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_______________
Copyright (c) 2001
Stanford Law School


Credit Suisse First Boston Corp. : Various Technology Companies' Securities
Summary: According to a Press Release dated March 7, 2003, the complaint alleges that defendants violated federal and state securities, committed common law fraud, and made negligent misrepresentations by the following:

Specifically the complaint alleges that Credit Suisse First Boston Corporation and its employees (collectively hereinafter, 'CSFBC') allegedly pursued a conspiracy and acted in concert with each of the Companies and their above listed employees (collectively, the 'Company Defendants'), in furtherance of a common plan, scheme, or design to manipulate each Company's stock price, so that, inter alia, they could each profit from the manipulations. CSFBC was the nexus and central actor in the conspiracy, allegedly engaged in this fraudulent scheme as part of its regular course of business, and separately involved each of the Company Defendants in the alleged unlawful practices.

The press release says that the alleged fraud, in its essence, has two components: First, CSFBC and each Company Defendant effectuated an initial public offering ('IPO') for each Company at a per-share offering price that was knowingly inaccurate. In addition, the sales staff of Credit Suisse First Boston and/or Credit Suisse First Boston Corporation made disclosures of the fact of the inaccuracy of the IPO pricing to only selected members of the investing public. Second, CSFBC and each Company Defendant allegedly knowingly disseminated false expectations about the Company's prospective financial performance, including false reports of the Company's expected revenues and earnings.

The fraudulent statements arose in several instances, but principally in each Company's IPO prospectus and in the research reports published by CSFBC about that Company during the class period indicated above for each Company. Each Company's IPO prospectus contained statements listing principal factors considered in determining the public offering price. These statements omitted to state the material facts of the inaccurate pricing and the sales staff disclosures indicated above.

CSFBC published research reports for each Company that contained statements discussing the forecasted revenues and earnings for that Company, including a projected income statement for that Company. These statements failed to reveal, however, the material fact that the forecasted quarterly and annual revenues were set by the Company Defendants and CSFBC with the end of creating the appearance of unpredictable revenue growth. Those statements were misleading since they purported to accurately present the objective beliefs of their authors.

The class consists of shareholders who purchased or otherwise acquired the common stock (but excluding purchasers of each company's initial public offering) of any of the following companies during the following time periods:

Issuer
Ticker
Class Period
Start Date
Class Period
End Date
Accelerated Networks, Inc.
ACCL
6/23/2000
1/8/2001
Airspan Networks, Inc.
AIRN
7/20/2000
1/31/2001
@Road, Inc.
ARDI
9/29/2000
2/15/2001
AvantGo Inc.
AVGO
9/27/2000
7/24/2001
Autoweb.com, Inc.
AWEB
3/23/1999
7/20/2000
Bsquare Corp.
BSQR
10/20/1999
7/6/2001
CacheFlow, Inc.
CFLO
11/19/1999
1/31/2001
Clarent Corp.
CLRN
7/1/1999
4/19/2001
Commerce One, Inc.
CMRC
7/1/1999
4/4/2001
Corillian Corp.
CORI
4/12/2000
4/25/2001
Centillium Communications
CTLM
5/24/2000
5/11/2001
Digital Impact, Inc
DIGI
11/23/1999
1/31/2001
e Machines, Inc.
EEEE
3/24/2000
6/19/2000
Efficient Networks, Inc.
EFNT
7/15/1999
1/2/2001
E.piphany, Inc.
EPNY
9/22/1999
3/2/2001
Evolve Software, Inc.
EVLV
8/10/2000
4/24/2001
Handspring, Inc.
HAND
6/21/2000
3/27/2001
ImproveNet, Inc.
IMPV
3/16/2000
7/28/2000
Informatica Corp.
INFA
4/29/1999
7/2/2001
InterNAP Network Services Corp.
INAP
9/29/1999
3/6/2001
iPrint.com, Inc.
IPRT
3/8/2000
10/16/2000
Intraware
ITRA
2/26/1999
9/25/2000
InterTrust Technologies
ITRU
10/27/1999
6/27/2000
Interwoven, Inc.
IWOV
10/8/1999
4/18/2001
Luminent, Inc.
LMNE
11/10/2000
7/5/2001
Lante Corp.
LNTE
2/11/2000
10/3/2000
VA Linux Systems
LNUX
12/9/1999
11/6/2000
Lightspan Partnership Inc.
LSPN
2/10/2000
8/16/2000
McData Corp.
MCDT
8/9/2000
3/9/2001
MultiLink Technology Corp.
MLTC
6/21/2001
10/23/2001
MP3.COM Inc.
MPPP
7/21/1999
10/19/2000
Numerical Technologies
NMTC
4/7/2000
1/16/2002
New Focus Inc.
NUFO
5/18/2000
3/5/2001
Novatel Wireless Inc.
NVTL
11/16/2000
3/28/2001
Onvia.com Inc.
ONVI
3/1/2000
12/19/2000
Onyx Software Corp.
ONXS
2/12/1999
1/31/2001
Razorfish Inc.
RAZF
4/27/1999
10/5/2000
Retek Inc.
RETK
11/18/1999
4/19/2001
ScreamingMedia Inc.
SCRM
8/3/2000
2/8/2001
Silicon Image
SIMG
10/6/1999
10/18/2000
Selectica Inc.
SLTC
3/10/2000
3/2/2001
Simplex Solutions Inc.
SPLX
5/2/2001
10/23/2001
Support.com Inc.
SPRT
7/19/2000
4/18/2001
Tanning Technology Corp.
TANN
7/23/1999
7/5/2000
Tickets.com
TIXX
11/4/1999
6/26/2000
Tumbleweed Communications Corp.
TMWD
8/6/1999
10/18/2000
Triton Network Systems
TNSI
7/13/2000
11/14/2000
Viant Corp.
VIAN
6/18/1999
8/31/2000
Vitria Technology Inc.
VITR
9/17/1999
1/30/2001
Virata Corp.
VRTA
11/17/1999
10/26/2000


INDUSTRY CLASSIFICATION:
SIC Code:  6211
Sector:  Financial
Industry: Investment Services


COMPANY/ISSUER NAME: Credit Suisse First Boston Corp.
COMPANY/ISSUER TICKER: CSR
COMPANY WEBSITE: http://www.csfb.com/

FIRST IDENTIFIED COMPLAINT IN THE DATABASE
Amy Liu, et al. v. Credit Suisse First Boston Corp., et al.
 COURT: S.D. Florida  DOCKET NUMBER: 03-CV-20459
 JUDGE NAME: Dube
 DATE FILED: 02/28/2003  SOURCE: Business Wires
 CLASS PERIOD START: 04/29/1999  CLASS PERIOD END: 07/02/2001
 TYPE OF COMPLAINT: Unamended/Unconsolidated
 PLAINTIFF FIRMS IN THIS OR SIMILAR CASE:
  • Charles H. Jung, law office of
       41 Sutter Street #1470, San Francisco, CA, 94104
       (voice) 877.891.0342, (fax) , seclaw@ureach.com
    _____________________________________________
     TOTAL NUMBER OF PLAINTIFF FIRMS:  1


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