CITRIX SYSTEMS CLASS ACTION LITIGATION


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Keywords & Phrases

CaseNo: CSCAL206259, CourtName: CLASS ACTION CASES, State: NH New Hampshire, UniqueCaseRef: LCD>CSCAL206259, Cisco, Citrix, Citrix Common Stock, Chambers, Cisco Systems, Securities, Sales, Exchange Act, Complaint, Facts, Class Period, Revenue, Cisco Stock, John, Demand, Carter, Microsoft, Acquisitions, Violation, Customers, Growth, Analysts, Roberts, Purchase, Artificially Inflated Prices, Pursuant, Executives, Net Income, Shares, Individual Defendants, Eps, Service Providers, Representative Party, California, Confidential Cisco Information, Inventories, Technology, Carl Redfield, United States , ContentID: 120249568

Case Documents

COMPLAINT B
[ see first page and extracted highlights below ] ItemID: 122098

35 pages
TXT

COMPLAINT A
[ see first page and extracted highlights below ] ItemID: 122097

55 pages
HTML

2000-04-26

DOCKET
[ see first page and extracted highlights below ] ItemID: 122099

4 pages
HTML

Total Documents: 3 documents , 94 pages

Price: $ 29.95

IVESLCD01 KGI0001

1 . COMPLAINT B

EXTRACTED KEY WORDS

CITRIX COMMON STOCK
DEFENDANTS
PLAINTIFFS
SECURITIES
EXCHANGE ACT
COMPLAINT
FACTS
MICROSOFT
ROBERTS
PURCHASE
PURSUANT
COUNSEL
COURT
SHARES
INDIVIDUAL DEFENDANTS
REPRESENTATIVE PARTY
ALLEGATIONS
MATERIAL FACT
CERTIFICATION
TECHNOLOGIES
FEDERAL SECURITIES
PROMULGATED THEREUNDER
PURCHASERS
ROBERT DELEONARDIS
SECURITIES LAWS
JURISDICTION
SEAN COOPER
UNITED STATES DISTRICT
SECURITIES LITIGATION


               IN THE UNITED STATES DISTRICT COURT
               FOR THE SOUTHERN DISTRICT OF FLORIDA
                         NORTHERN DIVISION

SAMUEL L. BRENNER,
ROBERT DeLEONARDIS,
MATHEW B. SCHECTER,
SEAN COOPER, MOLLY
SUSSER and ANTHONY
BIVONA,

          Plaintiffs,

vs.                                      CASE No 97-6281
                                         (filed Mar. 19, 1997)
CITRIX SYSTEMS, INC.,
ROGER W. ROBERTS, BRUCE C.
CHITTENDEN, KEVIN R. COMPTON
and JAMES R. FELCYN,

          Defendants.
_______________________________/


                     CLASS ACTION COMPLAINT

     Plaintiffs make the following allegations on information and

belief, except as to the allegations regarding their purchases of

securities of Citrix Systems, Inc. ("Citrix" or the "Company"),

based on the facts alleged below, which are predicated upon the

investigation undertaken by Plaintiffs' counsel.  Plaintiffs allege

as follows:

                     JURISDICTION AND VENUE

     1.   This action is a class action on behalf of purchasers of

Citrix common stock during the period from January 21, 1997 through

February 26, 1997 inclusive.  The action is brought pursuant to

Section 10(b) of the Securities Exchange Act of 1934 (the "Exchange

SNIPPETS:

IN THE UNITED STATES DISTRICT COURT

CLASS ACTION COMPLAINT

Plaintiffs make the following allegations on information and

securities of Citrix Systems, Inc.,

investigation undertaken by Plaintiffs' counsel.

