Learning Tree International - Securities Class Action

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_______________
Copyright (c) 2001
Stanford Law School

Learning Tree International Conclusion: On August 7, 2000, U.S. District Judge Gary A. Feess awarded Lead Plaintiff Counsel attorney’s fees in the amount of 30% of the settlement fund plus expenses in the amount of $614,663.29, together with interest earned thereon. Judge Feess approved the plan of allocation of the settlement proceeds. The action was dismissed with prejudice and the action terminated.

According to a Press Release dated April 17, 1998, the complaint alleges that certain of Learning Tree's officers and directors violated the law by preparing and disseminating false and misleading statements about Learning Tree and its computer training courses, including false statements about the successful launch of the Company's Power Seminar Division. These false statements were made in order to inflate the price of Learning Tree stock from $33-1/4 at the beginning of the Class Period to over $43 to allow defendants to sell over 223,918 shares of their holdings in Learning Tree -- pocketing over $8 million in insider trading proceeds.

INDUSTRY CLASSIFICATION:
SIC Code: 8243
Sector: Services
Industry: Schools

COMPANY/ISSUER NAME:	Learning Tree International
COMPANY/ISSUER TICKER:	LTRE
COMPANY WEBSITE:	http://www.learningtree.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Schlagal v. Learning Tree International, et al.

COURT: C.D. California	DOCKET NUMBER: 98-CV-06384
JUDGE NAME: Audrey B. Collins
DATE FILED: 8/6/1998	SOURCE: Business Wires
CLASS PERIOD START: 5/8/1997	CLASS PERIOD END: 5/13/1998
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Barrack, Rodos & Bacine (San Diego) 402 West Broadway , San Diego, CA, 92101 (voice) 619.230.0800, (fax) 619.230.1874, info@barrack.com Bernstein Litowitz Berger & Grossmann LLP (San Diego, CA) 12544 High Bluff Drive, Suite 150, San Diego, CA, 92130 (voice) 858.793.0070, (fax) 858.793.0323, blbg@blbglaw.com Hagens Berman, LLP 1301 Fifth Avenue Suite 2900, Seattle , WA, 98101 (voice) 206.623.7292, (fax) , info@hagens-berman.com 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 _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 4

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
CIVIL DOCKET FOR CASE #: 98-CV-6384
Type: Docket		Date on the document: 08/06/1998
Order Re: Defendants' Motion To Dismiss Pursuant To FED. R. CIV. P. 9(b), 12(b)(6)
Type: Order		Date on the document: 12/28/1998

REFERENCE COMPLAINT

Schlagal v. Learning Tree International, et al.

COURT: C.D. California	DOCKET NUMBER: 98-CV-06384
JUDGE NAME: Hon. Audrey B. Collins
DATE FILED: 1/19/1999	SOURCE: Business Wires
CLASS PERIOD START: 5/8/1997	CLASS PERIOD END: 5/13/1998
TYPE OF COMPLAINT: Consolidated and/or Amended
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Barrack, Rodos & Bacine (San Diego) 402 West Broadway , San Diego, CA, 92101 (voice) 619.230.0800, (fax) 619.230.1874, info@barrack.com Bernstein Litowitz Berger & Grossmann LLP (San Diego, CA) 12544 High Bluff Drive, Suite 150, San Diego, CA, 92130 (voice) 858.793.0070, (fax) 858.793.0323, blbg@blbglaw.com Hagens Berman, LLP 1301 Fifth Avenue Suite 2900, Seattle , WA, 98101 (voice) 206.623.7292, (fax) , info@hagens-berman.com 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 _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 4

DOCUMENTS FOR THE REFERENCE COMPLAINT
U.S. District Court Civil Docket
Type: Docket		Date on the document: 08/07/2000

OTHER DOCUMENTS

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

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