In Re Redback Networks, Inc. Securities Litigation 03-CV-05642

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In Re Redback Networks, Inc. Securities Litigation 03-CV-05642 Case 5:03-cv-05642-JF Document 264 Filed 07/13/2007 Page 1 of 3 1 TERRY T. JOHNSON, State Bar No. 121569 STEVEN D. GUGGENHEIM, State Bar No. 201386 2 KRISTIN A. DILLEHAY, State Bar No. 187257 CAMERON P. HOFFMAN, State Bar No. 229316 3 WILSON SONSINI GOODRICH & ROSATI Professional Corporation 4 650 Page Mill Road Palo Alto, CA 94304-1050 5 Telephone: (650) 493-9300 Facsimile: (650) 565-5100 6 Email: [email protected] 7 Attorneys for Defendants KEVIN A. DENUCCIO, PIERRE R. LAMOND, 8 THOMAS L. CRONAN III, VINOD KHOSLA, DENNIS P. WOLF, VIVEK RAGAVAN, 9 DENNIS L. BARSEMA, GAURAV GARG, WILLIAM H. KURTZ, CRAIG GENTNER, 10 PROMOD HAQUE and RANDALL KRUEP 11 12 UNITED STATES DISTRICT COURT 13 NORTHERN DISTRICT OF CALIFORNIA 14 SAN JOSE DIVISION 15 16 IN RE: CASE NO.: C 03-05642 JF (HRL) 17 REDBACK NETWORKS, INC. SECURITIES DECLARATION OF KRISTIN A. LITIGATION. DILLEHAY IN SUPPORT OF 18 REDBACK DEFENDANTS' MOTION TO DISMISS FIFTH 19 AMENDED CONSOLIDATED COMPLAINT 20 This Document Relates to: CLASS ACTION 21 ALL ACTIONS. Date: September 19, 2007 22 Time: 9:00 a.m. Courtroom: 3 23 Judge: Hon. Jeremy Fogel 24 25 26 27 28 DECL. OF KRISTIN A. DILLEHAY IN SUPPORT OF C:\NrPortbl\PALIB 1 \MSTI\3150426 1.DOC MOT. TO DISMISS, CASE No. C 03-05642 JF (HRL) Case 5:03-cv-05642-JF Document 264 Filed 07/13/2007 Page 2 of 3 1 I, Kristin A. Dillehay, declare as follows: 2 I am an attorney at the law firm of Wilson Sonsini Goodrich & Rosati, Professional 3 Corporation, counsel to defendants Kevin A. DeNuccio, Pierre R. Lamond, Thomas L. Cronan 4 III, Vinod Khosla, Dennis P. Wolf, Vivek Ragavan, Dennis L. Barsema, Gaurav Garg, William 5 H. Kurtz, Craig Gentner, Promod Haque and Randall Kruep (collectively, "Defendants ) in the 6 above-captioned action. I am licensed to practice law before the Courts of the State of California 7 and this Court. I have personal knowledge of the facts set forth herein and, if called as a witness, 8 I would testify competently thereto. 9 1. Attached hereto as Exhibit A is a true and correct copy of a chart of historical daily 10 Redback stock prices from November 26, 1999 to November 24, 2003. 11 2. Attached hereto as Exhibit B is a true and correct copy of a redlined version of 12 Plaintiffs' Fifth Amended Consolidated Complaint, which Plaintiffs submitted to the Court and 13 to counsel for Defendants on June 1, 2007. 14 3. Attached hereto as Exhibit Cis a true and correct copy of a March 11, 2002 Qwest 15 Communications International Inc. press release entitled, "Qwest Communications Receives 16 Informal Inquiry From SEC. 17 4. Attached hereto as Exhibit D is a true and correct copy of In re YeriSign Corp. Sec. 18 Litig., No. C 02-02270, slip op. (N.D. Cal. Apr. 6, 2006). 19 5. Attached hereto as Exhibit E is a true and correct copy of the Common Stock Warrant 20 of Siara Systems, Inc., as submitted to the Court on or about November 8, 2004, by former 21 defendant Marc B. Weisberg. 22 6. Attached hereto as Exhibit F is a true and correct copy of Stuart M. Grant & Megan 23 D. McIntyre, Class Certification and Section 18 ofthe Exchange Act, 35 The Review of 24 Securities & Commodities Regulation: An Analysis of Current Laws & Regulations Affecting 25 the Securities & Futures Industries (2002). 26 7. Attached hereto as Exhibit G is a true a correct copy of Stuart M. Grant, The 27 Institutional Investor's Silver Bulletfor Financial Fraud - Section 18, 1136 PLI/Corp 377 28 (1999). DECL. OF KRISTIN A. DILLEHAY IN SUPPORT OF -1- C:\NrPortb1\PALIB1\MSTI\31504261.DOC MOT. TO DISMISS, CASE No. C 03-05642 JF (HRL) Case 5:03-cv-05642-JF Document 264 Filed 07/13/2007 Page 3 of 3 1 I declare under penalty of perjury under the laws of the State of California and the laws 2 of the United States of America that the foregoing is true and correct. Executed at Palo Alto, 3 California on this 13th day of July 2007. 