BigBand's Sour Notes

Medford, Cassimir
December 2007
Red Herring;12/1/2007, Vol. 4 Issue 30, p18
Trade Publication
The article deals with the shareholder lawsuit filed against video switch maker BigBand Networks. The class action suit, filed in U.S. District Court in Northern California, alleges that the company knew its switches required significant software customization, but failed to disclose that in its initial public offering filing. The suit also charges that BigBand shipped excess amounts of TelcoTV inventory to customers such as Verizon which reduced future demand for its products.


Related Articles

  • IPOs fuel upswing in shareholder suits. Ceniceros, Roberto // Business Insurance;8/27/2001, Vol. 35 Issue 35, p6 

    Reports on the dramatic rise in shareholder class-action lawsuits in the United States in 2001, driven by a rise in investors suing investment banks for their handling of initial public offerings. Analysis by PricewaterhouseCoopers LLP; Rise in allegations of accounting fraud.

  • A severe case of rising settlements. Meyer, Scott; Zacharias, Carol A. N. // Directors & Boards;2011 2nd Quarter, Vol. 35 Issue 3, p16 

    The article focuses on the increase in the filings of securities class actions in the U.S. It contends that the increase in securities class filings is a consequent increase of other types of actions such as derivative actions, which has increased to 39 percent from 2009-2010. It adds that the...

  • New directive action may lead to increased claims against directors.  // Credit Control;2007, Vol. 28 Issue 4/5, p92 

    The article provides information on the new statutory framework for derivative actions under the Companies Act 2006 in Great Britain. The new provisions widen the scope of such actions and have the potential to increase claims against directors. In particular, this new directive action allows...

  • Settlements shrinking. Zolkos, Rodd // Business Insurance;9/18/95, Vol. 29 Issue 38, p80 

    Presents results of the study `Recent Trends III: What Explains Settlement in Shareholder Class Actions?,' conducted by the National Economic Research Association Inc. Average cost of settlement; Increases in plaintiffs attorneys fees; Settlement of class-action claims involving common stocks.

  • Lee v. Engle no. 13,323 Frank v. Engle no. 13,284.  // Delaware Journal of Corporate Law;1996, Vol. 21 Issue 2, p709 

    Presents the cases `Lee v. Engle' and `Frank v. Engle,' about a shareholder derivative claim and a class action suit filed at the Court of Chancery of the State of Delaware. Contention of parties and the court's finding; Defendant's attempt to use the attorney-client privilege; Court's findings...

  • Understanding Current Trends in U.S. Securities Class Actions. Granof, Perry S.; Gassman, Gary L. // Brief;Winter2009, Vol. 38 Issue 2, p56 

    The article examines class action lawsuits on securities fraud charges. Such actions declined consistently from 1998-2007, but the financial crisis is expected to result in an increase in actions. Efforts of the U.S. Securities & Exchange Commission (SEC) and Department of Justice to enforce...

  • Shareholder Suits. Jones, Thomas M. // California Management Review;Summer81, Vol. 23 Issue 4, p77 

    The article assesses the legal hazards that corporate executives in the U.S. face in connection with shareholder derivative and class action lawsuits. The author discusses the incidence of shareholder lawsuits in the U.S. and presents an examination of complaints raised by...

  • Canadians Take Lessons from Masters of Securities Actions. Fitz-James, Michael // Corporate Legal Times;Feb2000, Vol. 10 Issue 99, p85 

    Reports on the upswing of interest in the securities class action business in Canada. Factors that make shareholder class actions seem like a popular legal recourse; Increase in number of litigators in Canada that are taking crash courses on United States securities law; Clampdown on a statute...

  • Cendant, investors settle lawsuit.  // Hotel & Motel Management;04/05/99, Vol. 214 Issue 6, p94 

    Reports on the settlement of a class-action shareholders' lawsuit filed against Cendant Corp. Discovery of accounting irregularities in April 1998; Non-cash settlement stipulating that the company will not changes its reported after-tax charge.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics