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CBT Group, PLC : American Depositary Shares Conclusion: According to closing Order, dated February 27, 2004, from U.S. Distric Judge Ronald M. Whyte of the U.S. District Court for the Northern District of California, the case was dismissed with prejudice.
In a Press Release dated December 1, 2003, SkillSoft PLC, formerly CBT Group, PLC, announced that it has agreed to settle the class action lawsuit filed against the Company, one of its subsidiaries and certain of its former and current officers and directors in 1998. Under the terms of the settlement, the Company will make a $10 million cash payment within 30 days and an additional $6 million payment in mid-2004. The Company's insurance carriers will pay an additional $16 million for total settlement payments of $32 million.
According to a Form 10-K, at the end of its fiscal third quarter of 1998, several purported class action lawsuits were filed in the United States District Court for the Northern District of California against CBT Group, one of its subsidiaries and certain members of its former and current officers and directors alleging violations of the federal securities laws. It has been alleged in these lawsuits that the company misrepresented or omitted to state material facts regarding business and financial condition and prospects in order to artificially inflate and maintain the price of its ADSs, and misrepresented or omitted to state material facts in its registration statement and prospectus issued in connection with its merger with ForeFront, which also is alleged to have artificially inflated the price of the company's ADSs.
The original complaint alleged that defendats violated federal securities laws by making misrepresentations about CBT Group's business, earnings growth and financial statements and its ability to continue to achieve profitable growth.
INDUSTRY CLASSIFICATION:
SIC Code: 7372
Sector: Technology
Industry: Software & Programming
| COMPANY/ISSUER NAME: | CBT Group, PLC |
| COMPANY/ISSUER TICKER: | CBTSY |
| COMPANY WEBSITE: | http://www.cbtsys.ie/cbt_group/cbt_group.html# |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| King v. CBT Group, PLC, et al. | |||||||||||||||||
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| REFERENCE COMPLAINT | |||||||||||||||||
| In Re CBT Group, PLC, Securities Litigation | |||||||||||||||||
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| OTHER DOCUMENTS | |||
| Complaint for Violation of the Securities Exchange Act of 1934 | |||
| Case Name and/or Number: Anderson, et al. v. CBT Group, PLC, et al. | |||
| Type: Complaint | Date on the document: 10/02/1998 | ||
| Complaint for Violations of the Federal Securities Laws | |||
| Case Name and/or Number: Farwell v. CBT Group, PLC, et al. | |||
| Type: Complaint | Date on the document: 10/16/1998 | ||
| Complaint for Violation of the Securities Exchange Act of 1934 | |||
| Case Name and/or Number: Richter v. CBT Group, PLC, et al. | |||
| Type: Complaint | Date on the document: 10/30/1998 | ||
| Complaint for Violation of the Securities Exchange Act of 1934 | |||
| Case Name and/or Number: Gott v. CBT Group, PLC, et al. | |||
| Type: Complaint | Date on the document: 11/17/1998 | ||
| Docket | |||
| Case Name and/or Number: DeConti v. CBT Group, PLC, et al. | |||
| Type: Docket | Date on the document: 12/03/1998 | ||
| Litigants | |||
| Case Name and/or Number: DeConti v. CBT Group, PLC, et al. | |||
| Type: Other | Date on the document: 12/03/1998 | ||
| Docket | |||
| Case Name and/or Number: Gott v. CBT Group, PLC, et al. | |||
| Type: Docket | Date on the document: 12/31/1998 | ||
| Docket | |||
| Case Name and/or Number: Hall v. Buckley, et al. | |||
| Type: Docket | Date on the document: 01/13/1999 | ||
| Litigants | |||
| Case Name and/or Number: Hall v. Buckley, et al. | |||
| Type: Other | Date on the document: 01/13/1999 | ||
| Docket | |||
| Case Name and/or Number: Richter v. CBT Group, PLC, et al. | |||
| Type: Docket | Date on the document: 01/19/1999 | ||
| Litigants | |||
| Case Name and/or Number: Richter v. CBT Group, PLC, et al. | |||
| Type: Other | Date on the document: 01/19/1999 | ||
| Docket | |||
| Case Name and/or Number: Farwell v. CBT Group, PLC, et al. | |||
| Type: Docket | Date on the document: 01/21/1999 | ||
| Litigants | |||
| Case Name and/or Number: Farwell v. CBT Group, PLC, et al. | |||
| Type: Other | Date on the document: 01/21/1999 | ||
| Docket | |||
| Case Name and/or Number: Anderson, et al. v. CBT Group, PLC, et al. | |||
| Type: Docket | Date on the document: 01/25/1999 | ||
| Litigants | |||
| Case Name and/or Number: Anderson, et al. v. CBT Group, PLC, et al. | |||
| Type: Complaint | Date on the document: 01/25/1999 | ||
| Class Action Complaint | |||
| Case Name and/or Number: Leon v. CBT Group PLC, et al. | |||
| Type: Complaint | Date on the document: 02/18/1999 | ||
| Docket | |||
| Case Name and/or Number: Fein v. CBT Group, PLC, et al. | |||
| Type: Docket | Date on the document: 02/26/1999 | ||
| Docket | |||
| Case Name and/or Number: Leon v. CBT Group PLC, et al. | |||
| Type: Docket | Date on the document: 03/31/1999 | ||
| Docket | |||
| Case Name and/or Number: Sethi v. CBT Group, PLC, et al. | |||
| Type: Docket | Date on the document: 11/08/1999 | ||
| Litigants | |||
| Case Name and/or Number: Sethi v. CBT Group, PLC, et al. | |||
| Type: Other | Date on the document: 11/08/1999 | ||
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