Vanessa Simmonds v. Credit Suisse Securities (usa) LLC

FOR PUBLICATION
UNITED STATES COURT OF APPEALS
FOR THE NINTH CIRCUIT
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
CREDIT SUISSE SECURITIES (USA)
LLC; JPMORGAN CHASE & CO., a
Delaware corporation, successor in No. 09-35262
interest to Hambrecht & Quist and No. 09-35363
Chase Securities Inc.; BANK OF D.C. No. 2:07-cv-
AMERICA CORPORATION, a Delaware  01549-JLR
corporation, successor in interest Western District of
to Fleetboston Robertson Stephens, Washington,
Inc.; ONVIA INC., a Delaware Seattle
corporation formerly known as
Onvia.com Inc.; ROBERTSON
STEPHENS, INC.; J.P. MORGAN
SECURITIES INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5113

-- 1 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
DEUTSCHE BANK SECURITIES INC.; No. 09-35280 FOUNDRY NETWORKS INC., Nominal D.C. Nos. Defendant, a Delaware  2:07-cv-01566-JLR corporation; MERRILL LYNCH
2:07-cv-01549-JLR PIERCE FENNER & SMITH
INCORPORATED; J.P. MORGAN
SECURITIES INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
MERRILL LYNCH & CO. INC.,
Defendant, No. 09-35282
and No. 09-35375
FINISAR CORPORATION, Nominal  D.C. Nos.
Defendant, a Delaware 2:07-cv-01567-JLR
corporation; MERRILL LYNCH 2:07-cv-01549-JLR
PIERCE FENNER & SMITH
INCORPORATED; J.P. MORGAN
SECURITIES INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5114 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 2 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
MORGAN STANLEY & CO., No. 09-35285
INCORPORATED; LEHMAN BROTHERS, D.C. Nos.  INC.; BANK OF AMERICA 2:07-cv-01568-JLRCORPORATION; ROBERTSON 2:07-cv-01549-JLRSTEPHENS, INC.; AVANEX
CORPORATION,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
CREDIT SUISSE GROUP, a global
bank headquartered in Zurich,
Switzerland formerly known as No. 09-35286Credit Suisse First Boston No. 09-35367Corporation; BANK OF AMERICA
 CORPORATION, a Delaware D.C. Nos.
corporation, successor in interest 2:07-cv-01576-JLR
to BancBoston Robertson 2:07-cv-01549-JLR
Stephens, Inc.; TIVO INC., Nominal
Defendant, a Delaware
corporation; ROBERTSON STEPHENS,
INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5115 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 3 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
GOLDMAN SACHS & CO., a New
York limited partnership; BANK OF
AMERICA CORPORATION, a Delaware
corporation, successor in interest No. 09-35288 to FleetBoston Robertson D.C. Nos. Stephens, Inc.; ROBERTSON  2:07-cv-01569-JLR STEPHENS INC., a Massachusetts 2:07-cv-01549-JLR corporation,
Defendants-Appellees,
and
TURNSTONE SYSTEMS, INC., a
Delaware corporation,
Defendant.
In Re: SECTION 16(b) LITIGATION 
5116 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 4 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
GOLDMAN SACHS & CO., “Goldman
Sachs”; CREDIT SUISSE SECURITIES
(USA) LLC, “Credit Suisse” No. 09-35289 formerly known as Credit Suisse D.C. Nos. First Boston Corporation; BANK OF  2:07-cv-01577-JLR AMERICA CORPORATION, a Delaware 2:07-cv-01549-JLR corporation, successor in interest
to BancBoston Robertson
Stephens, Inc.; ROBERTSON
STEPHENS, INC.; JUNIPER NETWORKS
INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5117 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 5 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v. No. 09-35290
MORGAN STANLEY & CO., No. 09-35381
INCORPORATED; DEUTSCHE BANK D.C. Nos. SECURITIES, INC.; MERRILL LYNCH, 2:07-cv-01570-JLR
PIERCE, FENNER & SMITH 2:07-cv-01549-JLR
INCORPORATED; ARIBA INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v. No. 09-35292
No. 09-35364 MORGAN STANLEY & CO., D.C. Nos.  INCORPORATED; CITIGROUP GLOBAL
2:07-cv-01571-JLR MARKETS, INC.; AKAMAI
2:07-cv-01549-JLR TECHNOLOGIES, INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5118 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 6 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
GOLDMAN SACHS GROUP INC., a
Delaware corporation; JPMORGAN
CHASE & CO., a Delaware
corporation, successor in interest
to Hambrecht & Quist LLC, No. 09-35293
Defendants, D.C. Nos.
