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pcOrder.com, Inc. Summary: According to a Press Release dated 11/30/2001, the lawsuit asserts claims under Section 11, 12 and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated by the SEC thereunder and seeks to recover damages. The complaint alleges that pcOrder and certain of its officers at the time of its IPO violated the federal securities laws by issuing and selling pcOrder common stock pursuant to pcOrder's initial public offering and a secondary offering of pcOrder stock without disclosing to investors that several of the underwriters of the pcOrder IPO had solicited and received excessive and undisclosed commissions from certain investors. The complaint also alleges that pcOrder and the defendant underwriters of the secondary offering of pcOrder stock, were able to price the secondary offering at an artificially high $53.3125 per share due to the continued effects of the foregoing violations. The complaint further alleges that defendants violated the Securities Act of 1933 because the Prospectuses distributed to investors and the Registration Statements filed with the SEC in order to gain regulatory approval for the pcOrder offerings contained material misstatements regarding the commissions that the underwriters would derive from the IPO and failed to disclose the additional commissions and "laddering" scheme discussed above.
INDUSTRY CLASSIFICATION:
SIC Code: 5734
Sector: Technology
Industry: Software & Programming
| COMPANY/ISSUER NAME: | pcOrder.com, Inc. |
| COMPANY/ISSUER TICKER: | PCOR [DELISTED] |
| COMPANY WEBSITE: | http://www.pcOrder.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Kassin, et al. v. pcOrder, Inc., et al. | |||||||||||||||||
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| DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT | |||
| Type: | Date on the document: | ||
| REFERENCE COMPLAINT | |||||||||||||||||
| In re Pcorder, Inc. Initial Public Offering Securities Litigation | |||||||||||||||||
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| DOCUMENTS FOR THE REFERENCE COMPLAINT | |||
| Amended Class Action Complaint For Violations Of The Federal Securities Laws | |||
| Type: Complaint | Date on the document: 04/19/2002 | ||
| U.S. District Court Civil Docket | |||
| Type: Docket | Date on the document: 08/13/2003 | ||
| OTHER DOCUMENTS | |||
| Case Name and/or Number: | |||
| Type: | Date on the document: | ||
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