $36-3/16 to $29-7/8, a 17% drop on

  • 12 . NOTICE OF RESCHEDULING OF MOTION FOR APPOINTMENT

    EXTRACTED KEY WORDS
    APPOINTMENT
    MOTION
    RESCHEDULING
    CISCO SYSTEMS
    PLUMBERS
    LOS ANGELES
    SECURITIES
    COUNSEL
    STULL
    CALIFORNIA
    PURSUANT
    APPROVE LEAD
    EXCHANGE ACT
    SUITE
    BRODY
    WILSHIRE BLVD
    WEISS
    LAW OFFICES
    FERMAGLICH
    BUSINESS
    PARTY
    CONSOLIDATION
    JOHN WIRFEL
    YORK
    MICHAEL
    FLOOR
    TRINKO
    CURTIS
    SAVETT
    
     1 Jordan L. Lurie (130013)
          Mark A. Gordon (160113)
     2 WEISS & YOURMAN
          10940 Wilshire Blvd., 24th Floor
     3 Los Angeles, CA 90024
          (310) 208-2800
     4 (310) 209-2348 - fax
     5 Michael D. Braun (167416)
          Patrice L. Bishop (182256)
     6 STULL, STULL & BRODY
          10940 Wilshire Blvd. Suite 2300
     7 Los Angeles, CA 90024
          (310) 209-2468
     8 (310) 209-2087 - fax
     9 Jules Brody
          STULL, STULL & BRODY
    10 6 East 45th Street
          New York, NY 10017
    11 (212) 687-7320
          (212) 490-2022 - fax
    12 Counsel for Movants, Proposed Lead Class Counsel
    13
    14                                    UNITED STATES DISTRICT COURT
    15                                 NORTHERN DISTRICT OF CALIFORNIA
    16                                              SAN JOSE DIVISION
    17
    18 PLUMBERS & PIPEFITTERS LOCAL 572                          ) CASE NO.: CV 01-20418 JW
          PENSION FUND, On Behalf of Itself and All              )
    19 Others Similarly Situated,                                ) CLASS ACTION
                                                                 )
    20                            Plaintiff,                     ) NOTICE OF RESCHEDULING OF
                                                                 ) MOTION FOR APPOINTMENT OF
    21                    v.                                     ) WARREN FERMAGLICH, CHANNA
                                                                 ) FERMAGLICH AND JOHN WIRFEL AS
    22 CISCO SYSTEMS, INC., JOHN T.                              ) LEAD  PLAINTIFFS PURSUANT TO
          CHAMBERS, LARRY R. CARTER, GARY J. ) SECTION 21D OF THE SECURITIES
    23 DAICHENDT, JUDITH L. ESTRIN, CHARLES ) EXCHANGE ACT OF 1934, TO
          H. GIANCARLO, MARIO MAZZOLA, CARL ) APPROVE LEAD PLAINTIFF'S CHOICE
    24 REDFIELD, MICHELANGELO VOLPI,                             ) OF COUNSEL, AND FOR
          CAROL A. BARTZ, JAMES F. GIBBONS,                      ) CONSOLIDATION OF ALL RELATED
    25 STEVEN M. WEST, EDWARD R. KOZEL and ) ACTIONS
          ROBERT L. PUETTE,                                      )
    26                                                           ) Old Date:        September 17, 2001
                                  Defendants.                    ) New Date:        September 10, 2001
    27                                                           ) Time:            9:00 a.m.
                                                                      Ctrm:         8, Hon. James Ware
    28
    
