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IN RE PETCO ANIMAL SUPPLIES INC SECURITIES LITIGATION Click to find out why . . .



Keywords & Phrases
CaseNo: PAS105343, CourtName: CLASS ACTION CASES, State: CA California, UniqueCaseRef: LCD>PAS105343, Stock, Petco Stock, Peter, Growth, Open Market Sales, Eps, F98, Store, Lerach, Cash Bonus, Fy97, Onportunity, F99, F98 Plans, F97, Shares, Peter Sold, Scheme, Myers Open Market, F78aa, Act, Discounting, Lao, Ongoing Eps Growth, Assets, Expansion, Sharply Push, Surprise, Cauqht , ContentID: 120249897

Case Documents
1 1999-02-11 CONSOLIDATED AMENDED COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 123500
75 pages
PDF
Total Documents: 1 document , 75 pages
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1 . CONSOLIDATED AMENDED COMPLAINT

EXTRACTED KEY WORDS
PETCO STOCK
PETER
GROWTH
OPEN MARKET SALES
DEFENDANT
EPS
F98
STORE
LERACH
CASH BONUS
FY97
ONPORTUNITY
F99
F98 PLANS
F97
SHARES
PETER SOLD
SCHEME
MYERS OPEN MARKET
F78AA
ACT
DISCOUNTING
LAO
ONGOING EPS GROWTH
ASSETS
EXPANSION
SHARPLY PUSH
SURPRISE
CAUQHT
                              -  ORIGINAL
 1     MILBERG  WEISS  BERSHAD
          HYNES  &  LERACH  LLP
 2     WILLIAM  S.  LERACH  (685811
       BLAKE  M.  HARPER  (115756)
 3     JEFFREY  D.  LIGHT              (159515)
       MARISA  JANINE  (199316)
 4     600  West  Broadway,                Suite       1800
       San  Diego,          CA  92101
 5     Telephone:            619/231-1058
 6     SCHIFFRIN           &  BARROWAY,  LLP
       RICHARD  S.  SCHIFFRIN
 7     ANDREW  L.  BARROWAY
       Three  Bala  Plaza  East
 8     Suite       400
       Bala  Cynwyd,          PA  19004
 9     Telephone:            610/667-7706
10     Co-Lead        Counsel        for  Plaintiffs
11                                      UNITED  STATES  DISTRICT             COURT
12                                    SOUTHERN  DISTRICT        OF  CALIFORNIA
13
14     In  re  PETCO  ANIMAL  SUPPLIES,  INC.                                                     /
                                                                   Master           File       No.
       SECURITIES           LITIGATION                                 96cv1521-TW(POR)
15                                                                  CLASS  ACTION
16     This  Document             Relates      To:                  CONSOLIDATED  AMENDED  CLASS
17               ALL  ACTIONS.                                     ACTION  COMPLLAINT  FOR
                                                                   VIOLATION                 OF 
18                                                                 EXCHANGE  ACT  OF  1934
19                                                                  Plaintiffs               
                                                                   Trial           Bv  Jury
20
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  1                                                         INTRODUCTION  AND  OVERVIEW
  2                 1.              This       is  an  action                   on  behalf         
           in
  3     Petco  Animal                        Supplies,            Inc.          ("PETCO"  or  the 
etween
  4     l/30/97             and  7/10/98                    (the  "Class  Period"),                
SNIPPETS:
  • MILBERG WEISS BERSHAD HYNES & LERACH LLP
  • other pet store chains during 96-97.
  • 11 confused and that M [tlhose not in the know were cauqht bv surprise"
  • announced that it would sharply push back to 2ndH F98 its expansion
  • assets.
  • strong ongoing EPS growth.
  • 24 LAO+.
  • 13 discounting;
  • the 1934 Act, 15 U.S.C. f78aa.
  • Defendant J. Myers Open Market Sales
  • part of the scheme, St. Peter sold 28,027 shares of his PETCO stock
  • Defendant R. St. Peter Open Market Sales
  • compared to its F97 and F98 plans.
  • 12 and F99 were false and could not be achieved unless they continued
  • Motive And Onportunity
  • 26 year end FY97 St. Peter received a cash bonus of $221,000 -- almost
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