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Strategies & Market Trends : Banned.......Replies to the A@P thread. -- Ignore unavailable to you. Want to Upgrade?

To: Bear Down who wrote (2734)	2/3/2005 1:49:09 AM
From: ravenseye	Read Replies (3) \| Respond to of 5425

In early April 2000 Cardinal Partners purchased April “puts” on Terayon stock. Id. Ex. 3 (Cardinal Dep. At 13:2-22), Ex. 23, Ex. 60. The “puts” expired on April 15, 2000. Thus Cardinal was betting that something would cause a decline in Terayon stock between April 7 and April 15. On April 11, 2000 Cardinal employee Kent McGaughy called into Terayon’s quarterly earnings conference call. McGaughy used a false name, and posing as a bona fide securities analyst, accused Terayon of fraud. Defendants assert that two other people participated in the conference call at Cardinal’s behest. These two, Jonathan Daws and Amir Elgindy also used false names and raised issues of alleged fraud by Terayon. cand.uscourts.gov