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Case Detail


SEC Complaint re Terayon Short Selling
(Regulatory Proceeding)
On August 12, 2005, an attorney for the noted class action law firm of Lerach, Coughlin, Stoia & Robbins, LLP admitted during a federal court hearing that the Securities and Exchange Commission (SEC) has been investigating a securities class action case it filed against Terayon Communications Systems in 2000 on behalf of short sellers of Terayon stock. This is the first public confirmation that the SEC has acted on WLF's complaint filed with the SEC in late 2003 as part of WLF's INVESTOR PROTECTION PROGRAM requesting an investigation into whether any federal civil or criminal laws were violated with respect to short selling of Terayon stock and the subsequent filing by a securities class action lawsuit. The court dismissed the short sellers as lead plaintiffs last year and is allowing discovery to proceed that ultimately may lead the court to disqualify the attorneys as lead counsel.
Case Status:
Awaiting SEC and DOJ action.
More Information and Downloads:

For more on this case, visit:
http://sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/11/09/MNGO92TRV71.DTL


12/19/2003: Download Complaint

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