CAR_Public/010723.mbx              C L A S S   A C T I O N   R E P O R T E R

               Monday, July 23 2001, Vol. 3, No. 142

                              Headlines


ADOBE SYSTEMS: Pays Full Settlement Amount, But Awaits Final Court Nod
BOMARK CLEANING: Sued By Janitors Seeking Back Wages, Others
BSQUARE CORPORATION: Cauley Geller Commences S.D. NY Securities Suit
CACHEFLOW INC.: To Mount Vigorous Defense Against NY Securities Suits
CALDERA SYSTEMS: Milberg Weiss Files Securities Suit In S.D. New York

CELLSTAR CORPORATION: To Mount Defense If Dismissal Motion Is Denied
CEPHALON INC.: Says Adverse Ruling In Suits Won't Have Material Effect
CHORDIANT SOFTWARE: Cauley Geller Commences Securities Suit In S.D. NY
CLARENT CORPORATION: Schiffrin & Barroway Files Suit In S.D. New York
COMPAQ COMPUTER: Agrees To Settle Faulty Internal Computer Parts Suit

CONNECTICUT STATE: Sued For "Strip-Search" Policy In Juvenile Centers
CRITICAL PATH: Cauley Geller Begins Securities Suit In S.D. New York
EXODUS COMMUNICATIONS: Cauley Geller Files Suit In N.D. California
GENCORP INC.: Says Retirees' Lawsuit Currently In Discovery
IMMUNE RESPONSE: Cauley Geller Files Securities Suit In S.D. New York

INTERNAP NETWORK: Wolf Haldenstein Begins Securities Suit In S.D. NY
NETWORK PLUS: Wolf Haldenstein Files Securities Suit In S.D. New York
PSS WORLD: Bernstein Liebhard Commences Securities Suit In M.D. Florida
RHYTHMS NETCONNECTIONS: Schiffrin Barroway Commences Suit In S.D. NY
ROGERS CABLE: Lawsuit In Ontario Seeks Damages Amounting To $75 Million

SILVERSTREAM SOFTWARE: Milberg Weiss Files Securities Suit In S.D. NY
SIPEX CORPORATION: Faruqi & Faruqi Begins Lawsuit In Massachusetts
SOLECTRON CORPORATION: Welcomes Dismissal Of Federal Securities Suits
SOLECTRON CORPORATION: State Plaintiffs Want "Stay Order" Lifted
SONY CORPORATION: Only 55 Of 98 Suits Opposed To FTC Deal Prospered

SOUTHWIN INC.: Court Upholds Award To Owners Of Substandard Homes
UNDERWRITERS LITIGATION: Milberg Weiss Sues Goto.com IPO Underwriters
WESTELL TECHNOLOGIES: Pending Suits' Outcomes Could Create Problems
WIRELESS FACILITIES: Lovell and Sirota Law Firms File Suit In S.D. NY




                              *********


ADOBE SYSTEMS: Pays Full Settlement Amount, But Awaits Final Court Nod
----------------------------------------------------------------------
Leading desktop publishing software maker Adobe Systems Inc. recently
settled a securities suit filed five years ago in a California court.

According to a report furnished to the Securities and Exchange
Commission, the Company made full payment of the settlement amount in
June.

Although subject to court approval, the Company expressed optimism that
it will receive the nod.

The suit was first filed in February 1996 against Adobe, certain of its
officers and directors, certain former officers of Adobe and Frame
Technology Corporation, Hambrecht Quist, LLP, investment banker for
Frame, and certain employees, in connection with the drop in the price
of Adobe stock following its announcement of financial results for the
quarter ended December 1, 1995.

The complaint was filed in the Superior Court of the State of
California, County of Santa Clara.

Adobe Systems, Inc. is the maker of Photoshop, Illustrator, and
PageMaker, the leading desktop publishing software in the market today.


BOMARK CLEANING: Sued By Janitors Seeking Back Wages, Others
----------------------------------------------------------------
Bomark Cleaning Services faces a class action lawsuit filed by six
janitors seeking lost wages and employment in the higher-paying jobs
they say they were denied, The Chicago Tribune reported late last week.

Pending in a federal court, the lawsuit claims that the Company steered
female workers into low-paying jobs.

The plaintiffs, composed of 5 women and 1 man, alleged that women were
given work as low-paid cleaners but men got higher-paying jobs
operating equipment used to clean floors.

No specific amount of damages was indicated in the complaint.