 2:07-cv-01578-JLR and 2:07-cv-01549-JLR
KANA SOFTWARE INC., Nominal
Defendant, a Delaware corporation
formerly known as Kana
Communications Inc.; GOLDMAN
SACHS & CO.; J.P. MORGAN
SECURITIES INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5119 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 7 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
MORGAN STANLEY, a Delaware
corporation, successor in interest
to Morgan Stanley Dean Witter,
Defendant,
and
No. 09-35297SILICON LABORATORIES INC., No. 09-35373Nominal Defendant, a Delaware D.C. Nos.  corporation; MORGAN STANLEY & 2:07-cv-01590-JLRCO. INCORPORATED; LEHMAN 2:07-cv-01549-JLRBROTHERS INC.; CITIGROUP GLOBAL
MARKETS, INC.,
Defendants-Appellees,
JAMES W. GIDDENS,
TRUSTEE FOR THE
LIQUIDATION OF THE BUSINESS OF
LEHMAN BROTHERS INC.,
Trustee-Appellee.
In Re: SECTION 16(b) LITIGATION 
5120 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 8 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
GOLDMAN SACHS GROUP INC., a
Delaware corporation,
Defendant,
and
BANK OF AMERICA CORPORATION, a No. 09-35300
Delaware corporation, successor in D.C. Nos.
interest to BancBoston Robertson  2:07-cv-01593-JLR
Stephens, Inc.; PALM INC., 2:07-cv-01549-JLR
Nominal Defendant, a Delaware
corporation; GOLDMAN SACHS &
CO.; MORGAN STANLEY & CO.
INCORPORATED; MERRILL LYNCH
PIERCE FENNER & SMITH
INCORPORATED; ROBERTSON
STEPHENS, INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5121 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 9 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
GOLDMAN SACHS GROUP INC.,
Defendant,
No. 09-35301 and No. 09-35374
BANK OF AMERICA CORPORATION, a D.C. Nos. Delaware corporation, successor in 2:07-cv-01594-JLR
interest to BancBoston Robertson 2:07-cv-01549-JLR
Stephens, Inc.; MAXYGEN INC.,
Nominal Defendant, a Delaware
corporation; GOLDMAN SACHS &
CO.; ROBERTSON STEPHENS, INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5122 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 10 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
CREDIT SUISSE GROUP, a global
bank headquartered in Zurich,
Switzerland FKA Credit Suisse
First Boston Corporation; BANK OF No. 09-35302
AMERICA CORPORATION, a Delaware  D.C. No.
corporation, successor in interest 2:07-cv-01575-JLR
to BancBoston Robertson
Stephens, Inc.; SILICON IMAGE,
INC., Nominal Defendant, a
Delaware corporation; ROBERTSON
STEPHENS, INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5123 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 11 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
GOLDMAN SACHS GROUP INC., a No. 09-35303 Delaware corporation, No. 09-35391 Defendant, D.C. Nos. and 2:07-cv-01595-JLR
2:07-cv-01549-JLR STREET.COM INC.; GOLDMAN SACHS
& CO.; J.P. MORGAN SECURITIES
INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
BANK OF AMERICA CORPORATION, a
Delaware corporation, successor in No. 09-35306interest to BancBoston Robertson
 Stephens, Inc.; CRITICAL PATH, D.C. No.