                                                                 1
    
    SNIPPETS:
  • 10940 Wilshire Blvd., 24th Floor
  • Los Angeles, CA 90024
  • STULL, STULL & BRODY
  • New York, NY 10017
  • 12 Counsel for Movants, Proposed Lead Class Counsel
  • Plumbers & Pipefitters Local 572 v. Cisco Systems, Inc., et al., Case No. CV-01-20418 JW
  • John Wirfel for Appointment as Lead Plaintiff Pursuant to Section 21D of the Securities
  • Act of 1934; to Approve Lead Plaintiffs' Choice of Counsel; and for Consolidation of all
  • South First St., San Jose, California.
  • not a party to the within action; my business address is 10940 Wilshire Blvd., 24th Floor,
  • FERMAGLICH, CHANNA FERMAGLICH AND JOHN WIRFEL AS LEAD PLAINTIFFS PURSUANT TO SECTION 21D OF
  • I am aware that on motion of the party served, service is presumed invalid if postal
  • 600 West Broadway Suite 1800
  • MILBERG WEISS BERSHAD
  • Michael R.R. Reese
  • 21 SAVETT FRUTKIN PODELL & RYAN P.C.
  • LAW OFFICES OF CURTIS V. TRINKO,

  • 13 . STATEMENT OF NONOPPOSITION TO MOTION TO CONSOLIDATE

    EXTRACTED KEY WORDS
    CISCO
    MOTION
    DEFENDANT
    BAR
    HALL
    CISCO INVESTORS GROUP
    NONOPPOSITION
    DEFENDANT PRICEWATERHOUSECOOPERS
    MCAULIFFE LLP
    FERMAGLICH
    PWC
    CISCO SYSTEMS
    HELLER EHRMAN WHITE
    CLASS CERTIFICATION PROCEEDINGS
    SUBSEQUENT CLASS CERTIFICATION
    PLAINTIFF
    BONA FIDES
    RIGHTS
    RESERVES
    RADIANT ADVISORS LLC
    GIORGIO VANZINI
    JOHN WIRFEL
    CHANNA FERMAGLICH
    WARREN FERMAGLICH
    ROBERT RADWAY
    SUNITA REDDY
    COUNSEL
    PREJUDICE
    CONSOLIDATION ORDER
    
    1     NORMAN J. BLEARS (Bar No. 95600)
          GEORGE H. BROWN (Bar No. 138590)
    2     HELLER EHRMAN WHITE & McAULIFFE LLP
          275 Middlefield Road
    3     Menlo Park, CA  94025-3506
          Telephone: (650) 324-7000
    4     Facsimile: (650) 324-0638
    5     MICHAEL L. RUGEN (Bar No. 85578)
          NICOLE M. RYAN (Bar No. 175980)
    6     HELLER EHRMAN WHITE & McAULIFFE LLP
          333 Bush Street
    7     San Francisco, California  94104-2878
          Telephone: (415) 772-6000
    8     Facsimile: (415) 772-6268
    9     Attorneys for Defendant
          PRICEWATERHOUSECOOPERS LLP
    10
    11                                 UNITED STATES DISTRICT COURT
    12                               NORTHERN DISTRICT OF CALIFORNIA
    13                                          SAN JOSE DIVISION
    14    PLUMBERS  & PIPEFITTERS LOCAL                       No. C-01-20418-JW
    15    572 PENSION FUND, On Behalf of Itself
          and All Others Similarly Situated,                  DEFENDANT
    16                                                        PRICEWATERHOUSECOOPERS
                                                Plaintiff,    LLP'S STATEMENT OF
    17                                                        NONOPPOSITION TO MOTION
                v.                                            TO CONSOLIDATE RELATED
    18                                                        ACTIONS
          CISCO SYSTEMS, INC., et al.,
    19                                                        The Honorable James Ware
                                          Defendants,
    20                                                        Date:   September 10, 2001
                                                              Time:   9:00 a.m.
    21                                                        Place:  Courtroom 8
    22
    
