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Case Status:    SETTLED
On or around 10/04/1999 (Date of order of final judgment)

Filing Date: June 22, 1998

According to the closing Order, dated October 4, 1999 from U.S. District Judge Clarence A. Brimmer of the U.S. District Court for the District of Colorado (Denver), the parties reached a settlement of $10 million, of which the Company paid $2.5 million in April 1999.

Four class action lawsuits were filed in the United States District Court of the District Court of Colorado against the Company and certain of its officers and directors. The actions were purportedly brought on behalf of purchasers of the Company's common stock between May 12, 1998 and June 17, 1998. In October 1998 these actions were consolidated, the class was certified and the class period was extended to July 23, 1998. The claims alleges violations of Sections 11 and 12 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The actions seek unspecified compensatory and punitive damages, interest, attorneys' fees and other costs.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: EVOL
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: D. Colorado
DOCKET #: 98-CV-01338
JUDGE: Hon. Richard P. Matsch
DATE FILED: 06/22/1998
CLASS PERIOD START: 05/12/1998
CLASS PERIOD END: 06/17/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Dyer & Shuman, LLP
    801 East 17th Avenue, Dyer & Shuman, LLP, CO 80218-1417
    303.861.3003 800.711.6483 · info@dyershuman.com
  2. F. James Donnelly, PC
    6076 South Chester Way, F. James Donnelly, PC, CO 80111
    720.493.9814 ·
No Document Title Filing Date
COURT: D. Colorado
DOCKET #: 98-CV-01338
JUDGE: Hon. Richard P. Matsch
DATE FILED: 09/18/1998
CLASS PERIOD START: 05/12/1998
CLASS PERIOD END: 07/23/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Dyer, Donnelly & Lilly
    825 Logan Street, Dyer, Donnelly & Lilly 80203-3114
    303.861.3003 ·
  2. F. James Donnelly, PC
    6076 South Chester Way, F. James Donnelly, PC, CO 80111
    720.493.9814 ·
No Document Title Filing Date
No Document Title Filing Date