Class Action Complaints Filed Against Harmonic Inc., Anicom Inc., and Unify Corp.

Strategic Insights -

Wolf Popper LLP has filed class action complaints against Harmonic Inc., Anicom Inc., and Unify Corp. on behalf of investors. The complaints allege intentional misstatements and irregularities in financial statements. The class action against Harmonic Inc. specifically alleges misstatements in connection with the acquisition of the Divicom business from C-Cube Microsystems, Inc. Investors who acquired Harmonic Inc. common shares on May 3, 2000, in exchange for shares of C-Cube common stock, are included in the complaint. The deadline for filing a motion to be appointed lead plaintiff is August 27, 2000, for Harmonic Inc., September 18, 2000, for Anicom Inc., and September 29, 2000, for Unify Corp.

Key Takeaways:

  • Wolf Popper LLP has filed class action complaints against three companies: Harmonic Inc., Anicom Inc., and Unify Corp.
  • The complaints allege intentional misstatements and irregularities in financial statements, including misstatements in connection with business acquisitions.
  • The class action in Harmonic Inc. specifically mentions the acquisition of the Divicom business from C-Cube Microsystems, Inc.
  • Investors who acquired Harmonic Inc. common shares on May 3, 2000, in exchange for shares of C-Cube common stock, are included in the complaint.
  • Any member of the proposed class must meet certain legal requirements to serve as a lead plaintiff.
  • Wolf Popper has extensive experience representing shareholders in class actions and has successfully recovered billions of dollars for defrauded investors and shareholders.
  • The firm's reputation and expertise in shareholder and other class action litigation have been recognized by the courts.

Statistics:

  • Dates for filing a motion to be appointed lead plaintiff: August 27, 2000, for Harmonic Inc., September 18, 2000, for Anicom Inc., and September 29, 2000, for Unify Corp.
  • Number of companies involved: 3 (Harmonic Inc., Anicom Inc., and Unify Corp.)
  • Number of lawsuits: 3 (class action complaints filed by Wolf Popper LLP)
  • Total amount recovered by Wolf Popper for defrauded investors and shareholders: billions of dollars
  • Number of years Wolf Popper has been representing shareholders in class actions: Unknown, but the firm has a strong track record of success.

Sources:

  • PRNewswire (August 10, no year provided)
  • Wolf Popper LLP (no specific date or source mentioned, but presumably affiliated with the PRNewswire release)