    23
    
    24
    
    25
    
    26
    
    27
    
    28
    
          DEFENDANT PRICEWATERHOUSECOOPERS LLP'S
    
    SNIPPETS:
  • NORMAN J. BLEARS (Bar No. 95600)
  • HELLER EHRMAN WHITE & McAULIFFE LLP
  • DEFENDANT PRICEWATERHOUSECOOPERS LLP'S STATEMENT OF NONOPPOSITION TO MOTION TO CONSOLIDATE ­
  • and Exchange Act of 1934 brought by the Cisco Investors Group.
  • to consolidate, Hall v. Cisco Systems, Inc., C-01-20643-JW.1 PwC has no objection to the
  • consolidation of Hall with the other sixteen actions, so long as any consolidation order is
  • tailored not to prejudice PwC's interests.
  • counsel brought by the Cisco Investors Group, Sunita Reddy, Robert Radway and the Cisco
  • 10 Institutional Shareholder's Group, Warren Fermaglich, Channa Fermaglich and John Wirfel,
  • 11 Giorgio Vanzini, and Radiant Advisors LLC, although it reserves its rights to challenge the
  • 12 bona fides of any plaintiff with respect to any subsequent class certification proceedings.

  • 14 . REPLY TO THE LEAD PLAINTIFF OPPOSITIONS

    EXTRACTED KEY WORDS
    PLAINTIFFS
    INVESTORS GROUP
    CISCO INVESTORS
    APPOINT
    COURT
    INDIVIDUAL INVESTOR
    SUPPORT THEREOF
    CO-LEAD PLAINTIFFS
    LLC
    ADVISORS
    RADIANT
    MPA
    LEAD PLTF OPPS
    COUNSEL
    FERMAGLICH
    INSTITUTIONAL INVESTOR
    MOVING
    STULL
    PAPERS
    OPPOSITION
    LOS ANGELES
    BRODY
    ZALTZMAN
    COMPETING
    LOSSES
    REPRESENTATION
    OXFORD
    SECURITIES CLASS ACTION
    MOTION
    
     1 STULL, STULL & BRODY
          Michael D. Braun (167416)
     2 Patrice L. Bishop (182256)
          10940 Wilshire Blvd. Suite 2300
     3 Los Angeles, CA 90024
          (310) 209-2468
     4 (310) 209-2087 - fax
    
     5 Counsel for Movant, Proposed Lead Class Counsel
    
     6 WEISS & YOURMAN
          Jordan L. Lurie (130013)
     7 Mark A. Gordon (160113)
          10940 Wilshire Blvd., 24th Floor
     8 Los Angeles, CA 90024
          (310) 208-2800
     9 (310) 209-2348 - fax
    
    10 STULL, STULL & BRODY
          Jules Brody
    11 Howard T. Longman
          6 East 45th Street
    12 New York, NY 10017
          (212) 687-7320
    13 (212) 490-2022 - fax
    
    14 Attorneys for Plaintiffs
    
    15                                 UNITED STATES DISTRICT COURT
    
    16                                NORTHERN DISTRICT OF CALIFORNIA
    
    17                                         SAN JOSE DIVISION
    
    18
    
    19 PLUMBERS & PIPEFITTERS LOCAL 572                ) CASE NO.: CV 01-20418 JW
          PENSION FUND, On Behalf of Itself and All    )
    20 Others Similarly Situated,                      ) CLASS ACTION
                                                       )
    21                          Plaintiff,             ) WARREN FERMAGLICH'S REPLY TO
                                                       ) THE LEAD PLAINTIFF OPPOSITIONS
    22                   v.                            ) OF THE CISCO INVESTORS GROUP
                                                       ) AND RADIANT ADVISORS, LLC;
    23 CISCO SYSTEMS, INC., JOHN T.                    ) MEMORANDUM OF POINTS AND
          CHAMBERS, LARRY R. CARTER, GARY J. ) AUTHORITIES IN SUPPORT THEREOF
    24 DAICHENDT, JUDITH L. ESTRIN, CHARLES )
          H. GIANCARLO, MARIO MAZZOLA, CARL ) Date: September 10, 2001
    25 REDFIELD, MICHELANGELO VOLPI,                   ) Time: 9:00 a.m.
    
