Pinnacle Micro, Inc. - Securities Class Action

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Copyright (c) 2001
Stanford Law School

Pinnacle Micro, Inc. Conclusion: On or about November 10, 1997, the Company reached an agreement in principle with the plaintiffs to settle the lawsuit. Plaintiffs have agreed to accept payment of $2,325,000 in exchange for a complete release of all claims arising from the allegations set forth in the plaintiffs' complaint. The Company's insurers agreed to advance all settlement and defense costs, including the Company's attorneys' fees and expenses, subject to the Company's agreement to reimburse the insurers for up to approximately $577,000 of those settlement and defense costs if the Company achieves certain positive financial results prior to the Federal Court's final approval of the settlement.

By the Order dated September 13, 1996, the case was transferred from the Southern Division of California of Judge Gary L. Taylor to the Western Division of California of Judge Dean D. Pregerson, New Case No. CV 96-6441.

According to the original complaint dated March 15, 1996, the Company management engaged in improper accounting practices and made certain false and misleading statements.

INDUSTRY CLASSIFICATION:
SIC Code: 3572
Sector: Technology
Industry: Computer Storage Devices

COMPANY/ISSUER NAME:	Pinnacle Micro, Inc.
COMPANY/ISSUER TICKER:	PNCL
COMPANY WEBSITE:	http://www.pinnaclemicro.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Dolores M. Willis, et al. v. Pinnacle Micro, Inc., et al.

COURT: C.D. California	DOCKET NUMBER: 96-CV-00261
JUDGE NAME: Hon. Gary L. Taylor
DATE FILED: 03/15/1996	SOURCE: Internet
CLASS PERIOD START: 05/22/1995	CLASS PERIOD END: 02/19/1996
TYPE OF COMPLAINT: Unamended/Unconsolidated
PLAINTIFF FIRMS IN THIS OR SIMILAR CASE:
Berger & Montague PC 1622 Locust Street, Philadelphia, PA, 19103 (voice) 800.424.6690, (fax) 215.875.4604, investorprotect@bm.net Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA) 600 West Broadway, 1800 One America Plaza, San Diego, CA, 92101 (voice) 800.449.4900, (fax) , support@milberg.com Schiffrin & Barroway LLP 3 Bala Plaza E, Bala Cynwyd, PA, 19004 (voice) 610.667.7706, (fax) 610.667.7056, info@sbclasslaw.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 3

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Class Action Complaint for Violations of the Securities Exchange Act of 1934 and the California Corp. Code
Type: Complaint		Date on the document: 03/15/1996
U.S. District Court Civil Docket
Type: Docket		Date on the document: 09/13/1996

REFERENCE COMPLAINT

Dolores M. Willis, et al. v. Pinnacle Micro, Inc., et al.

COURT: C.D. California	DOCKET NUMBER: 96-CV-6441
JUDGE NAME: Hon. Dean D. Pregerson
DATE FILED: 10/11/1996	SOURCE: Business Wires
CLASS PERIOD START: 05/22/1995	CLASS PERIOD END: 02/19/1996
TYPE OF COMPLAINT: First Amended
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Berger & Montague PC 1622 Locust Street, Philadelphia, PA, 19103 (voice) 800.424.6690, (fax) 215.875.4604, investorprotect@bm.net Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA) 600 West Broadway, 1800 One America Plaza, San Diego, CA, 92101 (voice) 800.449.4900, (fax) , support@milberg.com Schiffrin & Barroway LLP 3 Bala Plaza E, Bala Cynwyd, PA, 19004 (voice) 610.667.7706, (fax) 610.667.7056, info@sbclasslaw.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 3

DOCUMENTS FOR THE REFERENCE COMPLAINT
CIVIL DOCKET FOR CASE #: 96-CV-6441
Type: Docket		Date on the document: 04/07/1999

OTHER DOCUMENTS

Case Name and/or Number:
Type:		Date on the document:

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