Heartland Wireless Communications, Inc.

Company and Case Information

IMPORTANT INFORMATION | INDEX OF FILINGS | SEARCH

Home

Index of Filings

News and Press Releases

Filings

Decisions

Settlements

Litigation Activity Indices

Top Ten List

Annual/Quarterly Updates

Clearinghouse Research

Articles & Papers

Search

Related Sites

About Us

Local Rules

Sponsors

Register

_______________
Copyright (c) 2001
Stanford Law School

Heartland Wireless Communications, Inc. Conclusion: The original complaint alleges Defendant engaged in a course of conduct that was designed to, and did deceive the investing public, including Plaintiff and other members of the Class concerning the financial condition of the Company by, inter alia, (a) failing to reflect the materially impaired value of substantial assets and goodwill reflected on the Company's financial statements; (b) failing to characterize accurately the amount of its short-term debt; (c) materially misrepresenting the number of its subscribers, its revenue per subscriber, and its so-called "churn rate"; (d) artificially inflating the market price of Heartland stock during the Class Period; (e) allowing certain officers and directors to knowingly and improperly take advantage of the Company's artificially inflated stock during the Class Period by selling large blocks of their individual Heartland holdings for large profits; and (f) causing substantial loss to Plaintiff and other members of the Class. In furtherance of this plan and course of conduct, Defendant took the actions as set forth herein.

On December 15, 1998, defendant Heartland Wireless filed a Notice of Bankruptcy, and on December 17, 1998, the Court entered the Order administratively closing the action as to Heartland without prejudice to being reopened after the related bankruptcy proceeding is concluded or the stay is lifted. On January 4, 1999, the plaintiffs filed a First Amended Complaint. The defendants responded by filing a motion to dismiss the First Amended Complaint. On July 8, 1999, the motion was granted with leave to amend. On August 23, 1999, the plaintiffs filed a Second Amended Complaint. The defendants responded by filing a motion to dismiss the Second Amended Complaint.

On June 19, 2000, the Court entered the Order and Judgment granting the motion to dismiss the plaintiffs’ second amended complaint with prejudice. The Plaintiff filed a Notice of Appeal, and on March 22, 2002, the Court entered the Judgment of the Fifth Circuit Court of Appeals dismissing the appeal.

INDUSTRY CLASSIFICATION:
SIC Code: 4841
Sector: Services
Industry: Communications Services

COMPANY/ISSUER NAME:	Heartland Wireless Communications, Inc.
COMPANY/ISSUER TICKER:	HART
COMPANY WEBSITE:	http://www.hlipublishing.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Robert Coates, et al. v. Heartland Wireless Communications, Inc., et al.

COURT: N.D. Texas	DOCKET NUMBER: 98-CV-00452
JUDGE NAME: Hon. Sidney A. Fitzwater
DATE FILED: 02/19/1998	SOURCE: Business Wires
CLASS PERIOD START: 11/14/1996	CLASS PERIOD END: 03/20/1997
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Kilgore & Kilgore 3131 McKinney Ave., LB 103, Ste. 700, Dallas, TX, 75204-2471 (voice) 214.969.9090, (fax) 214.953.0130, dcm@kilgorelaw.com Kramer, Kramer & Kilgallen 82 Bethany Road, Hazlet, NJ, 07730 (voice) 732.888.4700, (fax) , 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 Stanley, Mandel & Iola LLP (Dallas) 3100 Monticello Avenue, Suite 750 , Dallas, TX, 75205 (voice) 214.443.4300, (fax) , _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 4

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Complaint
Type: Complaint		Date on the document: 02/19/1998

REFERENCE COMPLAINT

Robert Coates, et al. v. Heartland Wireless Communications, Inc., et al.

COURT: N.D. Texas	DOCKET NUMBER: 98-CV-00452
JUDGE NAME: Hon. Sidney A. Fitzwater
DATE FILED: 08/23/1999	SOURCE: Business Wires
CLASS PERIOD START: 11/15/1995	CLASS PERIOD END: 08/14/1998
TYPE OF COMPLAINT: Second Amended
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Claxton & Hill 3131 McKinney Ave., Suite 700 LB 103, Dallas, TX, 75204-2471ney (voice) 214.969.9099, (fax) , _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 1

DOCUMENTS FOR THE REFERENCE COMPLAINT
Order
Type: Order		Date on the document: 11/02/1998
First Amended Complaint
Type: Complaint		Date on the document: 01/04/1999
Second Amended Complaint
Type: Complaint		Date on the document: 08/23/1999
Judgment
Type: Other		Date on the document: 06/16/2000
Notice Of Proposed Settlement Of Class Action
Type: Notice		Date on the document: 10/19/2001
U.S. District Court Civil Docket
Type: Docket		Date on the document: 03/22/2002

OTHER DOCUMENTS
Class Action Complaint for Violations of the Securities Exchange Act of 1934
Case Name and/or Number: Shehadi v. Webb, et al.
Type: Complaint		Date on the document: 11/10/1998
U.S. District Court Civil Docket
Case Name and/or Number: Shehadi v. Webb, et al.
Type: Docket		Date on the document: 12/10/2001

WARNING AND DISCLAIMER OF LIABILITY:
The information included on this Web site, whether provided by personnel employed by Stanford Law School or by third parties, is provided for research and teaching purposes only. Neither Stanford University, Stanford Law School, nor any of their employees, agents, contractors, or affiliates warrant the accuracy or completeness of the information or analyses displayed herein, and we caution all readers that inclusion of any information on this site does not constitute an endorsement of the truthfulness or accuracy of that information. In particular, this Web site contains complaints and other documents filed in federal and state courts, which make allegations that may or may not be accurate. No reader should, on the basis of information contained in or referenced by this Web site, assume that any of these allegations are truthful.

Go to Search page | Go to Case Index page | Back to Top