INC., Nominal Defendant, a 2:07-cv-01582-JLR
California corporation; ROBERTSON
STEPHENS, INC.; J.P. MORGAN
SECURITIES, INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5124 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 12 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
BANK OF AMERICA CORPORATION, a No. 09-35307 Delaware corporation, successor in D.C. Nos. interest to BancBoston Robertson  2:07-cv-01585-JLR Stephens, Inc.; CONCUR
2:07-cv-01549-JLR TECHNOLOGIES, INC., a Delaware
corporation; ROBERTSON STEPHENS,
INC.; J.P. MORGAN SECURITIES, INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
CREDIT SUISSE GROUP, a global
bank headquartered in Zurich,
Switzerland; SOURCEFORGE, INC.,
Nominal Defendant, a Delaware No. 09-35308
corporation, FKA VA Linux  D.C. No. Systems, Inc.; LEHMAN BROTHERS, 2:07-cv-01583-JLR INC.,
Defendants-Appellees,
JAMES W. GIDDENS, Trustee for the
Liquidation of the Business of
Lehman Brothers, Inc.,
Trustee-Appellee.
In Re: SECTION 16(b) LITIGATION 
5125 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 13 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
No. 09-35309 v. No. 09-35369
GOLDMAN SACHS & CO.; J.P. D.C. Nos. MORGAN SECURITIES, INC.; RED 2:07-cv-01587-JLR
HAT, INC., a Delaware corporation, 2:07-cv-01549-JLR
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
No. 09-35310CREDIT SUISSE GROUP, a global No. 09-35368bank headquartered in Zurich, Switzerland; SELECTICA, INC., D.C. No.
Nominal Defendant, a Delaware 2:07-cv-01584-JLR
corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5126 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 14 of 36 --

 VANESSA SIMMONDS
Plaintiff-Appellant,
v.
CREDIT SUISSE GROUP SECURITIES
(USA) LLC, a Delaware limited
liability company; BANK OF No. 09-35312
AMERICA CORPORATION, a Delaware D.C. Nos.
 corporation; ROBERTSON STEPHENS, 2:07-cv-01579-JLR
INC., a Massachusetts corporation, 2:07-cv-01549-JLR
Defendants-Appellees,
and
INTERWOVEN, INC.,
Defendant.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS
Plaintiff-Appellant,
v. No. 09-35313
MORGAN STANLEY & CO., No. 09-35370
INCORPORATED; J.P. MORGAN D.C. Nos. SECURITIES, INC.; VIGNETTE 2:07-cv-01588-JLR
CORPORATION, a Delaware 2:07-cv-01549-JLR
corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5127 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 15 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
No. 09-35314 MORGAN STANLEY & CO., No. 09-35371 INCORPORATED; J.P. MORGAN
D.C. Nos.  SECURITIES, INC.; LEHMAN
2:07-cv-01589-JLR BROTHERS, INC.; SYCAMORE
2:07-cv-01549-JLR NETWORKS, INC., a Delaware
corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
CREDIT SUISSE GROUP SECURITIES
(USA) LLC, a Delaware limited
liability company; BANK OF
AMERICA CORPORATION, a Delaware No. 09-35315
corporation; ROBERTSON STEPHENS,  D.C. No. INC.; J.P. MORGAN SECURITIES INC., 2:07-cv-01580-JLR a Delaware corporation,
Defendants-Appellees,
and
OPENWAVE SYSTEMS, INC., a
California corporation,
Defendant.
In Re: SECTION 16(b) LITIGATION 
5128 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 16 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
CREDIT SUISSE GROUP SECURITIES
(USA) LLC, a Delaware limited
liability company; BANK OF
No. 09-35316 AMERICA CORPORATION, a Delaware D.C. Nos. corporation; ROBERTSON STEPHENS,  2:07-cv-01581-JLR INC., 2:07-cv-01549-JLR Defendants-Appellees,
and
INFORMATICA CORPORATION, a
Delaware corporation,
Defendant.