    SNIPPETS:
  • STULL, STULL & BRODY
  • Los Angeles, CA 90024
  • Counsel for Movant, Proposed Lead Class Counsel
  • WARREN FERMAGLICH'S REPLY TO THE LEAD PLTF OPPS.
  • OF THE CISCO INVESTORS GROUP AND RADIANT ADVISORS, LLC; MPA IN SUPPORT THEREOF
  • Mr. Fermaglich, as outlined in his moving and
  • opposing papers, lost over $7.9 million in his Cisco investments during the Class Period.
  • to all the information submitted by the proposed lead plaintiffs, Mr. Fermaglich has the
  • 16 institutional investor and an individual investor, the Court should appoint Mr. Fermaglich
  • 17 individual investor lead plaintiff because he has the largest loss of any moving
  • In its opposition,
  • In re Oxford Health Plans,
  • representation,
  • 13 lead plaintiffs refused to appoint an attorney-created group in its entirety,
  • 15 Courts selected co-lead plaintiffs from competing moving papers.
  • For example, in Zaltzman, 1998
  • 20 institutional investor and two individuals with the largest losses as co-lead plaintiffs.
  • I am aware that on motion of the party served, service is presumed invalid if postal
  • 16 the following electronic mail address provided by the Securities Class Action

  • 15 . DECLARATION OF WARREN FERMAGLICH

    EXTRACTED KEY WORDS
    COUNSEL
    CISCO
    FERMAGLICH
    INVESTMENT
    CLASS PERIOD
    SUPPORT
    STULL
    MONITOR
    APPT
    DECL
    CISCO SYSTEMS
    PLUMBERS
    BRODY
    WILLINGNESS
    CERTIFICATION
    OMISSIONS
    PURCHASE
    WIFE
    SECURITIES
    APPOINTMENT
    DECLARE
    APPROVE LEAD PLAINTIFFS
    EXCHANGE ACT
    LOS ANGELES
    WILSHIRE BLVD
    CLASS MEMBERS
    DUTY
    LITIGATION
    ADEQUATE COUNSEL
    
     1 STULL, STULL & BRODY
          Michael D. Braun (167416)
     2 Patrice L. Bishop (182256)
          10940 Wilshire Blvd. Suite 2300
     3 Los Angeles, CA 90024
          (310) 209-2468
     4 (310) 209-2087 - fax
     5 Counsel for Movant, Proposed Lead Class Counsel
     6 WEISS & YOURMAN
          Jordan L. Lurie (130013)
     7 Mark A. Gordon (160113)
          10940 Wilshire Blvd., 24th Floor
     8 Los Angeles, CA 90024
          (310) 208-2800
     9 (310) 209-2348 - fax
    10 STULL, STULL & BRODY
          Jules Brody
    11 Howard T. Longman
          6 East 45th Street
    12 New York, NY 10017
          (212) 687-7320
    13 (212) 490-2022 - fax
    14 Attorneys for Plaintiffs
    15                                         UNITED STATES DISTRICT COURT
    16                                      NORTHERN DISTRICT OF CALIFORNIA
    17                                                     SAN JOSE DIVISION
    18
    19 PLUMBERS & PIPEFITTERS LOCAL 572                                    ) CASE NO.: CV 01-20418 JW
          PENSION FUND, On Behalf of Itself and All                        )
    20 Others Similarly Situated,                                          ) CLASS ACTION
                                                                           )
    21                                 Plaintiff,                          ) DECLARATION OF WARREN
                                                                           ) FERMAGLICH IN SUPPORT OF
    22                       v.                                            ) MOTION FOR APPOINTMENT OF
                                                                           ) LEAD PLAINTIFF PURSUANT TO
    23 CISCO SYSTEMS, INC., JOHN T.                                        ) SECTION 21D OF THE
          CHAMBERS, LARRY R. CARTER, GARY J. ) EXCHANGE ACT OF 1934; TO
    24 DAICHENDT, JUDITH L. ESTRIN, CHARLES ) APPROVE LEAD PLAINTIFFS' CHOICE
          H. GIANCARLO, MARIO MAZZOLA, CARL ) OF COUNSEL; AND FOR
    25 REDFIELD, MICHELANGELO VOLPI,                                       ) CONSOLIDATION OF ALL
          CAROL A. BARTZ, JAMES F. GIBBONS,                                ) ACTIONS
    26 STEVEN M. WEST, EDWARD R. KOZEL and )
          ROBERT L. PUETTE,                                                ) Date: September 10, 2001
    27                                                                     ) Time: 9:00 a.m.
                                       Defendants.                         ) Ctrm: 8, Hon. James Ware
    28                                                                     )
    