4 5 /s/ Kristin A. Dillehay Kristin A. Dillehay 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 DECL. OF KRISTIN A. DILLEHAY IN SUPPORT OF -2- C:\NrPortbt\PALIBI\MSTI\31504261.DOC MOT. TO DISMISS, CASE No. C 03-05642 JF (HRL) Case 5:03-cv-05642-JF Document 264-2 Filed 07/13/2007 Page 1 of 38 EXHIBIT A Case 5:03-cv-05642-JF Document 264-2 Filed 07/13/2007 Page 2 of 38 Redback Networks, Inc. Stock Chart (Daily) Period: November 26, 1999 - November 24, 2003 Date Open High Low Close Volume Adj. Close* 26-Nov-99 141.14 142.26 134.51 136.51 190,500 4982.75 29-Nov-99 138.2 155.02 135.01 150.02 1,721,000 5475.55 30-Nov-99 159.02 159.33 136.01 139.95 1,258,600 5108.23 1-Dec-99 140.64 146.01 137.01 143.14 612,600 5224.59 2-Dec-99 146.51 152.45 142.76 152.02 599,200 5548.55 3-Dec-99 154.64 155.52 149.01 153.02 819,400 5585.06 6-Dec-99 154.52 160.52 146.01 150.02 554,800 5475.55 7-Dec-99 154.52 154.95 147.39 151.14 463,900 5516.61 8-Dec-99 152.14 157.14 151.08 154.02 790,600 5621.56 9-Dec-99 157.2 159.02 146.01 150.02 415,600 5475.55 10-Dec-99 152.02 154.02 148.64 153.95 578,800 5619.28 13-Dec-99 154.08 155.02 148.01 153.52 183,500 5603.31 14-Dec-99 154.95 154.95 140.26 140.51 485,800 5128.76 16-Dec-99 141.51 148.14 139.51 143.89 328,200 5251.96 17-Dec-99 146.2 147.26 142.39 145.45 164,600 5309 20-Dec-99 146.01 146.01 134.01 136.89 471,200 4996.44 21-Dec-99 138.7 139.01 134.01 137.83 515,400 5030.66 22-Dec-99 137.01 163.14 134.14 162.02 843,600 5913.59 23-Dec-99 162.52 170.02 151.89 162.02 718,100 5913.59 27-Dec-99 164.77 173.02 158.02 171.7 360,600 6267.22 28-Dec-99 172.52 179.33 168.39 176.02 522,800 6424.64 29-Dec-99 176.02 185.39 171.02 181.64 351,500 6629.97 30-Dec-99 184.58 187.02 172.02 173.83 305,200 6344.79 31-Dec-99 176.02 178.89 173.02 177.52 256,000 6479.4 3-Jan-00 193.02 195.02 179.27 182.02 538,200 6643.66 4-Jan-00 179.58 181.96 163.52 170.02 233,600 6205.62 5-Jan-00 169.7 176.08 158.77 176.08 424,900 6426.92 (':ANrPortbl \PALIBI \KMB\2662610 2.DOC I -- Case 5:03-cv-05642-JF Document 264-2 Filed 07/13/2007 Page 3 of 38 Redback Networks, Inc. Stock Chart (Daily) Period: November 26, 1999 - November 24, 2003 Date Open High Low Close Volume Adj. Close* 6-Jan-00 176.64 180.02 161.02 162.02 294,200 5913.59 7-Jan-00 159.02 170.02 157.02 166.2 362,000 6066.45 10-Jan-00 175.83 192.02 171.64 189.58 550,800 6919.72 11-Jan-00 190.64 191.52 183.02 186.96 520,000 6823.9 12-Jan-00 187.52 200.52 180.02 197.02 487,200 7191.22 13-Jan-00 201.77 203.27 181.89 192.46 515,700 7024.67 14-Jan-00 196.77 200.02 192.89 199.14 265,900 7268.79 18-Jan-00 200.39 214.02 199.46 210.4 481,500 7679.46 19-Jan-00 214.4 215.02 200.02 206.02 317,500 7519.75 20-Jan-00 204.02 209.15 183.52 200.15 1,255,200 7305.29 21-Jan-00 202.65 217.15 201.02 205.02 658,400 7483.25 24-Jan-00 209.15 210.02 197.77 199.77 702,800 7291.61 25-Jan-00 199.89 209.02 198.02 201.27 510,400 7346.36 26-Jan-00 199.02 212.02 198.64 205.77 734,600 7510.63 27-Jan-00 212.65 213.51 203.15 206.08 348,100 7522.03 28-Jan-00 202.02 204.02 185.02 190.52 649,400 6953.95 31-Jan-00 192.21 193.77 173.77 186.21 388,600 6796.52 1-Feb-00 190.83 191.77 177.02 184.27 288,600 6725.8 2-Feb-00 187.14 195.39 183.14 186.33 300,000 6801.09 3-Feb-00 190.27 197.02 189.02 192.64 497,400 7031.52 4-Feb-00 195.77 202.02 193.64 199.02 618,000 7264.23 7-Feb-00 204.77 215.02 202.02 213.27 540,800 7784.4 8-Feb-00 216.27 222.02 205.02 205.02 457,800 7483.25 9-Feb-00 209.15 215.96 201.02 208.52 323,700 7611.01 10-Feb-00 208.52 225.65 205.9 223.02 392,900 8140.32 11-Feb-00 226.02 229.52 213.15 215.52 235,300 7866.54 14-Feb-00 218.02 220.52 208.52 213.02 158,800 7775.28 (':'NrPorthl\PALLBI \KMB\2662610 2.DOC 2 -- Case 5:03-cv-05642-JF Document 264-2 Filed 07/13/2007 Page 4 of 38 Redback Networks, Inc.
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