The cleaning services company employs more than 300 janitors, mostly
Polish and Latino immigrants, the newspaper said.


BSQUARE CORPORATION: Cauley Geller Commences S.D. NY Securities Suit
-----------------------------------------------------------------------
Cauley Geller Bowman & Coates, LLP filed a class action in the United
States District Court for the Southern District of New York on behalf
of purchasers of BSQUARE Corporation (Nasdaq: BSQR) securities during
the period between October 19, 1999 and December 6, 2000, inclusive.

The complaint charges the following defendants with violations of
Sections 11, 12(a) (2) and 15 of the Securities Act of 1933 and Section
10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder:

     (i) BSQUARE,

    (ii) Credit Suisse First Boston Corp.,

   (iii) Lehman Brothers, Inc.,

    (iv) BancBoston Robertson Stephens, Inc.,

     (v) William T. Baxter and

    (vi) Brian V. Turner

For more details, contact: CAULEY GELLER BOWMAN & COATES, LLP through
its Client Relations Department: Jackie Addison, Sue Null or Charlie
Gastineau by Mail: P.O. Box 25438, Little Rock, AR 72221-5438 by Phone:
1-888-551-9944 (toll free) or by E-mail: info@classlawyer.com


CACHEFLOW INC.: To Mount Vigorous Defense Against NY Securities Suits
---------------------------------------------------------------------
CacheFlow, Inc. announced recently that it would mount a vigorous
defense against three securities suit currently pending in the U.S.
District Court for the Southern District of New York.

In a report to the Securities and Exchange Commission, the Company said
it is a victim of a rash of lawsuits that involve 50 companies with
"virtually identical" allegations.

Records at the Class Action Reporter show that the law offices of
Milberg Weiss Bershad Hynes & Lerach, LLP; Cauley Geller Bowman &
Coates, LLP; and Marc S. Henzel have pending suits against the Company.

The Complaints in these cases generally allege that the underwriters
obtained excessive and undisclosed commissions in connection with the
allocation of shares of common stock in the Company's initial public
offering.

Accordingly, this was done to maintain artificially high market prices
through tie-in arrangements that required customers to buy shares in
the after-market at pre-determined prices.

The complaints allege that the company and its current and former
officers and directors violated Sections 11, 12(2) and 15 of the
Securities Act of 1933, and Sections 10(b) (Rule 10b-5 promulgated
thereunder) and 20(a) of the Securities Act of 1934.

"We anticipate that further lawsuits making substantially similar
allegations may be filed," the Company said in its SEC report.

CacheFlow designs and assembles computers that store and automatically
update frequently requested Web sites, providing quick access from a
cache rather than an originating server.

Company intranets and Internet service providers (ISPs) use CacheFlow's
appliances to increase efficiency.  E-commerce customers use them to
speed response times and handle traffic surges.


CALDERA SYSTEMS: Milberg Weiss Files Securities Suit In S.D. New York
---------------------------------------------------------------------
Milberg Weiss Bershad Hynes & Lerach LLP filed late last week a class
action lawsuit on behalf of purchasers of the securities of Caldera
Systems, Inc. (NASDAQ:CALD) between March 21, 2000 and December 6,
2000, inclusive.

The action, captioned Weinroth v. Caldera Systems, Inc. et al., No. 01-
CV-6597 is pending in the United States District Court, Southern
District of New York against defendants Caldera, FleetBoston Robertson
Stephens, Bear, Stearns & Co., Inc., Ransom H. Love and Alan Hansen.

The complaint alleges violations of Sections 11, 12(a)(2) and 15 of the
Securities Act of 1933 and Section 10(b) of the Securities Exchange Act
of 1934 and Rule 10b-5 promulgated thereunder.

For further information, contact: Steven G. Schulman or Samuel H.
Rudman by Mail: One Pennsylvania Plaza, 49th fl., New York, NY, 10119-
0165 by Phone: (800) 320-5081 by E-mail: calderacase@milbergNY.com or
visit the firm's Website: www.milberg.com


CELLSTAR CORPORATION: To Mount Defense If Dismissal Motion Is Denied
--------------------------------------------------------------------
While speculating on the outcome of a motion filed last year, CellStar
Corporation recently announced it would mount a vigorous defense if the
federal court in Miami dismisses its motion to dismiss a consolidated
securities suit.

"The Company believes that it is has fully complied with all applicable
securities laws and regulations and that it has meritorious defenses to
the allegations made in the Second Amended and Consolidated Complaint,"
said a recent regulatory document filed with the Securities and
Exchange Commission.