                                                                          1
          Plumbers & Pipefitters Local 572 v. Cisco Systems, Inc., et al., Case No. CV-01-20418 JW
    
    SNIPPETS:
  • STULL, STULL & BRODY
  • Los Angeles, CA 90024
  • Counsel for Movant, Proposed Lead Class Counsel
  • 10940 Wilshire Blvd., 24th Floor
  • Plumbers & Pipefitters Local 572 v. Cisco Systems, Inc., et al., Case No. CV-01-20418 JW
  • DECL.
  • OF W. FERMAGLICH N SUPPORT OF APPT.
  • I, Warren Fermaglich, declare:
  • support of my motion for "Appointment as Lead Plaintiff Pursuant to Section 21D of the
  • Exchange Act of 1934; to Approve Lead Plaintiffs' Choice of Counsel; and for Consolidation of
  • Cisco options on behalf of myself and my wife,
  • Our investment in Cisco was approximately 90 to 95%
  • 13 every decision to purchase Cisco stock.
  • 14 me in the market place during the Class Period.
  • 18 willingness to be a lead plaintiff.
  • 20 lost at least $7,992,520.80 due to defendants' omissions and/or misrepresentations.
  • 27 adequate counsel and monitor that counsel and this litigation.
  • and that I have a fiduciary duty to those individuals and/or entities.
  • Class certification on behalf of myself and the Class members.

  • 16 . MOTION FOR APPOINTMENT

    EXTRACTED KEY WORDS
    MOVANTS
    COUNSEL
    CISCO SYSTEMS
    SECURITIES
    LEAD PLAINTIFF
    PLUMBERS
    EXCHANGE ACT
    STULL
    GORDON
    MOTION
    BRODY
    CONSOLIDATION
    APPOINTMENT
    APPROVE LEAD
    YOURMAN
    CLASS MEMBERS
    CLASS PERIOD
    DEFENDANTS
    CISCO STOCK
    RELATED ACTIONS
    MEMORANDUM
    LOS ANGELES
    WILSHIRE BLVD
    APPOINTED LEAD PLAINTIFF
    GORDON DECL
    FEDERAL SECURITIES LAWS
    FEDERAL RULES
    PLAINTIFF PURSUANT
    CLASS REPRESENTATIVES
    
     1 Jordan L. Lurie (130013)
          Mark A. Gordon (160113)
     2 WEISS & YOURMAN
          10940 Wilshire Blvd., 24th Floor
     3 Los Angeles, CA 90024
          (310) 208-2800
     4 (310) 209-2348 - fax
     5 Michael D. Braun (167416)
          Patrice L. Bishop (182256)
     6 STULL, STULL & BRODY
          10940 Wilshire Blvd. Suite 2300
     7 Los Angeles, CA 90024
          (310) 209-2468
     8 (310) 209-2087 - fax
     9 Jules Brody
          STULL, STULL & BRODY
    10 6 East 45th Street
          New York, NY 10017
    11 (212) 687-7320
          (212) 490-2022 - fax
    12 Counsel for Movants, Proposed Lead Class Counsel
    13
    14                                    UNITED STATES DISTRICT COURT
    15                                 NORTHERN DISTRICT OF CALIFORNIA
    16                                              SAN JOSE DIVISION
    17
    18 PLUMBERS & PIPEFITTERS LOCAL 572                          ) CASE NO.: CV 01-20418 JW
          PENSION FUND, On Behalf of Itself and All              )
    19 Others Similarly Situated,                                ) CLASS ACTION
                                                                 )
    20                            Plaintiff,                     ) NOTICE OF MOTION AND MOTION
                                                                 ) FOR APPOINTMENT OF WARREN
    21                    v.                                     ) FERMAGLICH, CHANNA
                                                                 ) FERMAGLICH AND JOHN WIRFEL AS
    22 CISCO SYSTEMS, INC., JOHN T.                              ) LEAD  PLAINTIFFS PURSUANT TO
          CHAMBERS, LARRY R. CARTER, GARY J. ) SECTION 21D OF THE SECURITIES
    23 DAICHENDT, JUDITH L. ESTRIN, CHARLES ) EXCHANGE ACT OF 1934, TO
          H. GIANCARLO, MARIO MAZZOLA, CARL ) APPROVE LEAD PLAINTIFF'S CHOICE
    24 REDFIELD, MICHELANGELO VOLPI,                             ) OF COUNSEL, AND FOR
          CAROL A. BARTZ, JAMES F. GIBBONS,                      ) CONSOLIDATION OF ALL RELATED
    25 STEVEN M. WEST, EDWARD R. KOZEL and ) ACTIONS; MEMORANDUM OF POINTS
          ROBERT L. PUETTE,                                      ) AND AUTHORITIES IN SUPPORT
    26                                                           ) THEREOF
                                  Defendants.                    )
    27                                                           ) Date: July 30, 2001
                                                                      Time: 9:00 a.m.
    28                                                                Ctrm: 8, Hon. James Ware
    
