GARY T GRABAR v JDS UNIPHASE CORP - Legal Case Documents


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GARY T GRABAR v JDS UNIPHASE CORP

Keywords & Phrases

CaseNo: GTGVJUC162742, CourtName: MISC 2, Plaintiff: GARY T GRABAR, State: CA California, UniqueCaseRef: LCD>GTGVJUC162742, Jds Uniphase, Class Period, Publicly Traded Securities, Uniphase Stock, Officer, Networks, Growth, Demand, Uniphase Corporation, Undisclosed Adverse Information, Shares, Customers, Sales, Market, Pro Forma, Controlling Shareholder, Acquisition, Securities Analysts, Pro Forma Net, Quarterly Conference, Portfolio Managers, Securities Exchange Act, Building Blocks, Projected Earnings, Possession, Institutional Investors, Prospects , ContentID: 120252029

Case Documents

COMPLAINT
[ see first page and extracted highlights below ] ItemID: 126632

46 pages
PDF

Total Documents: 1 document , 46 pages

Price: $ 19.95

IVESLCD01 KGI0001

1 . COMPLAINT

EXTRACTED KEY WORDS

CLASS PERIOD
PUBLICLY TRADED SECURITIES
UNIPHASE STOCK
OFFICER
NETWORKS
GROWTH
DEMAND
DEFENDANTS
UNIPHASE CORPORATION
UNDISCLOSED ADVERSE INFORMATION
SHARES
CUSTOMERS
SALES
BUSINESS
MARKET
PRO FORMA
CONTROLLING SHAREHOLDER
ACQUISITION
SECURITIES ANALYSTS
PRO FORMA NET
QUARTERLY CONFERENCE
PORTFOLIO MANAGERS
PLAINTIFF
SECURITIES EXCHANGE ACT
BUILDING BLOCKS
PROJECTED EARNINGS
POSSESSION
INSTITUTIONAL INVESTORS
PROSPECTS

 1 Joseph J. Tabacco, Jr. (75484)
      Jennifer S. Abrams (178203)
 2 BERMAN DEVALERIO PEASE
        TABACCO BURT & PUCILLO
 3 425 California Street
      Suite 2025
 4 San Francisco, CA 94104-2205
      Tel: 415/433-3200
 5 Fax: 415/433-6382
 6 Steven J. Toll
      COHEN, MILSTEIN, HAUSFELD
 7  & TOLL, P.L.L.C.
      1100 New York Avenue
 8 West Tower, 5th Floor
      Washington, D.C.  20005
 9 Tel: 202/408-4600
      Fax: 202/408-4699
10 Attorneys for Plaintiff Gary T. Grabar
11

12                                   UNITED STATES DISTRICT COURT
13                                NORTHERN DISTRICT OF CALIFORNIA
14  _____________________________________ )              No.
15 GARY T. GRABAR, On Behalf of Himself           )
      and All Others Similarly Situated,          )      CLASS ACTION
16                                                )
                            Plaintiff,            )      COMPLAINT FOR VIOLATION OF
17                                                )      THE FEDERAL SECURITIES
      vs.                                         )      LAWS
18                                                )
      JDS UNIPHASE CORPORATION, JOZEF             )
19 STRAUS, KEVIN KALKHOVEN,                       )      JURY TRIAL DEMANDED
      ANTHONY R. MULLER, DAN E. PETTIT,           )
20 CHARLES J. ABBE, ZITA M. COBB,                 )
      JOSEPH IP, FREDERICK LEONBERGER,            )
21 MICHAEL C. PHILLIPS, DONALD R.                 )
      SCIFRES and THE FURUKAWA ELECTRIC )
22 CO., LTD.,                                     ))
23                          Defendants.           )
      ______________________________________ )
24

25

26
27
28

      COMPLAINT FOR VIOLATION OF THE FEDERAL SECURITIES LAWS                           1

SNIPPETS:

10 Attorneys for Plaintiff Gary T. Grabar

publicly traded securities of JDS Uniphase Corporation

and directors and its controlling shareholder for violations of the Securities Exchange Act

Uniphase Corporation and JDS FITEL on 6/30/99.

10 Uniphase stock so that the Company could make acquisitions using its inflated stock as

15 Defendants represented that they had outstanding visibility, including demand for its

17 whose job it was to monitor customers and their inventory levels and, as a result, JDS

25 of the Company) and its controlling shareholder took advantage of the inflation,

of 25.2 million shares of their JDS Uniphase stock for proceeds of $2.1 billion.

lower than the Class Period high of $146.32.

F02 loss of $2.13 billion on sales of only $286 million, or 69% lower than in the 2ndQ F01.