Infineon Technologies AG Securities Litigation 04-CV-04156-Plaintiffs
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Case 5:04-cv-04156-JW Document 69-1 Filed 02/14/2006 Page 1 of 5 1 LERACH COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP 2 JOHN K. GRANT (169813) SYLVIA SUM (207511) 3 100 Pine Street, Suite 2600 San Francisco, CA 94111 4 Telephone: 415/288-4545 415/288-4534 (fax) 5 [email protected] [email protected] 6 – and – WILLIAM S. LERACH (68581) 7 655 West Broadway, Suite 1900 San Diego, CA 92101 8 Telephone: 619/231-1058 619/231-7423 (fax) 9 [email protected] 10 MURRAY, FRANK & SAILER LLP BRIAN P. MURRAY 11 ERIC J. BELFI 275 Madison Avenue, Suite 801 12 New York, NY 10016 Telephone: 212/682-1818 13 212/682-1892 (fax) 14 Co-Lead Counsel for Plaintiffs 15 [Additional counsel appear on signature page.] 16 UNITED STATES DISTRICT COURT 17 NORTHERN DISTRICT OF CALIFORNIA 18 SAN JOSE DIVISION 19 In re INFINEON TECHNOLOGIES AG ) Master File No. C-04-4156-JW SECURITIES LITIGATION ) 20 ) CLASS ACTION ) 21 This Document Relates To: ) PLAINTIFFS’ NOTICE OF SUBSEQUENT ) AUTHORITY 22 ALL ACTIONS. ) ) 23 24 25 26 27 28 Case 5:04-cv-04156-JW Document 69-1 Filed 02/14/2006 Page 2 of 5 1 Pursuant to Local Rule 7-3(d), plaintiffs’ counsel hereby brings to the Court’s attention the 2 following judicial opinions published after the date Plaintiffs’ Opposition to Defendants’ Motions to 3 Dismiss the Consolidated Complaint was served. For the Court’s convenience, copies of the 4 opinions are attached hereto. 5 1. Brumbaugh v. Wave Sys. Corp., __ F. Supp. 2d __, 2006 WL 52751, at *10 (D. Mass. 6 Jan. 11, 2006), discussing loss causation standards after Dura Pharm., Inc. v. Broudo, U.S. __ 125 7 S. Ct. 1627 (2005) and noting that Dura does not require that a corrective disclosure precede a 8 stock’s decline. Attachment A. 9 2. In re BearingPoint, Inc. Sec. Litig., ___ F.R.D. ___, 2006 WL 141667, at *10 (E.D. 10 Va. Jan. 17, 2006), discussing loss causation after Dura and noting it is Aconceivable that the 11 inflationary effect of a misrepresentation might well diminish over time, even without a corrective 12 disclosure. .” Attachment B. 13 3. In re Electronic Arts Inc. Sec. Litig., 2006 WL 27201, at *2 (N.D. Cal. Jan. 5, 2006), 14 upholding allegations of loss causation. Attachment C. 15 4. In re Enron Corp. Sec. Litig., 2005 WL 3504860 at **16-17 (S.D. Tex. Dec. 22, 16 2005), discussing loss causation standards and noting that the Supreme Court did not adopt 17 defendants’ argument in Dura that a plaintiff must allege and prove a disclosure of the fraud that was 18 followed by a price drop. Attachment D. 19 5. In re Van Der Moolen Holding N.V. Sec. Litig., __ F. Supp. 2d __, 2005 WL 20 3410763, at **10-11 (S.D.N.Y. Dec. 13, 2005), discussing a duty to disclose fact that revenue was 21 generated by illegal practices. Attachment E. 22 DATED: February 14, 2006 LERACH COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP 23 JOHN K. GRANT SYLVIA SUM 24 25 /s/ John K. Grant 26 JOHN K .GRANT 27 100 Pine Street, Suite 2600 San Francisco, CA 94111 28 Telephone: 415/288-4545 PLAINTIFFS’ NOTICE OF SUBSEQUENT AUTHORITY - C-04-4156-JW - 1 - Case 5:04-cv-04156-JW Document 69-1 Filed 02/14/2006 Page 3 of 5 1 415/288-4534 (fax) 2 LERACH COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP 3 WILLIAM S. LERACH 655 West Broadway, Suite 1900 4 San Diego, CA 92101 Telephone: 619/231-1058 5 619/231-7423 (fax) 6 MURRAY, FRANK & SAILER LLP BRIAN P. MURRAY 7 ERIC J. BELFI 275 Madison Avenue, Suite 801 8 New York, NY 10016 Telephone: 212/682-1818 9 212/682-1892 (fax) 10 Co-Lead Counsel for Plaintiffs 11 TILP RECHTSANWALTE PLLC ALEXANDER REUS 12 100 SE Second Street, Suite 2610 Miami, FL 33131 13 Telephone: 786/235-5000 786/235-5005 (fax) 14 Additional Counsel for Plaintiffs 15 T:\CasesSF\Infineon Techs\MIS00028011.doc 16 17 18 19 20 21 22 23 24 25 26 27 28 PLAINTIFFS’ NOTICE OF SUBSEQUENT AUTHORITY - C-04-4156-JW - 2 - Case 5:04-cv-04156-JW Document 69-1 Filed 02/14/2006 Page 4 of 5 1 CERTIFICATE OF SERVICE 2 I hereby certify that on February 14, 2006, I electronically filed the foregoing with the Clerk 3 of the Court using the CM/ECF system which will send notification of such filing to the e-mail 4 addresses denoted on the attached Electronic Mail Notice List, and I hereby certify that I have 5 mailed the foregoing document or paper via the United States Postal Service to the non-CM/ECF 6 participants indicated on the attached Manual Notice List. 7 I further certify that I caused this document to be forwarded to the following designated 8 Internet site at: http://securities.lerachlaw.com/. 9 s/ John K. Grant 10 JOHN K. GRANT 11 LERACH COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP 12 100 Pine Street, Suite 2600 San Francisco, CA 94111 13 Telephone: 415/288-4545 415/288-4534 (fax) 14 E-mail:[email protected] 15 16 17 18 19 20 21 22 23 24 25 26 27 28 CAND-ECF Page 1 of 1 Case 5:04-cv-04156-JW Document 69-1 Filed 02/14/2006 Page 5 of 5 Mailing Information for a Case 5:04-cv-04156-JW Electronic Mail Notice List The following are those who are currently on the list to receive e-mail notices for this case. z z Patrick J. Coughlin [email protected] [email protected];[email protected] z John K. Grant [email protected] [email protected];[email protected] z William S. Lerach [email protected] [email protected] z Mia A. Mazza [email protected] [email protected];[email protected];[email protected] z Darren J. Robbins [email protected] [email protected] Manual Notice List The following is the list of attorneys who are not on the list to receive e-mail notices for this case (who therefore require manual noticing). You may wish to use your mouse to select and copy this list into your word processing program in order to create notices or labels for these recipients. z (No manual recipients) https://ecf.cand.uscourts.gov/cgi-bin/MailList.pl?757519260208177-L_293_0-1 2/14/2006 Attachment A Page 2 of 1 6 --- F.Supp.2d ---- Page 1 --- F.Supp .2d ----, 2006 WL 52751 (D .Mass .) (Cite as : --- F.Supp .2d ----) John E. Bagalay, Jr., Steven K. Sprague, Briefs and Other Related Documents Defendants . Only the Westlaw citation is currently available . John C. Martland, Maitland & Brooks LLP, United States District Court, D. Massachusetts . Saugus, for