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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of Earliest event reported) October 18, 2000
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PILOT NETWORK SERVICES, INC.
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(Exact name of registrant as specified in Charter)
Delaware 000-24507 94-3305774
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(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
1080 Marina Village Parkway, Alameda, California 94501
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:(510) 433-7800
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None
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
Legal Proceedings
In October 2000, seven purported shareholder class action lawsuits were
filed against Pilot Network Services, Inc. (the "Company") and certain of its
officers and directors in the United States District Court for the Northern
District of California: St. John, et al., Plaintiff v. Pilot Network Services,
Inc., et al. Case No. C 00-03862 WDB; Capece, et al. v. Pilot Network Services,
Inc., et al., Case No. C 00-21072 PVT; Juetten, et al. v. Pilot Network
Services, Inc., et al. Case No. C 00-03914 BZ; Olsen, et al. v. Pilot Network
Services, Inc., et al. Case No. C 00-21090 PVT; Minzer, et al. v. Pilot Network
Services, Inc., et al. Case No. C 00-03952 JCS; Galton, et al. v. Pilot Network
Services, Inc., et al. Case No. C 00-03989 Shapiro, et al.v. Pilot Network
Services, Inc., et al. Case No. C 00-3966 WDB. The complaints allege generally
that certain Company statements were false and misleading when made and that
those statements unlawfully inflated the market value of the Company's stock.
The lawsuits seek monetary damages and unspecified injunctive relief. The
Company intends to vigorously defend itself against all claims.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned herewith duly authorized.
Date: November 8, 2000 PILOT NETWORK SERVICES, INC.
By: /s/ M. Marketta Silvera
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M. Marketta Silvera, President
and Chief Executive Officer