The Company filed the motion on November 2, 2000, but the Court has not  
yet rendered a decision.

The leading global wholesale cellular phone distributor stands trial in
the U.S. District Court for the Southern District of Florida, Miami
Division, violations of Section 10(b) and 20(a) of the Securities
Exchange Act of 1934, as amended, and Rule 10b-5 promulgated
thereunder.

The company distributes phones and accessories made by Ericsson, NEC,
Nokia, QUALCOMM, and Motorola to retailers, carriers, exporters, and
dealers.  It has retail stores in Latin America, Europe, and Asia.


CEPHALON INC.: Says Adverse Ruling In Suits Won't Have Material Effect
----------------------------------------------------------------------
Cephalon, Inc. said recently that even if an adverse judgment is
promulgated against it in several pending cases involving its
MYOTROPHIN product, such judgment would not have a material effect on
the Company.

In a recent regulatory filing with the Securities and Exchange
Commission, the Company revealed that it is facing several suits from
plaintiffs who did not participate in a 1999 class settlement.

The suits allege that the Company is liable under common law for
misrepresentations concerning the results of the clinical trials, and
that certain of its current and former officers and directors are
liable for the actions of persons who allegedly traded the Company's
common stock on the basis of material inside information.

Hoovers.com describes the Company as one who "just wants a chance to
get ahead by helping others stay awake."

The company sells Provigil, a treatment for the sleep disorder
narcolepsy licensed from Laboratoire L. Lafon. It markets the drug in
Australia, Ireland, the UK, and the US.

Cephalon's drug development activities focus on neurodegenerative
diseases, including Parkinson's disease and ALS (also known as Lou
Gehrig's disease), as well as cancer and sleep disorders.


CHORDIANT SOFTWARE: Cauley Geller Commences Securities Suit In S.D. NY
----------------------------------------------------------------------
Cauley Geller Bowman & Coates, LLP filed a class action in the United
States District Court for the Southern District of New York on behalf
of purchasers of Chordiant Software, Inc. (Nasdaq: CHRD) securities
during the period between February 14, 2000 and December 6, 2000,
inclusive.

The complaint charges the following defendants with violations of
Sections 11, 12(a) (2) and 15 of the Securities Act of 1933 and Section
10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder:

     (i) Chordiant,

    (ii) FleetBoston Robertson Stephens,

   (iii) Samuel T. Spadafora,

    (iv) Steven R. Springsteel and

     (v) Joseph F. Tumminaro

For more information, contact: CAULEY GELLER BOWMAN & COATES, LLP
through its Client Relations Department: Jackie Addison, Sue Null or
Charlie Gastineau by Mail: P.O. Box 25438, Little Rock, AR 72221-5438
by Phone: 1-888-551-9944 or by E-mail: info@classlawyer.com


CLARENT CORPORATION: Schiffrin & Barroway Files Suit In S.D. New York
---------------------------------------------------------------------
Schiffrin & Barroway, LLP filed a class action lawsuit in the United
States District Court for the Southern District of New York on behalf
of all purchasers of the common stock of Clarent Corp. (Nasdaq: CLRN)
from July 1, 1999 through December 6, 2000, inclusive.

The suit names the following as defendants: Clarent, Credit Suisse
First Boston Corporation, BancBoston Robertson Stephens, Inc., Jerry
Shaw-Yau Chang, Richard J. Heaps and Michael F. Vargo.

For further details, contact: Schiffrin & Barroway, LLP through Marc A.
Topaz, Esq. or Stuart L. Berman, Esq. by Mail: Three Bala Plaza East,
Suite 400, Bala Cynwyd, PA  19004 by Phone: 1-888-299-7706 (toll free)
or 1-610-667-7706 or by E-mail: info@sbclasslaw.com


COMPAQ COMPUTER: Agrees To Settle Faulty Internal Computer Parts Suit
---------------------------------------------------------------------
The law firm of Hagens Berman announced recently that Compaq Computer
Corporation has agreed to settle a class action, offering to reimburse
customers who complained about faulty internal components in their
computers, the Reuters News Agency reported.

According to the report, the settlement provides for the payment of up
to $360 in cash or rebates of up to $540 to reimburse qualified class
members for new components.

The law firm said that the settlement covers owners of some Presario-
model computers living in the states of Washington, Texas, North
Carolina, Illinois and California.