In Re: SECTION 16(b) LITIGATION 
5129 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 17 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
CREDIT SUISSE GROUP SECURITIES
(USA) LLC, a Delaware limited
liability company; BANK OF
AMERICA CORPORATION, a Delaware
corporation; ROBERTSON STEPHENS, No. 09-35317 INC., a Massachusetts corporation; No. 09-35365 MERRILL LYNCH, PIERCE, FENNER &
D.C. Nos.  SMITH INCORPORATED, a Delaware 2:07-cv-01572-JLR corporation; CITIGROUP GLOBAL
2:07-cv-01549-JLR MARKETS INC., a New York
corporation,
Defendants-Appellees,
and
INTERSIL CORPORATION, a Delaware
corporation,
Defendant.
In Re: SECTION 16(b) LITIGATION 
5130 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 18 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
GOLDMAN SACHS GROUP INC.,
Defendant,
and
BANK OF AMERICA CORPORATION, a
Delaware corporation, successor in
interest to Fleetboston Robertson No. 09-35318
Stephens, Inc.; SONUS NETWORKS No. 09-35393
INC., a Delaware corporation; D.C. Nos. 
GOLDMAN SACHS & CO.; LEHMAN 2:07-cv-01597-JLR
BROTHERS INC.; ROBERTSON 2:07-cv-01549-JLR
STEPHENS, INC.; J.P. MORGAN
SECURITIES INC.,
Defendants-Appellees,
JAMES W. GIDDENS,
TRUSTEE FOR THE
LIQUIDATION OF THE BUSINESS OF
LEHMAN BROTHERS INC.,
Trustee-Appellee.
In Re: SECTION 16(b) LITIGATION 
5131 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 19 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
MORGAN STANLEY & CO.,
INCORPORATED; J.P. MORGAN
SECURITIES, INC., a Delaware No. 09-35320
corporation; LEHMAN BROTHERS, No. 09-35366
 INC., a Delaware corporation, D.C. No.
Defendants-Appellees, 2:07-cv-01573-JLR
and
AVICI SYSTEMS, INC., a Delaware
corporation,
Defendant.
In Re: SECTION 16(b) LITIGATION 
5132 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 20 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
BANK OF AMERICA CORPORATION, a
Delaware corporation, successor in No. 09-35321
interest to BancBoston Robertson No. 09-35397
Stephens, Inc.; PRICELINE.COM INC., D.C. Nos. a Delaware corporation; MORGAN 2:07-cv-01598-JLR
STANLEY & CO. INCORPORATED; 2:07-cv-01549-JLR
MERRILL LYNCH PIERCE FENNER &
SMITH INCORPORATED; ROBERTSON
STEPHENS, INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
No. 09-35322 GOLDMAN SACHS & CO.; LEHMAN
D.C. Nos. BROTHERS, INC.; J.P. MORGAN  2:07-cv-01632-JLR SECURITIES, INC.; MARVELL
2:07-cv-01549-JLR TECHNOLOGY GROUP, LTD., a
Bermuda corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5133 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 21 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
No. 09-35323 MORGAN STANLEY & CO., No. 09-35404 INCORPORATED; MERRILL LYNCH
D.C. Nos.  PIERCE FENNER & SMITH
2:07-cv-01631-JLR INCORPORATED; PEROT SYSTEMS
2:07-cv-01549-JLR CORPORATION, a Delaware
corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5134 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 22 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
CREDIT SUISSE GROUP, a global
bank headquartered in Zurich,
Switzerland; DEUTSCHE BANK AG,
a global bank headquartered in
Frankfurt, Germany; LEHMAN
BROTHERS HOLDINGS, INC., a
Delaware corporation; AIRSPAN No. 09-35324
NETWORKS, INC., Nominal  D.C. No. Defendant, a Washington 2:07-cv-01638-JLR corporation; DEUTSCHE BANK
SECURITIES, INC.; LEHMAN
BROTHERS, INC.,
Defendants-Appellees,
and
JAMES W. GIDDENS, Trustee for the
Liquidation of the Business of
Lehman Brothers, Inc.,
Trustee-Appellee.
