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GLEN HUBBARD v AMDOCS LIMITED Click to find out why . . .



Keywords & Phrases
CaseNo: GHVAL141049, CourtName: MISC 3, Plaintiff: GLEN HUBBARD, UniqueCaseRef: LCD>GHVAL141049, Amdocs, Market, Class Period, Tie, Growth, Prices, Reports, Exchange Act, Revenue, Securities, Inflated Prices, Class Action, Market Conditions, Net Income, Acquisition, Allegations, Common Stock, Acquisition-related Charges, Misleading, Related Tax Effects, Growth Despite Deteriorating, Materially False, Billing Systems, Individual Defendants, Communications, As-reported Net Income, Crm , ContentID: 120252935

Case Documents
1 2002-06-20 COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 128734
28 pages
PDF
Total Documents: 1 document , 28 pages
Price: $ 19.95


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1 . COMPLAINT

EXTRACTED KEY WORDS
DEFENDANTS
MARKET
BUSINESS
CLASS PERIOD
TIE
GROWTH
PLAINTIFF
PRICES
REPORTS
EXCHANGE ACT
REVENUE
SECURITIES
INFLATED PRICES
CLASS ACTION
MARKET CONDITIONS
NET INCOME
ACQUISITION
ALLEGATIONS
COMMON STOCK
ACQUISITION-RELATED CHARGES
MISLEADING
RELATED TAX EFFECTS
GROWTH DESPITE DETERIORATING
MATERIALLY FALSE
BILLING SYSTEMS
INDIVIDUAL DEFENDANTS
COMMUNICATIONS
AS-REPORTED NET INCOME
CRM
                                  UNITED  STKJXS  DISTRICT' COURT                    m&
                                   EASTERN  DISTRICT  OF h4lSSOUFU
                                             EASTERN  DIVISION




                           Plaintiff,
                                                          >        Cause No.
V.                                                        \
                                                         .i        JURY  TRvIAL DEMANDED
AMDOCS  LIMTED,  BRUCE  k.  ANDERSOh:,                    >
ROBERT PI. MXNUCCI,  AVINNM                   NAO'K,     )
and DOVBtiWY,

                           Defendants.                   >
                                                  -1

                           PLAMTLFF'S  CLASS  ACTION  CBMPLAJMT

        Plaintiff  makes the following  allegations upon Mormati,on and belief, except as to

allegations speci.fica.Uy pertking  to pl.aintiff aud his counsel, based on tie  facts alleged

which are predicated upon the investigation undertaken by plaintiff's  counsel, whose

investigation included analysis ofpublicly-availsble  news articles and reports, public filings,

press releases and otbzr matters oFpublic record. Plaintiffbelieves  that further substantial

evidentiary support will  exist far the allegations set: forth below  after a reasonable opportunity

for discovery,

                                          NATUREO%THEACTION

        1.         This is a class action on behalf of all purclxtsers of the common stock of Amdocs

Limircd  ("Amdocs"  or the "`Company") between July 18,,2000, and June 20,2002, inclusive,

(the "Class Period"), seeking to pursue remedies under the Securities Exchange Act  of 1934 &he

"Exchange Act").


         2.      During  the Class Period,  defendants issued a series of  press releases touting 

 tZompany's  "record"  finaucinl  resu,lts, and continued  revenu,e growth  despite deteriorating

SNIPPETS:
  • Plaintiff makes the following allegations upon Mormati,on and belief, except as to
  • Limircd ("Amdocs" or the "`Company") between July 18,,2000, and June 20,2002, inclusive,
  • seeking to pursue remedies under the Securities Exchange Act of 1934 &he
  • defendants issued a series of press releases touting the
  • tZompany's "record" finaucinl resu,lts, and continued revenu,e growth despite deteriorating
  • market conditions.
  • Class Period at artiI!icially inflated prices, Amdocs's business and financizil condition were
  • mar~fp~ace that tvhiIe market conditions were tough,
  • loser in percentage terms on tie New York Stock Exchange.
  • 1337 and 1367 and Section 27 ofthe Exchange Act.
  • of business that operated as a fraud or deceit on purchasers of Amdocs common stock,
  • dissemin.ating materially false and misleading;
  • Excluded from the Class are defendants, members of the immediate family of each of the
  • A class action is superior to all other available methods for the ftir and efficient
  • Arndocs Limited today reported that for the third quarter ended June 30,2000, revenue reached
  • The acquisition-related charges derive prim.arily from the acquisition of Salect Technology
  • These charges include wrire-off of purchased in-process research and development,
  • As a resuk of the acquisition-related charges, the Company's as-reported results showed a net
  • As the world's leader in customer care and billing systems, Amdocs is uniquely positioned to
  • The Company's as-reported net income, which includes acquisition-rel,ated charges of
  • "leading CRM vendor" for $200 million.
  • As a result of these materially false and misl.eading statements and failers
  • and in public reports abouT and press releases issued by the Company were false products
  •    |