A separate rebate of between $50 and $110 would be paid to qualifying
Presario owners who did not purchase replacement parts, the law firm
said.

The settlement lists certain Presario models manufactured during the
second half of 1996 and all of 1997, the report said.

Compaq vies with Dell to be the world's No. 1 PC maker and it's the
third-largest computer company behind IBM and Hewlett-Packard.


CONNECTICUT STATE: Sued For "Strip-Search" Policy In Juvenile Centers
---------------------------------------------------------------------
A federal lawsuit against the State of Connecticut is seeking class
action status over its practice to strip-search juveniles being held in
detention centers, The Hartford Courant reported.

The suit claims that the procedure violates certain constitutional
rights and well-established law prohibiting strip-searches of adults
charged with minor crimes, unless there is reasonable suspicion.

Lawyer Anthony Wallace, who represents the two girls who were strip-
searched in the State's New Haven detention center, doesn't understand
why the rules for children in the State is different.

The case is pending in the U.S. District Court in New Haven, seeking an
injunction to have the practice stopped at the state's centers in New
Haven, Hartford and Bridgeport.

Hearing is scheduled for the fall.


CRITICAL PATH: Cauley Geller Begins Securities Suit In S.D. New York
--------------------------------------------------------------------
Cauley Geller Bowman & Coates, LLP filed a class action in the United
States District Court for the Southern District of New York on behalf
of purchasers of Critical Path, Inc. (Nasdaq: CPTH) securities during
the period between March 29, 1999 and December 6, 2000, inclusive.

The complaint charges the following defendants with violations of
Sections 11, 12(a) (2) and 15 of the Securities Act of 1933 and Section
10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder:

     (i) Critical Path,

    (ii) BancBoston Robertson Stephens, Inc.,

   (iii) Dain Rauscher Wessels,

    (iv) Hambrecht & Quist LLC,

     (v) Douglas T. Hickey and

    (vi) David Thatcher.

For further details, contact: CAULEY GELLER BOWMAN & COATES, LLP
through its Client Relations Department: Jackie Addison, Sue Null or
Charlie Gastineau by Mail: P.O. Box 25438, Little Rock, AR 72221-5438
by Phone: 1-888-551-9944 (toll free) or by E-mail: info@classlawyer.com


EXODUS COMMUNICATIONS: Cauley Geller Files Suit In N.D. California
------------------------------------------------------------------
Cauley Geller Bowman & Coates, LLP filed a class action in the United
States District Court for the Northern District of California on behalf
of purchasers of Exodus Communications, Inc. (Nasdaq: EXDS) common
stock during the period between March 30, 2000 and June 20, 2001,
inclusive.

The complaint charges Exodus and certain of its officers and directors
with violating the federal securities laws by issuing false and
misleading statements concerning its business and financial condition.

For further details, contact: CAULEY GELLER BOWMAN & COATES, LLP
through its Client Relations Department: Jackie Addison, Sue Null or
Charlie Gastineau by Mail: P.O. Box 25438, Little Rock, AR 72221-5438
by Phone: 1-888-551-9944 or by E-mail: info@classlawyer.com


GENCORP INC.: Says Retirees' Lawsuit Currently In Discovery
-----------------------------------------------------------
GenCorp Inc. recently disclosed in its regulatory filing with the
Securities and Exchange Commission that it is currently engaged in
discovery on a case involving its retirees.

In the same SEC report, the company also expressed optimism on the
outcome of the case, which accordingly will not have a material impact
on its financial position or results of operations.

Wotus, et al. v. GenCorp Inc. is pending in the U.S. District Court for
Northern District of Ohio.

The case was filed in October last year by a group of hourly retirees
seeking rescission or modification of the current Hourly Retiree
Medical Plan established in spring 1994 by the Company or reinstatement
of pre-1994 benefit plan terms.

The crux of this dispute relates to the payment of benefit
contributions by retirees as a result of the cost caps implemented in
the fall of 1993.

The caps were instituted to alleviate the impact of Financial
Accounting Standard Board Statement No. 106 (FAS 106).

Benefit contributions had been delayed until January 1, 2000 pursuant
to a moratorium negotiated with the United Rubber Workers of America
(URW) and its successor, the United Steelworkers of America (USWA), as
well as from savings generated by Plan sponsored networks.

A failure to pay contributions results in a termination of benefits.

