Legal Opinion
In re Emulex Corp. Securities Litigation
District Court, C.D. California
Decided September 30, 2002No. CIV.01-0219-GLTPublishedCited by 11 opinions
1Opinion of the Court
ORDER GRANTING PLAINTIFFS’ MOTION FOR CLASS CERTIFICATION
TAYLOR, District Judge.
Plaintiffs’ Motion for Class Certification is GRANTED.
I. BACKGROUND
In December 2000 and January 2001, Em-ulex Corporation announced increased earnings for the quarter and the 2001 fiscal year. From mid-January until early February (“Class Period”), Emulex assured the market it was on target to meet its higher projections. Emulex’s stock price increased significantly when these statements were made.
Plaintiffs claim Emulex knew these statements were false because they were made after several Emulex customers delayed…
2Cases cited14 opinions
- Amchem Products, Inc. v. WindsorSupreme Court of the United States · 1997
- David Hanon v. Dataproducts Corporation Jack C. DavisCourt of Appeals for the Ninth Circuit · 1992
- In Re General Motors Corporation Pick-Up Truck Fuel Tank Products Liability Litigation. Jack French, Robert M. West, Charles E. Merritt, Gary Blades, Dawn and Tracey Best, Gary and Jackie Barnes, Betty Marteny, John and Mary Southands, Edmund Berning, Dale W. Plummer, Edmund and Anneta Casey, John and Connie Yonki, Carl and Kathryn Corona, Dallas and Patricia Nelson, Mynard and Mildred Duncan, Kirby L. Stegman, Dewayne Anderson, Morris and Barbara Betzold, in No. 94-1064. Rudolph Jenkins, William D. Cunningham, Mather Johnson, Forrest Charles Ginn, Buren William Jones and Martin D. Parkman, in No. 94-1194. Parish of Jefferson, in No. 94-1195. The State of New York, in No. 94-1198. Elton Wilson, Individually, and Frank I. Owen, Individually and on Behalf of the Residents of the State of Alabama, in No. 94-1202. City of New York, in No. 94-1203. Betty Youngs, Barbara Phillips, Margaret Engel, Larry Swope, Robbin Maxwell and Center for Auto Safety, in No. 94-1207. Betty Youngs, Barbara Phillips, Margaret Engel, Larry Swope, Robbin Maxwell and Center for Auto Safety, in No. 94-1208. Commonwealth of Pennsylvania, Department of Transportation, in No. 94-1219Court of Appeals for the Third Circuit · 1995
- Matsushita Electric Industrial Co. v. EpsteinSupreme Court of the United States · 1996
- Fed. Sec. L. Rep. P 98,265 Fred Zeidman and Steven Youngelson v. J. Ray McDermott & Co., Inc.Court of Appeals for the Fifth Circuit · 1981
9 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- In re Live Concert Antitrust LitigationDistrict Court, C.D. California · 2007
- In re Connetics Corp. Securities LitigationDistrict Court, N.D. California · 2009
- Tanne v. Autobytel, Inc.District Court, C.D. California · 2005
- Petrie v. Electronic Game Card, Inc.District Court, C.D. California · 2015
- South Ferry LP 2 v. KillingerDistrict Court, W.D. Washington · 2011
6 more not listed; retrieve them via the Exa API.