Case Page

 

Case Status:    SETTLED
On or around 12/23/2003 (Date of order of final judgment)

Filing Date: July 11, 1997

According to the docket posted on the website, the parties reached a stipulation and agreement of settlement on September 25, 2003. On December 23, 2003, the court gave its Order and Final Judgment approving the settlement.

Pursuant to the Notice of Settlement, a Settlement Fund consisting of $11.7 million in cash, plus interest, has been established.

The plaintiff alleges that Fore Systems and its management, in violation of Section 10(b) of the Securities Exchange Act of 1934, in a scheme to artificially inflate the price of Fore Systems' stock, misled investors about its ability to compete, the demand for its products, and the performance of new products being introduced. In fact, Fore Systems was suffering slow sales growth and a general decline in both its domestic and international markets.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Networks
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: FORE
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: W.D. Pennsylvania
DOCKET #: 97-CV-1265
JUDGE: Hon. Robert C. Mitchell
DATE FILED: 07/11/1997
CLASS PERIOD START: 10/17/1996
CLASS PERIOD END: 04/01/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Law Offices of Alfred G. Yates
    519 Alleghany Bldg., 429 Forbes Avenue, Law Offices of Alfred G. Yates, PA 15219
    412.391.5164 ·
  2. Lawrence G. Soicher
    342 Madison Avenue, 18th Floor , Lawrence G. Soicher, NY 10173
    212/883.8000 ·
  3. Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)
    One Pennsylvania Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY), NY 10119-1065
    212.594.5300 ·
  4. Schiffrin & Craig, Ltd.
    Three Bala Plaza East Suite 400, Schiffrin & Craig, Ltd., PA 19004
    610.667.7706 610.667.7056 ·
  5. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
  6. Thomas W. Brown (Carnegie)
    327 West Main Street, Thomas W. Brown (Carnegie), PA 15106
    412.279.0110 ·
No Document Title Filing Date
COURT: W.D. Pennsylvania
DOCKET #: 97-CV-1265
JUDGE: Hon. Robert C. Mitchell
DATE FILED: 12/15/1998
CLASS PERIOD START: 10/17/1996
CLASS PERIOD END: 04/01/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Alfred G. Yates, Jr. Law Firm
    429 Forbes Avenue, 519 Allegheny Building, Alfred G. Yates, Jr. Law Firm, PA 15219
    412.391.5164 ·
  2. Barrack, Rodos & Bacine (Main office, Philadelphia)
    Two Commerce Square, 2001 Market Street, Suite 3300 , Barrack, Rodos & Bacine (Main office, Philadelphia), PA 19103
    215.963.0600 215.963.0838 · info@barrack.com
  3. Berger & Montague PC
    1622 Locust Street, Berger & Montague PC, PA 19103
    800.424.6690 215.875.4604 · investorprotect@bm.net
  4. Berger & Moss
    800 North Shoreline Boulevard, Suite 2000, North Tower, Berger & Moss, TX 78401
    512.866.8000 ·
  5. Berman DeValerio Pease Tabacco Burt & Pucillo (MA)
    One Liberty Square, Berman DeValerio Pease Tabacco Burt & Pucillo (MA), MA 02109
    617.542.8300 ·
  6. Lawrence G. Soicher
    342 Madison Avenue, 18th Floor , Lawrence G. Soicher, NY 10173
    212/883.8000 ·
  7. Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)
    One Pennsylvania Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY), NY 10119-1065
    212.594.5300 ·
  8. Savett Frutkin Podell & Ryan, P.C.

    800.993.3233 · sfprpc@op.net
  9. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  10. Trujillo, Rodriguez & Richards, LLC (Cherry Hill)
    20 Brace Road, Trujillo, Rodriguez & Richards, LLC (Cherry Hill), NJ
    ·
No Document Title Filing Date
No Document Title Filing Date