The class representatives consist of three hourly retirees from the
Jeannette, Pennsylvania facility of OMNOVA Solutions Inc. (OMNOVA), the
company spun-off from GenCorp on October 1, 1999 and one hourly retiree
from GenCorp's former Akron tire plant.

The putative class encompasses all eligible hourly retirees formerly
represented by the URW or USWA.

The Unions, however, are not party to the suit, and have agreed not to
support such litigation pursuant to Memoranda of Agreement negotiated
with GenCorp.

The retirees also challenge the creation of the OMNOVA Plan, which has
terms identical to the prior GenCorp Plan, without retiree approval.

GenCorp prevailed in a similar class action filed in 1995, arising at
its Wabash, Indiana location.

A motion to dismiss on "res judicata" grounds was recently denied.

The GenCorp and OMNOVA insurance carriers have been advised of this
litigation and have agreed to reimburse litigation expenses, subject to
deductibles, but have asserted a reservation of rights as to damages.

Once a tire company, GenCorp is now best known for its aerospace and
defense systems subsidiary, Aerojet.

Accounting for about 55% of GenCorp's sales, Aerojet makes rocket
propulsion systems, defense electronics, and fine chemicals used in
bulk pharmaceuticals.

GenCorp also operates an automotive segment that makes components used
to seal vehicle windows, doors, and other openings.

The company has spun off its polymer products and building products
businesses under the name OMNOVA Solutions.


IMMUNE RESPONSE: Cauley Geller Files Securities Suit In S.D. New York
---------------------------------------------------------------------
Cauley Geller Bowman & Coates, LLP filed a class action in the United
States District Court for the Southern District of California on behalf
of purchasers of Immune Response Corporation (Nasdaq: IMNR) common
stock during the period between May 17, 1999 and July 6, 2001,
inclusive.

The complaint charges Immune Response and certain of its officers and
directors with violating the federal securities laws.

For more details, contact: CAULEY GELLER BOWMAN & COATES, LLP through
its Client Relations Department: Jackie Addison, Sue Null or Charlie
Gastineau by Mail: P.O. Box 25438, Little Rock, AR 72221-5438 by Phone:
1-888-551-9944 or by E-mail: info@classlawyer.com


INTERNAP NETWORK: Wolf Haldenstein Begins Securities Suit In S.D. NY
--------------------------------------------------------------------
Wolf Haldenstein Adler Freeman & Herz LLP filed a class action lawsuit
in the United States District Court for the Southern District of New
York, on behalf of purchasers of InterNAP Network Services Corporation
(Nasdaq: INAP) between September 29, 1999 and December 6, 2000,
inclusive.

The suit names as defendants InterNAP, certain of its officers and
directors, and its underwriters.

The complaint alleges that defendants violated the federal securities
laws by issuing and selling InterNAP common stock pursuant to the
September 29, 1999 IPO without disclosing to investors that some of the
underwriters in the offering, including the lead underwriters, had
solicited and received excessive and undisclosed commissions from
certain investors.

For further details, contact: Wolf Haldenstein Adler Freeman & Herz LLP
by Mail: 270 Madison Avenue, New York, New York 10016 by Phone: 800-
575-0735 (Fred Taylor Isquith, Esq., Gustavo Bruckner Esq., Thomas
Burt, Esq., or George Peters) by E-mail: classmember@whafh.com or visit
the firm's Website: www.whafh.com


NETWORK PLUS: Wolf Haldenstein Files Securities Suit In S.D. New York
---------------------------------------------------------------------
Wolf Haldenstein Adler Freeman & Herz LLP filed a class action lawsuit
in the United States District Court for the Southern District of New
York, on behalf of purchasers of Network Plus Corporation (Nasdaq:
NPLS) between June 29, 1999 and December 6, 2000, inclusive.

The suit names the following as defendants: Network Plus, certain of
its officers and directors, and its underwriters.

The complaint alleges that defendants violated the federal securities
laws by issuing and selling Network Plus common stock pursuant to the
June 29, 1999 IPO without disclosing to investors that some of the
underwriters in the offering, including the lead underwriters, had
solicited and received excessive and undisclosed commissions from
certain investors.

For more information, contact: Wolf Haldenstein Adler Freeman & Herz
LLP by Mail: 270 Madison Avenue, New York, New York 10016 by Phone:
800-575-0735 (Fred Taylor Isquith, Esq., Gustavo Bruckner Esq., Thomas
Burt, Esq., or George Peters) by E-mail: classmember@whafh.com or visit
the firm's Website: www.whafh.com


PSS WORLD: Bernstein Liebhard Commences Securities Suit In M.D. Florida
-----------------------------------------------------------------------
Bernstein Liebhard & Lifshitz, LLP filed a securities class action
lawsuit on behalf all persons who acquired PSSI Corporation (Nasdaq:
PSSI) securities between October 26, 1999 and September 1, 2000.