Anne Braumbaugh, Gary L . Harmon, Anne BRUMBAUGH, et al, Plaintiffs Randy K. Griffin, Plaintiffs . V. David Pastor, Gilman and Pastor, LLP, Boston, for WAVE SYSTEMS CORPORATION , et al., Candy M. Sousa, Alvin Chess, H . Martin Bohman, Defendants Jack Schulman, Jimmy Suo, Michael Vicker, Rafat No. CIV .A.04-30022-MAP. Dawod, Yosef Streicher, Anne Braumbaugh, Gary L. Harmon, Randy K. Griffin, Plaintiffs . Jan. 11, 2006. Karen Reilly, Schiffrin & Barroway, LLP, Radnor, PA, for Anne Braumbaugh, Gary L . Harmon, Randy K. Griffin, Plaintiffs . Stuart L. Berman, Schiffrin & Barroway LLP, Bala Raquel J . Webster, Bingham McCutchen LLP, Cynwyd, PA, for Alvin Chess, Candy M. Sousa, H. Boston, for Wave Systems Corporation, Gerard T . Martin Bohman, Jack Schulman, Jimmy Suo, Feeney, John E. Bagalay, Jr., Steven K. Sprague, Michael Vicker, Rafat Dawod, Yosef Streicher, Defendants . Consolidated Plaintiffs . Marc I. Willner, Schiffrin & Barroway, LLP, Michael D. Blanchard, Bingham McCutchen Radnor, PA, for Anne Braumbaugh, Gary L . LLP-Hartford, Hartford, CT, for Wave Systems Harmon, Randy K . Griffin, Plaintiffs . Corporation, Gerard T . Feeney, John E . Bagalay, Jean Marc Zimmerman, Zimmerman, Levi & Jr., Steven K. Sprague, Defendants. Korsinsky, LLP, Westfield, NJ, for Candy M . Jeffrey C Block, Berman DeValerio Pease Tabacco Sousa, Plaintiff. Burt & Pucillo, Boston, for Candy M . Sousa, Plaintiff. MEMORAND UM AND ORDER REGARDING Robert A. Buhlman, Bingham McCutchen LLP, DEFENDANTS' MOTION TO DISMISS (Docket Boston, for Wave Systems Corporation, Gerard T. No. 58) Feeney, John E . Bagalay, Jr ., Steven K . Sprague, Defendants . PONSOR, D .J. Darren Check, Schiffrin & Barroway, LLP, Bala Cynwyd, PA, for Alvin Chess, Candy M. Sousa, H. 1. INTRODUCTIO N Martin Bohman, Jack Schulman, Jimmy Suo, Michael Vicker, Rafat Dawod, Yosef Streicher, *1 This is a class action brought by Plaintiffs on Consolidated Plaintiffs . behalf of all persons who acquired the common Nancy F . Gans, Moulton & Gans, PC, Boston, for stock of Wave Systems Corporation ("Wave" or " Candy M. Sousa, Ron Rogers, Steve Alvarez, the Company") between July 31, 2003 and Plaintiffs. December 18, 2003, allegedly misled by nine Peter A . Lagorio, Gilman and Pastor, LLP, Saugus, misrepresentations that violated Sections 10(b) and for Candy M . Sousa, Alvin Chess, H. Martin 20(a) of the Securities and Exchange Act of 1934 Bohman, Jack Schulman, Jimmy Suo, Michael and Rule l0b-S . FN1 Defendants are Wave, its Vicker, Rafat Dawod, Yosef Streicher, President and Chief Executive Officer, Steven K . Consolidated Plaintiffs . Sprague, and its Senior Vice President, Chief Eunice E . Lee, Bingham McCutchen LLP, Boston, Financial Officer and Secretary, Gerard K. Feeney; for Wave Systems Corporation, Gerard T . Feeney, FN2 they have moved to dismiss the consolidate d © 2006 Thomson/West. No Claim to Orig . U.S. Govt. Works. http://print.westlaw.com/delivery.html?dest=atp&format=HTMLE&dataid=B 005 5 800000 ... 2/13/2006 Page 3 of 1 6 --- F.Supp.2d ---- Page 2 --- F.Supp.2d ----, 2006 WL 52751 (D .Mass.) (Cite as: --- F.Supp .2d ----) amended complaint on numerous grounds .