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Case Status:    DISMISSED    
On or around 05/31/2000 (Date of order of final judgment)

Filing Date: July 08, 1999

According to the docket, on May 31, 2000, the Court entered the Memorandum and Order granting the Defendants’ motion to dismiss the consolidated complaint and denied the Plaintiffs' motion to strike. The Court further entered the Order of Dismissal and the action was dismissed with prejudice. The case was closed.

The Complaint asserts claims under the federal securities laws, including claims for violation of Section 10(b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 of the Securities Exchange Commission, by reason of the material misrepresentations and omissions by Evans and certain of its officers during the Class Period. As a result of these misrepresentations and omissions, the price of the company's common stock was artificially inflated throughout the Class Period. On June 8, 1999, Evans Systems disclosed that it would be required to restate its financial results for fiscal years 1997 and 1998 and the first two quarters of fiscal 1999. Following the disclosure of the true status of the Company's business, the price of Evans' common stock plummeted to $3 1/2 per share, a decline of approximately 80% from the Class Period trading high of $32 per share.

COMPANY INFORMATION:

Sector: Energy
Industry: Oil & Gas Operations
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: EVSI
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. Texas
DOCKET #: 99-CV-02182
JUDGE: Hon. Nancy F. Atlas
DATE FILED: 07/08/1999
CLASS PERIOD START: 12/29/1997
CLASS PERIOD END: 06/08/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Greenberg, Peden, Siegmyer & Oshman
    12 Greenway Plaza, 10th floor, Greenberg, Peden, Siegmyer & Oshman, TX 77046
    713.627.2720 713.627.7050 ·
No Document Title Filing Date
COURT: S.D. Texas
DOCKET #: 99-CV-02182
JUDGE: Hon. Nancy F. Atlas
DATE FILED: 12/06/1999
CLASS PERIOD START: 12/29/1997
CLASS PERIOD END: 06/08/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Chitwood & Harley LLP (Atlanta)
    7945 East Paces Ferry Road, 1400 Resurgens Plaza, Chitwood & Harley LLP (Atlanta), GA 30326
    404.266.1650 · info@chitwoodlaw.com
  2. Federman & Sherwood (Oklahoma City)
    120 North Robinson, Suite 2720, Federman & Sherwood (Oklahoma City), OK 73102
    405-235-1560 · wfederman@aol.com
  3. Greenberg, Peden, Siegmyer & Oshman
    12 Greenway Plaza, 10th floor, Greenberg, Peden, Siegmyer & Oshman, TX 77046
    713.627.2720 713.627.7050 ·
  4. Kaplan Fox & Kilsheimer, LLP (former New York, NY)
    805 Third Avenue, 22nd Floor, Kaplan Fox & Kilsheimer, LLP (former New York, NY), NY 10022
    212.687.1980 212.687.7714 · info@kaplanfox.com
  5. Law Offices of Steven E. Cauley, P.A. (Little Rock)
    Suite 210, Cypress Plaza. 2200 N. Rodney Parham Road, Law Offices of Steven E. Cauley, P.A. (Little Rock), AR 72212
    501.312.8500 501.312.8505 · cauleypa@aol.com
No Document Title Filing Date