Lawsuit Overview
Settlement Overview
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July 8, 2013 - The court approved the settlement, entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissed the action with prejudice.
March 25, 2013 - The court preliminarily approved the settlement.
February 28, 2013 - Parties filed a stipulation of settlement.
June 19, 2012 - The lead plaintiff filed a third amended complaint.
May 25, 2012 - The U.S. Court of Appeals of the Second Circuit vacated the district court's decision and remanded the case for further proceedings.
January 6, 2011 - The lead plaintiff filed a notice of appeal.
November 23, 2010 - The court denied the lead plaintiff leave to file an amended complaint.
June 11, 2010 - The lead plaintiff filed a motion for leave to file a third amended complaint.
May 13, 2010 - The court granted lead plaintiff leave to move to amend the pleadings.
October 9, 2009 - The U.S. Court of Appeals of the Second Circuit affirmed in part and vacated in part, the district court's decision and remanded the case for further proceedings.
July 8, 2008 - The lead plaintiff filed a notice of appeal.
June 12, 2008 - The court denied the lead plaintiff's motion for reconsideration.
March 25, 2008 - The lead plaintiff filed a motion for reconsideration.
March 25, 2008 - The court issued a judgment dismissing the case and ordered it closed.
March 11, 2008 - The court granted the defendants' motions to dismiss.
July 11, 2007 - Additional defendants filed a motion to dismiss.
July 10, 2007 - Some defendants filed a motion to dismiss.
April 24, 2007 - The lead plaintiff filed an amended consolidated complaint.
January 5, 2007 - A lead plaintiff motion was filed.
January 4, 2007 - All cases were consolidated.
November 6, 2006 - An investor in shares of Ikanos Communications Inc (NASDAQ: IKAN) filed a lawsuit in the U.S. District Court for the Southern District of New York against Ikanos Communications Inc over alleged violations of Federal Securities Laws.
The plaintiff brings these charges on behalf of investors who acquired the common stock of Ikanos Communications Inc pursuant to Ikanos Communications Inc's registration statement and prospectus for its initial public offering on September 22, 2005 or its secondary public offering on March 8, 2006, seeking to pursue remedies under the Securities Act of 1933.
The complaint alleges that both the initial public offering and secondary public offering registration statements and prospectus were negligently prepared and not in accordance with the rules and regulations governing their preparation.