                                                                 1
    
    SNIPPETS:
  • Jordan L. Lurie Mark A. Gordon
  • 10940 Wilshire Blvd., 24th Floor
  • Los Angeles, CA 90024
  • STULL, STULL & BRODY
  • 12 Counsel for Movants, Proposed Lead Class Counsel
  • CHAMBERS, LARRY R. CARTER, GARY J.) SECTION 21D OF THE SECURITIES 23 DAICHENDT, JUDITH L.
  • EDWARD R. KOZEL and) ACTIONS; MEMORANDUM OF POINTS
  • Plumbers & Pipefitters Local 572 v. Cisco Systems, Inc., et al., Case No. CV-01-20418 JW
  • Channa Fermaglich and John Wirfel (collectively "Movants") will, and hereby do, move this
  • for an order granting Movants' motion for "Appointment as Lead Plaintiff Pursuant to Section
  • Consolidation of all Related Actions".
  • Movants meet the requirements of Rule 23 of the Federal Rules of Civil Procedure for
  • 13 their selection of Weiss & Yourman and Stull, Stull & Brody, two law firms which have
  • their motion for "Appointment as Lead Plaintiff Pursuant to Section 21D of the Securities
  • Act of 1934; to Approve Lead Plaintiffs' Choice of Counsel; and for Consolidation of all
  • actions allege the same common scheme and course of conduct by defendants to defraud
  • See Exhibits A and B to the Gordon Decl.
  • 22 the selection of Lead Plaintiffs to oversee class actions brought under the federal
  • 27 have completed sworn certifications listing their purchases of Cisco stock and requesting
  • 11 Wire which informed potential class members of the pendency of the action and their right
  • Class Period, and have incurred losses of more than $9,443,000.
  • serve as, and assume the responsibilities of, class representatives.

  • 17 . DECLARATION OF MARK A

    EXTRACTED KEY WORDS
    COUNSEL
    STULL
    GORDON
    SUPPORT
    LEAD PLAINTIFF
    PLUMBERS
    MOVANTS
    BRODY
    JOHN
    FERMAGLICH
    DECLARE
    LEAD PLFS
    APPT
    DECL
    CISCO SYSTEMS
    CONSOLIDATION
    EXCHANGE ACT
    SECURITIES
    LEAD PLAINTIFF PURSUANT
    LOS ANGELES
    WILSHIRE BLVD
    MARK
    YOURMAN
    WEISS
    FOREGOING
    AMERICA
    SLIP
    AURORA FOODS
    STEINER
    