The action is brought pursuant to

Section 10of the Securities Exchange Act of 1934 (the "Exchange

Act") and Rule 10b-5 promulgated thereunder,

This Court has jurisdiction over the subject matter of this action

Defendants directly or indirectly used the means and instrumentalities of interstate commerce,

Brenner Revocable Trust, as set forth in the accompanying Certification, purchased 1,000

Plaintiff Robert DeLeonardis,

Plaintiff Sean Cooper, as set forth in the accompanying

Defendant Roger W. Roberts at all material

Microsoft, more fully described herein.

Had the Individual Defendants sold their shares

material facts and made false statements of material fact which,

cooperative development of technologies for the advancement of new

business which operated as a fraud and deceit upon the purchasers

Private Securities Litigation Reform Act of 1995 and as required by

I am willing to serve as a representative party on behalf

claims under the federal securities laws alleged in the Complaint:

I did not purchase stock in Citrix Systems,

The following sets forth all federal securities

2 . 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

3 . DOCKET

EXTRACTED KEY WORDS

ENTRY
PLAINTIFFS
COUNSEL
CONSOLIDATE
DEFENDANT
APPROVE
APPOINTMENT
GLAHN
WILBUR
WILLIAMS
KENNETH
PAUL
ESQ
CLASS COUNSEL
MCGUINNESS
DONALD
MYEROW
MICHAEL
DUNCAN
KIRKPATRICK
DAVID
ROBERT LEVINE
BENSON
CRAIG
CABLETRON SYSTEMS
WAIVER
COMMITTEE
COMPENSATION
MEMBER

Case docket was last updated on: 01/25/00.


Docket as of April 26, 2000 4:14 pm               Page 1

Proceedings include all events.
1:97cv640 Williams v. Cabletron Systems, et al                    CLOSED

                                                            CLOSED
                       U.S. District Court
         U. S. District Court of New Hampshire (Concord)

               CIVIL DOCKET FOR CASE #: 97-CV-640

Williams v. Cabletron Systems, et al                        Filed: 12/18/97
Assigned to: Senior Judge Shane Devine       Jury demand: Plaintiff
Demand: $0,000                               Nature of Suit:  850
Lead Docket: None                            Jurisdiction: Federal Question
Dkt# in other court: None

Cause: 15:78m(a) Securities Exchange Act


KENNETH M. WILLIAMS               Kenneth G. Bouchard, Esq.
     plaintiff                    (COR LD NTC)
                                  Bouchard & Mallory, PA
                                  369 Lafayette Road
                                  Hampton, NH 03842-2223
                                  926-9333


   v.


CABLETRON SYSTEMS, INC.           Wilbur A. Glahn, III, Esq.
     defendant                    (COR LD NTC)
                                  McLane Graf Raulerson &
                                  Middleton
                                  900 Elm Street
                                  Manchester, NH 03105
                                  625-6464


S. ROBERT LEVINE, President,      Wilbur A. Glahn, III, Esq.
Chief Executive Officer and a     (See above)
Director                          (COR LD NTC)
     defendant

SNIPPETS:

DAVID J. KIRKPATRICK, Chief Wilbur A. Glahn, III, Esq.

PAUL R. DUNCAN, Member of the Wilbur A. Glahn, III, Esq.

Compensation and Audit Committees defendant

MICHAEL D. MYEROW, Member of Wilbur A. Glahn, III, Esq.

DONALD F. MCGUINNESS, Member Wilbur A. Glahn, III, Esq.

Compensation and Audit Committee defendant

12/19/97 -- SUMMONS and WAIVER OF SERVICE issued for Cabletron Systems,

S. Robert Levine, Craig R. Benson, David J. Kirkpatrick,

Don Reed (Entry date 12/19/97)

12/30/97 2 MOTION by Kenneth M. Williams to Consolidate Cases

C.97-630-SD and C.97-640-SD, for Appointment of Lead

Plaintiffs, Approval of Class Counsel with memorandum.

Consolidate Cases C.97-542-SD, C.97-596-SD, C.97-615-SD,

Cured document deadline 1/12/98 for Kenneth M. Williams

Robert Levine, Craig R. Benson, David J. Kirkpatrick, Paul

motion to approve


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