 | ||
|
| Home Annual/Quarterly Updates About Us
|
Nextel Partners, Inc. Summary: According to a Press Release dated December 24, 2001, the complaint alleges violations of Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. On or about February 22, 2000, Nextel Partners commenced an initial public offering of 23,500,000 of its shares of common stock at an offering price of $20 per share (the "Nextel Partners IPO"). In connection therewith, Nextel Partners filed a registration statement, which incorporated a prospectus (the "Prospectus"), with the SEC.
The complaint further alleges that the Prospectus was materially false and misleading because it failed to disclose, among other things, that: (i) the Underwriter Defendants had solicited and received excessive and undisclosed commissions from certain investors in exchange for which the Underwriter Defendants allocated to those investors material portions of the restricted number of Nextel Partners shares issued in connection with the Nextel Partners IPO; and (ii) the Underwriter Defendants had entered into agreements with customers whereby the Underwriter Defendants agreed to allocate Nextel Partners shares to those customers in the Nextel Partners IPO in exchange for which the customers agreed to purchase additional Nextel Partners shares in the aftermarket at pre-determined prices.
INDUSTRY CLASSIFICATION:
SIC Code: 4812
Sector: Services
Industry: Communications Services
| COMPANY/ISSUER NAME: | Nextel Partners, Inc. |
| COMPANY/ISSUER TICKER: | NXTP |
| COMPANY WEBSITE: | http://www.nextelpartners.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| [Unknown Plaintiff], et al., v. Nextel Partners, Inc., et al. | |||||||||||||||||
| |||||||||||||||||
| DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT |
| REFERENCE COMPLAINT | |||||||||||||||||
| In Re: Nextel Partners, Inc. IPO Securities Litigation | |||||||||||||||||
| |||||||||||||||||
| DOCUMENTS FOR THE REFERENCE COMPLAINT | |||
| Consolidated and Amended Class Action Complaint for Violation of Federal Securities Laws | |||
| Type: Docket | Date on the document: 4/19/2002 | ||
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