     1 WEISS & YOURMAN
          JORDAN L. LURIE (130013)
     2 MARK A. GORDON (160113)
          10940 Wilshire Blvd., 24th Floor
     3 Los Angeles, CA 90024
          (310) 208-2800
     4 (310) 209-2348 - fax
     5 STULL, STULL & BRODY
          MICHAEL D. BRAUN (167416)
     6 PATRICE L. BISHOP (182256)
          10940 Wilshire Blvd. Suite 2300
     7 Los Angeles, CA 90024
          (310) 209-2468
     8 (310) 209-2087 - fax
     9 STULL, STULL & BRODY
          JULES BRODY
    10 6 East 45th Street
          New York, NY 10017
    11 (212) 687-7320
          (212) 490-2022 - fax
    12 Counsel for Movants, Proposed Lead Class Counsel
    13
    14                                    UNITED STATES DISTRICT COURT
    15                                  NORTHERN DISTRICT OF CALIFORNIA
    16                                              SAN JOSE DIVISION
    17
    18 PLUMBERS & PIPEFITTERS LOCAL 572 ) CASE NO.: CV 01-20418 JW
    19 PENSION FUND, On Behalf of Itself and All                 )
          Others Similarly Situated,                             ) CLASS ACTION
    20                                                           )
                                  Plaintiff,                     ) DECLARATION OF MARK A. GORDON
    21                                                           ) IN SUPPORT OF MOTION FOR
                          v.                                     ) APPOINTMENT OF WARREN
    22                                                           ) FERMAGLICH, CHANNA
          CISCO SYSTEMS, INC., JOHN T.                           ) FERMAGLICH AND JOHN WIRFEL AS
    23 CHAMBERS, LARRY R. CARTER, GARY J. ) LEAD PLAINTIFF PURSUANT TO
          DAICHENDT, JUDITH L. ESTRIN, CHARLES ) SECTION 21D OF THE SECURITIES
    24 H. GIANCARLO, MARIO MAZZOLA, CARL ) EXCHANGE ACT OF 1934; TO
          REDFIELD, MICHELANGELO VOLPI,                          ) APPROVE LEAD PLAINTIFFS' CHOICE
    25 CAROL A. BARTZ, JAMES F. GIBBONS,                         ) OF COUNSEL; AND FOR
          STEVEN M. WEST, EDWARD R. KOZEL and ) CONSOLIDATION OF ALL RELATED
    26 ROBERT L. PUETTE,                                         ) ACTIONS
                                                                 )
    27                            Defendants.                    ) Date: July 30, 2001
                                                                 ) Time: 9:00 a.m.
    28                                                                Ctrm:: 8, Hon. James Ware
    
                                                                 1
          Plumbers & Pipefitters Local 572 v. Cisco Systems, Inc., et al., Case No. CV-01-20418 JW
    
    SNIPPETS:
  • 10940 Wilshire Blvd., 24th Floor
  • Los Angeles, CA 90024
  • STULL, STULL & BRODY MICHAEL D. BRAUN
  • STULL & BRODY JULES BRODY
  • 12 Counsel for Movants, Proposed Lead Class Counsel
  • 18 PLUMBERS & PIPEFITTERS LOCAL 572) CASE NO.:
  • Plumbers & Pipefitters Local 572 v. Cisco Systems, Inc., et al., Case No. CV-01-20418 JW
  • DECL.
  • OF M. GORDON IN SUPPORT OF APPT AS LEAD PLFS
  • I, Mark A. Gordon, declare:
  • I am an associate with the law firm of Weiss & Yourman,
  • Warren Fermaglich, Channa Fermaglich and John Wirfel.
  • support of Movants' motion for "Appointment as Lead Plaintiff Pursuant to Section 21D of the
  • Securities Exchange Act of 1934; to Approve Lead Plaintiffs' Choice of Counsel; and for
  • Consolidation of all Related Actions".
  • Exhibit E: Powers v. Eichen,
  • Steiner v. Aurora Foods, Inc., et al., No. C-00-602-CW, slip op
  • 23 States of America that the foregoing is true and correct.