In Re: SECTION 16(b) LITIGATION 
5135 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 23 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
GOLDMAN SACHS & CO.; BANK OF
No. 09-35325 AMERICA CORPORATION, a Delaware D.C. Nos. corporation, successor in interest  2:07-cv-01630-JLR BancBoston Robertson Stephens 2:07-cv-01549-JLR Inc.; ROBERTSON STEPHENS, INC.;
INSWEB CORPORATION, a Delaware
corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v. No. 09-35326
MORGAN STANLEY & CO., No. 09-35405
INCORPORATED; DEUTSCHE BANK D.C. Nos. SECURITIES, INC.; ASIAINFO 2:07-cv-01633-JLR
HOLDINGS, INC., a Delaware 2:07-cv-01549-JLR
corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5136 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 24 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
BANK OF AMERICA CORPORATION, a
Delaware corporation, successor in No. 09-35328 interest to BancBoston Robertson D.C. Nos. Stephens, Inc. and FleetBoston  2:07-cv-01634-JLR Roberton Stephens, Inc.; 2:07-cv-01549-JLR ROBERTSON STEPHENS, INC.; J.P.
MORGAN SECURITIES, INC.; KEYNOTE
SYSTEMS, INC., a Delaware
corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
BANK OF AMERICA CORPORATION, a
Delaware corporation, successor in No. 09-35327
interest to BancBoston Robertson No. 09-35382
 Stephens, Inc.; ROBERTSON D.C. No.
STEPHENS, INC.; J.P. MORGAN 2:07-cv-01652-JLR
SECURITIES INC.; DIGIMARC
CORPORATION, Nominal Defendant,
a Delaware corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5137 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 25 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
No. 09-35331 GOLDMAN SACHS & CO.; BEAR
D.C. Nos. STEARNS & CO., INC.; DEUTSCHE  2:07-cv-01635-JLR BANK SECURITIES, INC.; TIBCO
2:07-cv-11549-JLR SOFTWARE, INC., a Delaware
corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
No. 09-35333 MARTHA STEWART LIVING
No. 09-35380 OMNIMEDIA INC., a Delaware D.C. Nos.  corporation; MORGAN STANLEY & 2:07-cv-01605-JLR CO. INCORPORATED; MERRILL LYNCH
2:07-cv-01549-JLR PIERCE FENNER & SMITH
INCORPORATED,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5138 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 26 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v. No. 09-35334
CREDIT SUISSE GROUP, a global No. 09-35383
bank headquartered in Zurich, D.C. Nos. Switzerland; AUDIBLE INC., a 2:07-cv-01623-JLR
Delaware corporation; J.P. 2:07-cv-01549-JLR
MORGAN SECURITIES INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
GOLDMAN SACHS & CO., a New
York limited partnership; MERRILL
LYNCH PIERCE FENNER & SMITH
INCORPORATED, a Delaware No. 09-35335
corporation; BANK OF AMERICA No. 09-35377
CORPORATION, a Delaware D.C. Nos. corporation, ROBERTSON STEPHENS, 2:07-cv-01637-JLR
INC., a Massachusetts corporation, 2:07-cv-01549-JLR
Defendants-Appellees,
and
SABA SOFTWARE, INC., a Delaware
corporation,
Defendant.
In Re: SECTION 16(b) LITIGATION 
5139 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 27 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
MORGAN STANLEY & CO.
INCORPORATED, a Delaware
corporation; DEUTSCHE BANK
SECURITIES INC., a Delaware No. 09-35337
corporation; CITIGROUP GLOBAL D.C. Nos.