The case is pending in the United States District Court for the Middle
District of Florida, Jacksonville Division.

The complaint charges defendants with violations of sections 10(b) and
20(a) the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder.

For more information, contact: Linda Flood, Director of Shareholder
Relations at Bernstein Liebhard & Lifshitz, LLP by Mail: 10 East 40th
Street, New York, New York 10016 by Phone: (800) 217-1522 or 212-779-
1414 or by E-mail: PSSI@bernlieb.com


RHYTHMS NETCONNECTIONS: Schiffrin Barroway Commences Suit In S.D. NY
--------------------------------------------------------------------
Schiffrin & Barroway, LLP filed a class action lawsuit in the United
States District Court for the Southern District of New York, on behalf
of all purchasers of the common stock of Rhythms Netconnections, Inc.
(OTC Bulletin Board: RTHM) from April 6, 1999 through December 6, 2000,
inclusive.

The suit names the following as defendants: Rhythms, Merrill Lynch,
Pierce Fenner & Smith Inc., Salomon Smith Barney Inc., BancBoston
Robertson Stephens, Catherine M. Hapka and Scott C. Chandler.

For more information, contact: Schiffrin & Barroway, LLP through Marc
A. Topaz, Esq. or Stuart L. Berman, Esq. by Mail: Three Bala Plaza
East, Suite 400, Bala Cynwyd, PA  19004 by Phone: 1-888-299-7706 (toll
free) or 1-610-667-7706 or by E-mail: info@sbclasslaw.com


ROGERS CABLE: Lawsuit In Ontario Seeks Damages Amounting To $75 Million
-----------------------------------------------------------------------
The class action filed against Rogers Cable, Inc., is asking for
damages amounting to $75 million, the National Post reported last week.

In a report that came out in the Class Action Reporter last Friday,
five present or former customers of the Rogers@Home Internet provider
filed the suit in Ontario, alleging that the Company agreed to provide
unlimited access to the Internet and did not give refunds or credits
when that service was interrupted.

The National Post said Rogers Cable President and CEO John Tory has
downplayed the suit, saying the action is without merit and will be
contested.

Rogers Cable, Inc. is a subsidiary of Rogers Communications, Inc.,
Canada's No.1 cable TV operator with some 2.4 million subscribers
throughout New Brunswick, Newfoundland, and Ontario, and it owns more
than 240 video stores.


SILVERSTREAM SOFTWARE: Milberg Weiss Files Securities Suit In S.D. NY
---------------------------------------------------------------------
Milberg Weiss Bershad Hynes & Lerach LLP filed Thursday last week a
class action lawsuit on behalf of purchasers of the securities of
SilverStream Software, Inc. (NASDAQ: SSSW - news) between August 16,
1999 and December 6, 2000, inclusive.

The action is pending in the United States District Court, Southern
District of New York against defendants SilverStream, Morgan Stanley &
Co., Incorporated, BancBoston Robertson Stephens, Inc., David A.
Litwack, Craig A. Dynes and David R. Skok.

The complaint alleges violations of Sections 11, 12(a)(2) and 15 of the
Securities Act of 1933 and Section 10(b) of the Securities Exchange Act
of 1934 and Rule 10b-5 promulgated thereunder.

For more information, contact: Steven G. Schulman or Samuel H. Rudman
by Mail: One Pennsylvania Plaza, 49th fl. New York, NY, 10119-0165 by
Phone: (800) 320-5081 by Email: silverstreamcase@milbergNY.com or visit
the firm's Website: www.milberg.com


SIPEX CORPORATION: Faruqi & Faruqi Begins Lawsuit In Massachusetts
------------------------------------------------------------------
Faruqi & Faruqi, LLP filed a class action lawsuit in the United States
District Court for the District of Massachusetts on behalf of all
purchasers of Sipex Corp. (Nasdaq:SIPX) common stock between July 20,
2000 and January 11, 2001, inclusive.

The complaint charges defendants with violations of federal securities
laws by, among other things, issuing a series of materially false and
misleading press releases concerning Sipex's financial condition and
business prospects.