  • 18 . COMPLAINT B 10

    EXTRACTED KEY WORDS
    CHAMBERS
    CISCO SYSTEMS
    DEFENDANT
    SALES
    CLASS PERIOD
    REVENUE
    JOHN
    CISCO STOCK
    DEMAND
    CARTER
    ACQUISITIONS
    GROWTH
    CUSTOMERS
    MARKET
    INVENTORY
    ARTIFICIALLY INFLATED PRICES
    NET INCOME
    SECURITIES
    SERVICE PROVIDERS
    EPS
    CONFIDENTIAL CISCO INFORMATION
    CALIFORNIA
    UNITED STATES
    INVENTORIES
    VENDOR FINANCING
    TECHNOLOGY
    CARL REDFIELD
    SENIOR VICE PRESIDENT-FINANCE
    SUBSTANTIAL TECHNICAL DEFECTS
    
    
    
       MILBERG WEISS BERSHAD
       HYNES & LERACH LLP
       WILLIAM S. LERACH (68581)
       DARREN J. ROBBINS (168593)
       SPENCER A. BURKHOLZ (147029)
       DANIEL S. DROSMAN (200643)
       FREDERICK B. BURNSIDE (211089)
       600 West Broadway, Suite 1800
       San Diego, CA 92101
       Telephone: 619/231-1058
       619/231-7423 (fax)
    
       BULL & LIFSHITZ, LLP
       JOSHUA M. LIFSHITZ
       246 West 38th Street
       New York, NY 10018
       Telephone: 212-869-9449
       212/869-5632 (fax)
    
       Attorneys for Plaintiff
    
                            UNITED STATES DISTRICT COURT
    
                          NORTHERN DISTRICT OF CALIFORNIA
    
    
    
       SAMUEL MAYER, On Behalf of
       Himself and All Others Similarly Situated,
    
                               Plaintiff,
    
           vs.
    
       CISCO SYSTEMS, INC., JOHN T.
       CHAMBERS, LARRY R. CARTER, GARY
       J. DAICHENDT, JUDITH L. ESTRIN,
       CHARLES H. GIANCARLO, MARIO
       MAZZOLA, CARL REDFIELD,
       MICHELANGELO VOLPI, CAROL A.
       BARTZ, JAMES F. GIBBONS, STEVEN
       M. WEST, EDWARD R. KOZEL
       and ROBERT L. PUETTE,
    
                               Defendants.
       ____________________________________
    
    SNIPPETS:
  • COMPLAINT FOR VIOLATION OF THE FEDERAL SECURITIES LAWS
  • DEMAND FOR JURY TRIAL
  • This is a securities fraud class action on behalf of persons who purchased Cisco Systems,
  • By the beginning of the Class Period in 8/99, Internet Service Providers and competitive
  • Through this manipulation and the shipment of defective or incomplete products, as well as
  • The inflation in Cisco's stock price was essential to its main corporate strategy - that of
  • In addition, each of the defendants had the motive and the opportunity to perpetrate the
  • Defendants' misconduct has wiped out over $400 billion in market capitalization as Cisco
  • Defendant Cisco maintains its headquarters at San Jose, California.
  • Defendant John T. Chambers was, during the Class Period, President, Chief Executive Officer,
  • During the Class Period, while in possession of confidential Cisco information, Chambers sold
  • Defendant Larry R. Carter was, during the Class Period, Senior Vice President-Finance and
  • During the Class Period, while in possession of confidential Cisco information, Carter sold
  • Defendant Carl Redfield was, during the Class Period, Senior Vice President-Manufacturing and
  • Carter was at all relevant times Senior Vice President-Finance and Administration, Chief
  • management of the Company knew that much of Cisco's sales growth was being generated by
  • The financial reporting system is so efficient that Cisco, in essence, is able to close its
  • Cisco's top executives received daily reports on product sales and product inventories that
  • In addition to depriving Cisco of revenue needed to meet its revenue and EPS forecasts and
  • Cisco was artificially inflating its reported revenues, net income and EPS through a variety
  • Cisco was recording revenue on the sale of products to indirect customers where it had loaned
  • Cisco's summa switch had substantial technical defects and quality problems which were
  • Many of Cisco's acquisitions were extremely disappointing, as products acquired were not yet
  • Cisco's stock plunged on these revelations - falling from $36-3/16 to $29-7/8, a 17% drop on
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