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P-Com, Inc. Summary: According to the docket, on January 15, 1999, a Motion was filed by the defendant to stay discovery in the parallel state securities class action, and on January 29, 1999, the Court entered a Stipulation and Order for voluntary dismissal of the class action. There is no mention in the Notice of Settlement for the state court action of a settlement involving the federal action.
The complaint charges P-Com and certain of its officers and directors with violations of the securities laws. P-Com supplies equipment and services for access to worldwide telecommunications and broadcast networks. This action arises out of defendants' dissemination of false and misleading statements about P-Com's business, operations and prospects, which statements were made for the purpose of allowing the individual defendants herein to sell over 672,000 shares of their P-Com stock at prices as high as $23 per share for proceeds of more than $13.1 million and allowing P-Com to use (sell) $42 million worth of P-Com stock as currency to acquire Central Resources Corporation ("CRC"), RT Masts Limited ("RT Masts") and Telematics, Inc. ("Telematics").
INDUSTRY CLASSIFICATION:
SIC Code: 3663
Sector: Technology
Industry: Communications Equipment
| COMPANY/ISSUER NAME: | P-Com, Inc. |
| COMPANY/ISSUER TICKER: | PCMS |
| COMPANY WEBSITE: | http://www.p-com.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Schmidt, et al. v. P-Com. Inc., et al. | |||||||||||||||||
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| OTHER DOCUMENTS | |||
| Complaint | |||
| Case Name and/or Number: Dwyer v. P-Com, Inc., et al. | |||
| Type: Complaint | Date on the document: 12/03/1998 | ||
| Notice Of Pendency And Proposed Settlement Of Class Action | |||
| Case Name and/or Number: In Re P-Com, Inc., Securities Litigation | |||
| Type: Notice | Date on the document: 11/30/2001 | ||
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