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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?


To: Brian in Honolulu who wrote (30446)4/15/1999 5:21:00 PM
From: Ray Smith Jr  Respond to of 36349
 
Sure Brian, let me cut and paste a copy
of that hot potato right here on SI for you...
<BFG>




To: Brian in Honolulu who wrote (30446)4/15/1999 5:50:00 PM
From: Alan Buckley  Respond to of 36349
 
Note Bloomberg suit filed with "John Doe" defendants. Let's hope none of these drag the company into it.

WSJ: PairGain Employee Is Arrested On Fraud Charge in Stock Case
interactive.wsj.com

"The government complaint doesn't specifically allege that Mr. Hoke traded in PairGain stock on April 7, but an affidavit said Mr. Hoke has a history of using online-trading companies to purchase and sell securities, and he traded PairGain stock as recently as January.

The complaint names one victim of the hoax, a Santa Ana, Calif., investor who purchased 1,500 shares of PairGain stock after learning of the report.

According to prosecutors, Mr. Hoke also allegedly posted a bogus e-mail message about PairGain under the subject line "Buyout News" on a financial-news message board operated by Yahoo. The message contained a link to the bogus Bloomberg site.

This week, Bloomberg LP filed a lawsuit over the hoax in U.S. District Court in New York City. The lawsuit identified the defendants only as John Does and sought unspecified damages."