 MARKETS, INC., a New York 2:07-cv-01636-JLR
corporation, 2:07-cv-01549-JLR
Defendants-Appellees,
and
TRANSMETA CORPORATION, a
Delaware corporation,
Defendant.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
No. 09-35339 CAPSTONE TURBINE CORPORATION, a No. 09-35395 Delaware corporation; GOLDMAN
D.C. Nos.  SACHS & CO.; MERRILL LYNCH
2:07-cv-01624-JLR PIERCE FENNER & SMITH
2:07-cv-01549-JLR INCORPORATED; MORGAN STANLEY &
CO. INCORPORATED,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5140 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 28 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v. No. 09-35344
MORGAN STANLEY & CO. D.C. Nos.
 INCORPORATED; BROCADE 2:07-cv-01626-JLR
COMMUNICATIONS SYSTEMS INC., a 2:07-cv-01549-JLR
Delaware corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
BANK OF AMERICA CORPORATION, a No. 09-35345
Delaware corporation, successor in No. 09-35399
interest to Robertson Stephens, D.C. Nos. Inc.; J.P. MORGAN SECURITIES INC.; 2:07-cv-01667-JLR
ROBERTSON STEPHENS, INC.; OPLINK 2:07-cv-01549-JLR
COMMUNICATIONS, INC., a Delaware
corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5141 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 29 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
BANK OF AMERICA CORPORATION, a No. 09-35346Delaware corporation, successor in No. 09-35398interest to BancBoston Robertson Stephens, Inc.; ROBERTSON D.C. No.
STEPHENS, INC.; J.P. MORGAN 2:07-cv-01666-JLR
SECURITIES INC.; NAVASITE, INC., a
Delaware corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
MORGAN STANLEY & CO. No. 09-35347INCORPORATED, a Delaware No. 09-35394corporation; DEUTSCHE BANK SECURITIES, INC., a Delaware D.C. No.
corporation; ASPECT MEDICAL 2:07-cv-01655-JLR
SYSTEMS, INC., Nominal Defendant,
a Delaware corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5142 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 30 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
BANK OF AMERICA CORPORATION, a
Delaware corporation, successor in No. 09-35348
interest to BancBoston Robertson No. 09-35387
 Stephens, Inc.; ROBERTSON D.C. No.
STEPHENS, INC.; BEAR STEARNS & 2:07-cv-01654-JLR
CO., INC.; PACKETEER, INC.,
Nominal Defendant, a Delaware
corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
BANK OF AMERICA CORPORATION, a No. 09-35349 Delaware corporation, successor in D.C. Nos. interest to Fleetboston Robertson  2:07-cv-01668-JLR Stephens, Inc.; ROBERTSON
2:07-cv-01549-JLR STEPHENS, INC.; OMNIVISION
TECHNOLOGIES, INC., a Delaware
corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5143 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 31 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v. No. 09-35350
No. 09-35400 CREDIT SUISSE SECURITIES (USA), D.C. Nos.  LLC; OCCAM NETWORKS, INC., a 2:07-cv-01669-JLR Delaware corporation, FKA 2:07-cv-01549-JLR Accelerated Networks, Inc.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
J.P. MORGAN SECURITIES INC.; BEAR
STEARNS & CO., INC.; BANK OF
No. 09-35351 AMERICA CORPORATION, a Delaware D.C. Nos. corporation, successor in interest  2:07-cv-01670-JLR to Bancboston Robertson 2:07-cv-01549-JLR Stephens, Inc.; ROBERTSON
STEPHENS, INC.; IMMERSION
CORPORATION, a Delaware
corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5144 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 32 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
MORGAN STANLEY & CO.
INCORPORATED, a Delaware No. 09-35352
corporation; CREDIT SUISSE No. 09-35384
 SECURITIES (USA), LLC; J.P. D.C. No.
