MILBERG WEISS BERSHAD HYNES Fatbrain.com Inc.
& LERACH, LLP
One Pennsylvania Plaza
New York, New York 10119-0165
(212) 594-5300
BERNSTEIN LIEBHARD & LIFSHITZ, LLP
10 East 40th Street
New York, New York 10016
(212) 779-1414
Co-Liaison Counsel for Plaintiff
(additional counsel listed on
signature pages)
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
-----------------------------------X
MORRIS KASSIN, on behalf : 01-CV-10164 (SAS)
of himself and all others :
similarly situated, : 21 MC 92 (SAS)
:
Plaintiff, :
: CLASS ACTION COMPLAINT
-against- : FOR VIOLATIONS OF
: FEDERAL SECURITIES LAW
:
BANC OF AMERICA SECURITIES LLC, :
NEEDHAM & COMPANY, INC., US :
BANCORP PIPER JAFFRAY INC., :
FLEETBOSTON ROBERTSON STEPHENS, :
INC., CHASE H&Q (HAMBRECHT & :
QUIST LLC), MORGAN STANLEY DEAN :
WITTER & CO., INCORPORATED, CHRIS :
MACASKILL, KIM ORUMCHIAN and : JURY TRIAL DEMANDED
DONALD
P.
ALVAREZ,
:
:
Defendants. :
-----------------------------------X
Plaintiff, by and through by his attorneys, as
and for his Class Action Complaint, alleges upon personal
SNIPPETS:
One Pennsylvania Plaza New York,
BERNSTEIN LIEBHARD & LIFSHITZ, LLP
Co-Liaison Counsel for Plaintiff
SOUTHERN DISTRICT OF NEW YORK -----------------------------------X
time of the IPO, as Computer Literacy Inc., then merged
referred to herein as "Fatbrain" or the "Company") with the
Securities and Exchange Commission or disseminated to
10-K's, Form 10-Q's, proxy statements, Quarterly Reports to
the Prospectus and Registration Statement
12 and 15 of the Securities Act of
during the Class Period (including the trading
of Fatbrain stock based upon misleading information).
other wrongs complained of herein, the defendants, directly
Plaintiff purchased shares of Fatbrain as
Offering of Fatbrain shares to the public.
America, as a lead underwriter, received substantial fees
of the common stock of Fatbrain.
"Individual Defendants."
press releases alleged herein to be materially false and/or
Public Offering Price.
$ 10.00 $ 30,000,000 Underwriting discounts and commissions.
II, L.P., Needham Capital SBIC, L.P. and Needham Capital Partners II, L.P., entities
transactions in Fatbrain securities.
Federal authorities have launched an investigation examining whether Wall Street securities
regarding violations of NASD rules connected with the sale
Due to the undisclosed material facts
including, inter alia, Regulation S-K.
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