Computron Software, Inc. - Securities Class Action

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_______________
Copyright (c) 2001
Stanford Law School

Computron Software, Inc. Conclusion: According to the Company’s 10-K For The Fiscal Year Ended December 31, 1997, on March 6, 1998 the District Court issued a final order approving a settlement in the class action securities litigation, IN RE COMPUTRON SOFTWARE, INC. SECURITIES LITIGATION, Master File No. 96-1911 (AJL), brought against the Company and certain of its present and former officers and directors in the United States District Court for the District of New Jersey.

In a press release dated October 28, 1997, Computron Software, Inc., announced today, that subject to final documentation and approval of the court, a settlement has been reached with lead counsel representing the certified class in the class action securities litigation pending against the company and certain of its present and former officers and directors in the United States District Court of New Jersey. As its share of the settlement, the company will pay $1 million in cash, and an additional $5 million, which may be paid in the form of newly issued Computron common stock or, at the option of the company, in cash. The overall settlement includes consideration totaling $15 million for the benefit of class members, including the payment from the company, and payments from certain of its present and former officers and directors, its former auditors, and the insurance companies that provided Computron with directors and officers liability insurance. In return for the payments by the insurance companies, the settlement also resolves a separate lawsuit brought by the company against the insurance companies.

The consolidated amended class action complaint alleged the Computron Software had falsely portrayed the financial condition of Computron. The Complaint alleged these false portrayals were made in order to complete the IPO and allow certain of the Individual Defendants to profit by selling millions of dollars of Computron stock.

INDUSTRY CLASSIFICATION:
SIC Code: 7372
Sector: Technology
Industry: Software & Programming

COMPANY/ISSUER NAME:	Computron Software, Inc.
COMPANY/ISSUER TICKER:	CFW
COMPANY WEBSITE:	http://www.computronsoftware.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Rissin, et al. v. Typaldos, et al.

COURT: D. New Jersey	DOCKET NUMBER: 96-CV-1911
JUDGE NAME: Hon. Alfred J. Lechner, Jr.
DATE FILED: 04/25/1996	SOURCE: Other
CLASS PERIOD START: 08/24/1995	CLASS PERIOD END: 02/20/1996
TYPE OF COMPLAINT: First Consolidated
PLAINTIFF FIRMS IN THIS OR SIMILAR CASE:
Bernstein Litowitz Berger & Grossmann LLP (Westfield, NJ) 220 St. Paul Street, Westfield, NJ, 07090 (voice) 908.928.1700, (fax) 908.301.9008, blbg@blbglaw.com Goodkind Labaton Rudoff & Sucharow LLP 100 Park Avenue, New York, NY, 10017 (voice) 212.907.0700, (fax) 212.818.0477, info@glrslaw.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 2

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT

Type:		Date on the document:

REFERENCE COMPLAINT

In Re: Computron Software, Inc. Securities Litigation

COURT: D. New Jersey	DOCKET NUMBER: 96-CV-1911
JUDGE NAME: Hon. Alfred J. Lechner, Jr.
DATE FILED: 04/28/1997	SOURCE: Business Wires
CLASS PERIOD START: 08/24/1995	CLASS PERIOD END: 02/20/1996
TYPE OF COMPLAINT: Third Amended
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Bernstein Litowitz Berger & Grossmann LLP (Westfield, NJ) 220 St. Paul Street, Westfield, NJ, 07090 (voice) 908.928.1700, (fax) 908.301.9008, blbg@blbglaw.com Cohn, Lifland, Pearlman, Herrmann & Knopf Park 80 Plaza West-One, Saddle Brook, NJ, 7663 (voice) 201845.9600, (fax) , info@njlawfirm.com Goodkind Labaton Rudoff & Sucharow LLP 100 Park Avenue, New York, NY, 10017 (voice) 212.907.0700, (fax) 212.818.0477, info@glrslaw.com Law Offices Of Miles M. Tepper 200 Executive Drive, Suite 100, West Orange, NJ, 07052 (voice) (973)243-6700, (fax) , Lite, Depalma, Greenberg & Rivas, LLC Two Gateway Center - 12th Floor, Newark, NJ, 07102-5003y C (voice) 973.623.3000, (fax) , _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 5

DOCUMENTS FOR THE REFERENCE COMPLAINT
Opinion [granting joint settlement and attorneys' fees petitions]
Type: Order		Date on the document: 4/22/1998
U.S. District Court Civil Docket
Type: Docket		Date on the document: 04/16/2002

OTHER DOCUMENTS

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

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