MORGAN SECURITIES, INC.; INTERNAP 2:07-cv-01653-JLR
NETWORK SERVICES CORPORATION,
Nominal Defendant, a Delaware
corporation,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v. No. 09-35355
MICROTUNE INC., a Delaware  D.C. No.
corporation; GOLDMAN SACHS & 2:07-cv-01627-JLR
CO.; J.P. MORGAN SECURITIES INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5145 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 33 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
BANK OF AMERICA CORPORATION, a No. 09-35357 Delaware corporation, successor in D.C. Nos. interest to BancBoston Robertson  2:07-cv-01628-JLR Stephens, Inc.; MORGAN STANLEY
2:07-cv-01549-JLR & CO. INCORPORATED; ROBERTSON
STEPHENS, INC.; EXTREME NETWORKS
INC.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
 VANESSA SIMMONDS,
Plaintiff-Appellant,
v.
BANK OF AMERICA CORPORATION, a No. 09-35358 Delaware corporation, successor in No. 09-35390 interest to Robertson Stephens, D.C. Nos.  Inc.; J.P. MORGAN SECURITIES INC.; 2:07-cv-01629-JLR ROBERTSON STEPHENS, INC.; COSINE
2:07-cv-01549-JLR COMMUNICATIONS INC., a Delaware
corporation; GOLDMAN SACHS &
CO.,
Defendants-Appellees.
In Re: SECTION 16(b) LITIGATION 
5146 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 34 of 36 --

 VANESSA SIMMONDS,
Plaintiff-Appellee,
v.
CREDIT SUISSE SECURITIES (USA) No. 09-35363LLC; CREDIT SUISSE SECURITIES D.C. Nos.(USA) LLC; J.P. MORGAN 2:07-cv-01549-JLR  SECURITIES INC.; BANK OF AMERICA 2:07-cv-01549-JLRCORPORATION, a Delaware
corporation, successor in interest ORDER
to Fleetboston Robertson Stephens,
Inc.; ROBERTSON STEPHENS, INC.,
Defendants-Appellants.
In Re: SECTION 16(b) LITIGATION 
ON REMAND FROM THE SUPREME COURT
OF THE UNITED STATES
Filed May 15, 2012
Before: Sidney R. Thomas and Milan D. Smith, Jr.,
Circuit Judges, and Michael R. Hogan, District Judge.*
ORDER
The following Non-Moving Issuer cases are REMANDED
to the district court for proceedings consistent with the Opin-
ion of the Supreme Court in Credit Suisse Securities (USA)
LLC v. Simmonds, 132 S. Ct. 1414 (2012): 09-35280, 09-
35285, 09-35288, 09-35289, 09-35293, 09-35300, 09-35302,
*The Honorable Michael R. Hogan, United States District Judge for the
District of Oregon, sitting by designation.
5147 SIMMONDS v. CREDIT SUISSE SECURITIES

-- 35 of 36 --

09-35306, 09-35307, 09-35308, 09-35312, 09-35315, 09-
35316, 09-35322, 09-35324, 09-35325, 09-35328, 09-35331,
09-35337, 09-35344, 09-35349, 09-35351, 09-35355, and 09-
35357.
Consistent with this Court’s January 18, 2011 opinion, the
district court is ordered to DISMISS WITH PREJUDICE the
following Moving Issuer cases due to Simmonds’s failure to
satisfy Delaware’s demand requirement: 09-35262, 09-35282,
09-35286, 09-35290, 09-35292, 09-35297, 09-35301, 09-
35303, 09-35309, 09-35310, 09-35313, 09-35314, 09-35317,
09-35318, 09-35320, 09-35321, 09-35323, 09-35326, 09-
35327, 09-35333, 09-35334, 09-35335, 09-35339, 09-35345,
09-35346, 09-35347, 09-35348, 09-35350, 09-35352, and 09-
35358.
5148 SIMMONDS v. CREDIT SUISSE SECURITIES

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