A class action lawsuit has been filed in the United States District Court for the Northern District of California against Robertson Stephens on behalf of purchasers of Corvis (Nasdaq:CORV) securities between August 22, 2000 and January 29, 2001, inclusive (the "Class Period").
The Complaint charges that Robertson Stephens analyst Paul Johnson issued false and misleading "Buy" recommendations on Corvis, maker of optical networking equipment, while privately advising a group of Robertson Stephens limited partnerships (in which he himself had invested) to sell their Corvis shares.
The Complaint alleges that, based on defendants' recommendations, Corvis securities sold at artificially inflated prices during the Class Period. Plaintiff and the rest of the Class, whether or not they relied on these recommendations, purchased their Corvis shares at prices that were artificially inflated by them and were damaged thereby.

Update

The case settled in 2005, and in February 2006, the court approved the final settlement. The Claims Administrator for this litigation is Berdon Claims Administration LLC. The deadline to submit claim forms was January 27, 2006. Claim forms received after this date will be processed but cannot be guaranteed to be accepted. If you would like further information about the settlement, please go to www.berdonclaims.com.

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