Search for: "Sonus Networks, Inc."
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9 Nov, 2007 2:48 pm
Sonus Networks, Inc. (NASDAQ: SONS), a Massachusetts-based provider of voice infrastructure equipment and software for wireline
and wireless service providers, has announced the preliminary settlement of one of two securities class actions pending against the company in the D. of...
16 Aug, 2007 3:02 pm
... company. The state court dismissed the case "without prejudice" for failure to plead a precondition to suit -- "futility" of demanding that Sonus bring the action on its own behalf. The shareholder refiled in federal court. The district court dismissed because, it concluded, ... satisfying the
demand futility precondition. The First Circuit, applying Massachusetts preclusion law, affirmed. In re Sonus Networks, Inc.,
Shareholder Derivative Litig., No. 06-1937 (1st Cir. Aug. 16, 2007). Blawgletter ...
16 Aug, 2007 1:18 pm
In Re: Sonus Networks, Inc, No. 06-1937. This is a really big piece of derivative litigation. The plaintiff's claims were
dismissed when the district court held that their claims were precluded by an earlier state-court lawsuit, in which the plaintiffs did not plead that they demanded that the company sue
its employees (or allege futility under the law of the state of incorporation). The state court had held that futility wasn't apparent from the face of the complaint, which named ...
7 Aug, 2007 5:34 am
... 's share of the attorneys fees. Beatie's suit alleges misconduct along these lines in shareholder litigation involving Network Associates (MFE), Oxford Health Plans (UNH),
Safeskin Corp. (KMB), Linux VA (LNUX), Aurura Foods, Chubb (CB), Waste Management Inc. (WMI), MicroStategy (MSTR), Sonus Networks
(SONS), and Organogenesis. Beatie's firm had unsuccessfully sought lead counsel status in at least three of these cases. Two Milberg Weiss spokespersons failed to ...
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