Analytical Surveys, Inc. - Securities Class Action

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_______________
Copyright (c) 2001
Stanford Law School

Analytical Surveys, Inc. Conclusion: According to Analytical Surveys, Inc.'s SEC 10-K filing for the fiscal year ended September 30, 2001, on September 21, 2001, the court issued an Order and Final Judgment ratifying the settlement terms of the lawsuit. The settlement, which was agreed to in principle on April 4, 2001, provides for the dismissal of the lawsuit in its entirety against all defendants and the establishment of a settlement fund of $4 million, of which the Company is contributing $100,000 of cash, and approximately 1,256,000 shares of the Company's common stock for the class.

As reported by the Company’s FORM 10-Q for the quarterly period ended March 31, 2001, on May 12, 2000, the Court consolidated the thirteen actions into one complaint. On July 26, 2000, plaintiffs filed a Consolidated Amended Class Action Complaint on behalf of themselves and a putative class consisting of all persons, other than defendants and their affiliates, who purchased the Company's common stock on the open market during the period from January 25, 1999, through and including March 7, 2000. On September 11, 2000, the Company and the named individual defendants filed motions to dismiss the plaintiffs' Consolidated Amended Class Action. On October 24, 2000, the plaintiffs filed a Memorandum in Opposition to Defendants' Motions to Dismiss the Consolidated Amended Class Action Complaint. The Court has not yet ruled on these motions. On April 4, 2001, the Company entered into an agreement in principle to settle this lawsuit against the Company and certain of its directors and former officers. The agreement in principle with the plaintiffs is subject to various conditions, including execution of a Memorandum of Understanding and Stipulation of Settlement, preliminary approval by the Court, notice to the class and final approval by the Court after a hearing.

The original complaint charges Analytical Surveys and certain of its officers and directors with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint alleges that defendants issued materially false and misleading financial statements that violated generally accepted accounting principles (GAAP) and other financial reporting standards by materially overstating the Company's revenues, income and earnings. On January 27, 2000, Analytical Survey announced that even after adjusting its fiscal 1999 year end revenue and earnings on December 30, 1999, it might have to make additional adjustments by restating revenue and earnings for fiscal 1999 due to improper cost of completion projections for certain contracts.

INDUSTRY CLASSIFICATION:
SIC Code: 7389
Sector: Services
Industry: Business Services

COMPANY/ISSUER NAME:	Analytical Surveys, Inc.
COMPANY/ISSUER TICKER:	ANLT
COMPANY WEBSITE:	http://www.anlt.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

[Unknown plaintiff], et al. v. Analytical Surveys, Inc., et al.

COURT: S.D. Indiana	DOCKET NUMBER: 00-CV-201
JUDGE NAME: Hon. McKinney
DATE FILED: 02/02/2000	SOURCE: Other
CLASS PERIOD START: 01/25/1999	CLASS PERIOD END: 01/27/2000
TYPE OF COMPLAINT: Unamended/Unconsolidated
PLAINTIFF FIRMS IN THIS OR SIMILAR CASE:
Berger & Montague PC 1622 Locust Street, Philadelphia, PA, 19103 (voice) 800.424.6690, (fax) 215.875.4604, investorprotect@bm.net Berman DeValerio Pease Tabacco Burt & Pucillo (MA) One Liberty Square, Boston, MA, 2109 (voice) 617.542.8300, (fax) 617.230.0903, info@bermanesq.com Cohen Milstein Hausfeld & Toll PLLC (Seattle WA) 701 Fifth Avenue, Suite 6860, Seattle, WA, 98014 (voice) 206.521.0080, (fax) 206.521.0166, lawinfo@cmht.com Donovan Miller, L.L.C. 1608 Walnut Street, Suite 1400, Philadelphia, PA, 19103 (voice) 212732.6020, (fax) , dmlaw@erols.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 Schiffrin & Barroway LLP 3 Bala Plaza E, Bala Cynwyd, PA, 19004 (voice) 610.667.7706, (fax) 610.667.7056, info@sbclasslaw.com Spector Roseman & Kodroff (San Diego) 1818 Market Street, Suite 2500, Philadelphia, PA, 19103 (voice) 215.496.0300, (fax) 215.496.6611, Stull, Stull & Brody (New York) 6 East 45th Street, New York, NY, 10017 (voice) 310.209.2468, (fax) 310.209.2087, SSBNY@aol.com Wolf Popper, LLP 845 Third Avenue, New York, NY, 10022-6689Ave (voice) 877.370.7703, (fax) 212.486.2093, IRRep@wolfpopper.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 9

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT

Type:		Date on the document:

REFERENCE COMPLAINT

In Re: Analytical Surveys, Inc. Securities Litigation

COURT: S.D. Indiana	DOCKET NUMBER: 00-CV-201
JUDGE NAME: Hon. McKinney
DATE FILED: 07/26/2000	SOURCE: Business Wires
CLASS PERIOD START: 01/25/1999	CLASS PERIOD END: 03/07/2000
TYPE OF COMPLAINT: Consolidated and/or Amended
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Bernstein Liebhard & Lifshitz LLP (New York, NY) 10 E. 40th Street, 22nd Floor, New York, NY, 10016 (voice) 800.217.1522, (fax) , info@bernlieb.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 Wolf Popper, LLP 845 Third Avenue, New York, NY, 10022-6689Ave (voice) 877.370.7703, (fax) 212.486.2093, IRRep@wolfpopper.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 3

DOCUMENTS FOR THE REFERENCE COMPLAINT
U.S. District Court Civil Docket
Type: Docket		Date on the document: 03/05/2004

OTHER DOCUMENTS

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

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