April 29, 2013 - The court granted the stipulation of dismissing the case with prejudice.
April 26, 2013 - The parties filed a stipulation of dismissal.

March 29, 2013 - The court granted defendants' motion to dismiss with leave to amend.

February 14, 2012 - Defendants filed a motion to dismiss.

December 2, 2011 - The lead plaintiffs filed an amended consolidated complaint on behalf of investors who purchased Cisco Systems Inc (NASDAQ: CSCO) common shares between February 3, 2010 and May 11, 2011. The plaintiffs allege that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between February 3, 2010 and May 11, 2011. The same day the lead plaintiffs filed a notice of partial voluntary dismissal without prejudice.

October 19, 2011 - Lead plaintiffs and lead counsel were appointed and all cases were consolidated.

May 31, 2011 - Lead plaintiff motions were filed.

March 31, 2011 - An investor in shares of Cisco Systems Inc (NASDAQ: CSCO) filed a lawsuit in the U.S. District Court for the Northern District of California against Cisco Systems Inc over alleged violations of Federal Securities Laws.

According to the complaint the plaintiff alleges on behalf of purchasers of Cisco Systems Inc (NASDAQ: CSCO) common stock during the period between May 12, 2010 and February 9, 2011, that Cisco Systems Inc and certain of its officers and directors violated the Securities Exchange Act of 1934 by failing to disclose between May 12, 2010 and February 9, 2011 material adverse facts about Cisco Systems Inc’s true financial condition, business and prospects.

Cisco Systems Inc’s 12months Total Revenue increased from $34.922billion reported on July 28, 2007 to $40.04billion reported on July 31, 2010. Its Net Income rose over the same time frame from $7.333billion to $7.767billion.

Shares of Cisco Systems Inc traded during 2006 as low as $17.24 per share and increased during 2007 to $33.13 per share. During 2009 CSCO shares fell to $14.18 per share and recovered during 2010 to $27.47 per share.

On February 9, 2011, Cisco Systems Inc issued a press release announcing its financial results for the 2011 fiscal second quarter, ended January 29, 2011, reporting net sales of $10.4 billion, net income on a GAAP basis of $1.5 billion or $0.27 per share, and non-GAAP net income of $2.1 billion or $0.37 per share. Cisco Systems Inc's CEO, John Chambers, commented on the results, stating, in part, [t]he quarter played out as we expected. Following the 2011 fiscal second quarter earnings announcement, defendants held a conference call with analysts and investors, noting that non-GAAP gross margins were 62.4%, down 1.9% quarter-over-quarter and 3.2% year-over-year, so the class action complaint. Product related non-GAAP gross margins for the second quarter were 61.1%, down 2.9% from the prior quarter. In response to the unexpected drop in Cisco Systems Inc's margins, shares of the Company's stock fell $3.12 per share, or more than 14%, to close at $18.92 per share. Recently CSCO shares traded at $17.04 per share, roughly its 2006 value.