Preview:

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MARYLAND : SIK-LIN HAUNG, et al. : v. : Civil Action No. DKC 2003-1131 : ACTERNA CORPORATION, et al. : MEMORANDUM OPINION Presently pending and ready for resolution in this

securities fraud class action is the motion of Joseph De Leo and Stan Andrews for (1) appointment as Lead Plaintiffs and (2) approval of Lead Plaintiffs' selection of Lead Counsel and Liaison Counsel. The issues have been fully briefed and no Local Rule 105.6. For the reasons

hearing is deemed necessary.

that follow, the court will deny the motion and require renewed notice. I. Background On April 16, 2003, a securities fraud class action was filed against Acterna Corporation (Acterna) and five of its highestlevel, executive officers and/or directors. Acterna is a

publicly-held Delaware corporation with its principal place of business in Germantown, Maryland. Acterna provides test and

management services for optical transport, access, and cable networks to customers located around the world.

The first suit in this class action, Huang et al. v. Acterna Corp., et al., Civil Action No: DKC-03-1131, was filed by SikLin Huang, on behalf of a class consisting of all those who purchased or otherwise acquired the common stock of Acterna between August 1, 2001 and October 31, 2002, and who were damaged thereby. The complaint alleges violations of

Download Sik-Lin Huang, et al. v. Acterna Corp., et al. (Memorandum).pdf

Maryland Law