CASES
BigBand Networks, Inc.
Class Period: Mar 15, 2007 to Sep 27, 2007
Lead Plaintiff Deadline: Dec 3, 2007 + Deadline passed
Summary of Case:
Note: There has been a Tentative Settlement announced in the BigBand Networks, Inc. securities litigation. If the Settlement is approved by the Court, and becomes final, we will notify you here, and the Claims Administrator will send you a Notice of Settlement and a Claim Form to fill out and return to them. Please do not hesitate to contact Scott + Scott if you have any questions.
On October 19, 2007, Scott + Scott, LLP filed a securities class action against BigBand Networks, Inc. (BBND) ("BigBand" or the "Company") on behalf of of all shareholders who purchased the common stock of BigBand in connection with the Company's Initial Public Offering ("IPO") on or about March 15, 2007, or who purchased shares thereafter in the open market. The complaint alleges that BigBand raised over $159 million through the sale of 10.7 million shares, despite the Registration Statement's false and misleading statements issued in connection with the IPO. Specifically, it charges defendants with failing to adequately conduct a due diligence investigation into the Company prior to the IPO, and that they failed to reveal BigBand was not performing according to plan, lacked significant controls and procedures, and lacked any reasonable basis to forecast near-term foreseeable financial and operational results.
Please note that the Class Period has been expanded to include March 15, 2007 through September 27, 2007.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.