For more details, contact: Faruqi & Faruqi, LLP through ANTHONY
VOZZOLO, ESQ. by Mail: 320 East 39th Street, New York, NY 10016 by
Phone: (877) 247-4292 or (212) 983-9330 by E-mail: Avozz@faruqilaw.com
or visit the firm's Website: www.faruqilaw.com  


SOLECTRON CORPORATION: Welcomes Dismissal Of Federal Securities Suits
---------------------------------------------------------------------
Solectron Corporation celebrated victory over its legal battles as a
federal court in California dismissed with prejudice six federal
securities suits against a subsidiary.

The Class Action Reporter learned from a latest regulatory document
filed with the Securities and Exchange Commission that subsidiary
involved was SMART Modular Technologies, Inc.

The suits had been pending in the U.S. District Court for the Northern
District of California since 1998.

The plaintiffs allege that defendants made material misrepresentations
and omissions during the period from July 1, 1997 through May 21, 1998
in violation of Section 10(b) of the Securities Exchange Act of 1934
and Rule 10b-5 promulgated thereunder.

Solectron is the world's No. 1 provider of contract electronics
manufacturing services.

High-tech giants including Ericsson (13% of sales), Cisco Systems
(12%), and IBM outsource production to Solectron to cut their own
costs.


SOLECTRON CORPORATION: State Plaintiffs Want "Stay Order" Lifted
----------------------------------------------------------------
Solectron Corporation disclosed in the same SEC report referred to
above that plaintiffs in the State securities suit have notified the
Company of their intent to have the stay of the state action lifted.
This news came following the dismissal of the federal securities
actions.

The State action was filed in October 1998 in the Superior Court of the
State of California, County of Alameda.

It alleges violations of Sections 25400 and 25500 of the California
Corporations Code and seeks unspecified damages on behalf of a
purported class of purchasers of SMART common stock during the period
from July 1, 1997 through May 21, 1998.

The factual allegations of the State complaint are nearly identical to
the factual allegations contained within the federal complaint.

On February 22, 1999, the Superior Court granted SMART's motion to stay
the state action pending resolution of the federal action.



SONY CORPORATION: Only 55 Of 98 Suits Opposed To FTC Deal Prospered
-------------------------------------------------------------------
Sony Music Entertainment, Inc. announced recently that of the 98
purported class actions arising from a May 2000 agreement reached by
the Company with the Federal Trade Commission, only 55 proceeded to the
federal courts.

The arrangement prohibited the adoption of any minimum advertised
pricing program for seven years and from entering into any agreement
with a dealer to control or maintain the resale price of any Sony
product.

Subsequent to the announcement of this arrangement, 98 purported class
actions, alleging violations of U.S. federal and state antitrust laws
as well as various state unfair competition laws, were filed against
Sony Music and other record companies in state and federal courts
across the U.S.

Total damages sought cannot currently be determined, although certain
of the suits have set forth specific monetary damages of up to 500
million U.S. dollars, before trebling, the Company said.

Only 55 were eventually brought in federal courts.

One of these was voluntarily dismissed, and the remaining cases have
been consolidated for coordinated pretrial proceedings under the
caption In re: Compact Disc Minimum Advertised Price Antitrust
Litigation, MDL Docket No. 1361.

This consolidated suit also includes approximately 45 additional
actions alleging price fixing and unfair competition brought by various
states' attorneys general.

In March 2001, defendants' motion to dismiss the attorneys general's
complaints in MDL Docket No. 1361 was denied, and defendants' motion to
dismiss the private plaintiffs' complaint was granted in part.

Defendants have since answered the complaints, the court has entered a
comprehensive scheduling order, and discovery is underway on both class
and merits issues.


SOUTHWIN INC.: Court Upholds Award To Owners Of Substandard Homes
-----------------------------------------------------------------
A divided 3rd District Appellate Court In Florida upheld a $5.2 million
award to owners of 67 substandard homes marketed to victims of
Hurricane Andrew in 1993 and 1994.

The court handed the decision earlier last week, according to the
Naples Daily News.

Along with Southwin Inc., the developer of the housing project, builder
Tripp Construction, Inc. will share the burden of paying the award.

Hurricane Andrew ravaged Florida in 1992.

Following the calamity, many homes were marketed to hurricane victims.
Later, buyers complained of widespread water leaks and found unbraced
roofs, use of inferior lumber and loose anchor bolts that are designed
to hold the walls to the foundation.


