MILBERG WEISS BERSHAD HYNES GlobeSpan, 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 on
Behalf of Plaintiffs' Executive Committee
listed on signature pages
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
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COLLEGEWARE ASSET MANAGEMENT, LP, : 01-CV-10741 (SAS)
on behalf of itself and all :
others similarly situated, : 21 MC 92 (SAS)
:
Plaintiff, :
: CLASS ACTION COMPLAINT
-against- : FOR VIOLATIONS OF
: FEDERAL SECURITIES LAW
:
FLEETBOSTON ROBERTSON STEPHENS, :
INC., DONALDSON, LUFKIN & JENRETTE :
SECURITIES CORPORATION, SG COWEN :
SECURITIES CORPORATION, THOMAS :
WEISEL PARTNERS LLC, MORGAN :
STANLEY DEAN WITTER & CO., :
INCORPORATED, E*TRADE GROUP, INC. :
DLJDIRECT, INC., LEHMAN BROTHERS, :
INC., MERRILL LYNCH, PIERCE, :
FENNER & SMITH, INCORPORATED, :
PRUDENTIAL SECURITIES, :
INCORPORATED, UBS WARBURG LLC, :
JEFFERIES & COMPANY, INC., ARMANDO :
GEDAY, ROBERT MCMULLAN, JAMES :
COULTER, THOMAS EPLEY, KEITH :
GEESLIN and, JOHN MARREN, : JURY TRIAL DEMANDED
:
Defendants. :
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SNIPPETS:
One Pennsylvania Plaza New York,
BERNSTEIN LIEBHARD & LIFSHITZ, LLP
Co-Liaison Counsel for Plaintiff on
SOUTHERN DISTRICT OF NEW YORK -----------------------------------X COLLEGEWARE ASSET
INC., DONALDSON, LUFKIN & JENRETTE: SECURITIES CORPORATION, SG COWEN:
reports filed by GlobeSpan, Inc. ("GlobeSpan" or the
collectively herein as the "IPO Prospectus");
1933 (the "Securities Act") 15 U.S.C. §§ 77land 77o and
Section 27 of the Exchange Act 15 U.S.C. § 78aa.
false and misleading,
the trading of GlobeSpan stock based upon misleading
Incorporated, DLJdirect, Inc., Lehman Brothers, Merrill
other wrongs complained of herein, the defendants, directly
Plaintiff purchased shares of GlobeSpan as
9,750,000 shares1 of common stock at $5.00 per share
FleetBoston was a joint-bookrunner and a lead underwriter
involvement in the IPO and Secondary Offering of GlobeSpan
All stock and price data herein reflect the Company's 3:1 stock split that became effective
Cowen, as a lead underwriter, received substantial fees in
Defendant Jefferies & Company, Inc.
the "Individual Defendants" (except that defendant Marren
Various Registration Statements of which the IPO Prospectus
and/or misrepresented material facts about the GlobeSpan
and the underwriting discounts and commissions,
offering, according to the executives.
Regulation S-K.
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