UNDERWRITERS LITIGATION: Milberg Weiss Sues Goto.com IPO Underwriters
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Milberg Weiss Announces Class Action Suit Against Six Underwriters in
Connection with the Initial Public Offering of Goto.com, Inc.
Milberg Weiss Bershad Hynes & Lerach LLP filed late last week a class
action lawsuit, on behalf of purchasers of the securities of Goto.com,
Inc. (NASDAQ: GOTO) between June 18, 1999 and December 6, 2000,
inclusive.

The action is pending in the United States District Court, Southern
District of New York against defendants Salomon Smith Barney, Inc.,
Bear Stearns & Co., Inc., BancBoston Robertson Stephens, Inc., Credit
Suisse First Boston Corporation, Lehman Brothers, Inc. and Merrill
Lynch, Pierce, Fenner & Smith Incorporated.

The complaint alleges violations of Section 10(b) of the Securities
Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

For more details, contact: Steven G. Schulman or Samuel H. Rudman by
Mail: One Pennsylvania Plaza, 49th fl., New York, NY, 10119-0165 by
Phone: (800) 320-5081 by Email: Gotocase@milbergNY.com or visit the
firm's Website: www.milberg.com


WESTELL TECHNOLOGIES: Pending Suits' Outcomes Could Create Problems
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Westell Technologies, Inc. disclosed in a recent regulatory filing with
the Securities and Exchange Commission that it is unsure about the
outcome of securities and antitrust suits pending in Delaware and
Illinois.

"We cannot predict what the outcome of these lawsuits will be. It is
possible that we may be required to pay substantial damages or
settlement costs in excess of our insurance coverage, which could have
a material adverse effect on our financial condition and results of
operation," the Company said.

"Any verdict against us could harm our business," the SEC report added.

In fiscal 2000, Westell Technologies, Inc. and certain of its officers
and directors were named in a consolidated class action filed in the
United States District Court for the Northern District of Illinois.

The case alleges generally that the defendants violated the antifraud
provisions of the federal securities laws by allegedly issuing material
false and misleading statements and/or allegedly omitting material
facts necessary to make the statements made not misleading thereby
allegedly inflating the price of Westell stock for certain time
periods.

Two derivative actions have been filed against certain of Westell's
officers and directors in the Court of Chancery for the State of
Delaware, New Castle County.

Certain of the officers and directors of Westell were also named in
another derivative action filed in the United States District Court for
the Northern District of Illinois, alleging that the defendants made
false and misleading statements and omissions, misappropriated
corporate information, and breached their fiduciary duties to Westell's
shareholders.

In addition, certain of the officers and directors of Westell were
named in a derivative action filed in the Circuit Court of Kane County,
Illinois.

Westell Technologies, through subsidiary Westell, Inc., makes equipment
that bridges the gap between the newer fiber-optic infrastructure and
the "last mile" of existing copper wire networks.

The company's modems, routers, and other products use DSL technology to
enable high-speed data transmission over copper wires.


WIRELESS FACILITIES: Lovell and Sirota Law Firms File Suit In S.D. NY
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The law firms of Lovell & Stewart, LLP and Sirota & Sirota, LLP filed
late last week a class action lawsuit on behalf of all persons and
entities who purchased, converted, exchanged or otherwise acquired the
common stock of Wireless Facilities, Inc. (Nasdaq:WFII) between
November 4, 1999 and June 1, 2001, inclusive.

The lawsuit asserts claims under Section 11, 12 and 15 of the
Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities
Exchange Act of 1934 and Rule 10b-5 promulgated by the SEC thereunder
and seeks to recover damages.

For more information, contact: Lovell & Stewart, LLP, New York through
Christopher Lovell, Victor E. Stewart or Christopher J. Gray by Phone:
212/608-1900 or by E-mail: sklovell@aol.com or contact: Sirota &
Sirota, LLP, New York through Howard B. Sirota or Saul Roffe by Phone:
212/425-9055 or by E-mail: info@sirotalaw.com


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S U B S C R I P T I O N   I N F O R M A T I O N

Class Action Reporter is a daily newsletter, co-published by Bankruptcy
Creditors' Service, Inc., Trenton, New Jersey, and Beard Group, Inc.,
Washington, D.C.  Enid Sterling, Larri-Nil Veloso and Lyndsey Resnick,
Editors.

Copyright 2001.  All rights reserved.  ISSN 1525-2272.

This material is copyrighted and any commercial use, resale or
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Information contained herein is obtained from sources believed to be
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