On or around 01/08/1999 (Other)
Filing Date: April 24, 1998
According to the Company’s FORM 10-K For The Fiscal Year Ended January 1, 2000, on January 8, 1999, the suit was dismissed without finding.
The complaint alleges that GenRad and its president and CEO violated sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and rule 10b-5 by issuing false and misleading financial statements about the company's financial condition and prospects in releases, filings and meetings with investors and stock analysts. The complaint further alleges that after the company's announcement on 4/16/98 that revenue and income for the first quarter of 1998 would be much lower than the same quarter of 1997, the stock plunged more than 35%.
Company & Securities Information
Defendant: GenRad, Inc.
Industry: Electronic Instruments & Controls
Headquarters: United States
Ticker Symbol: GEN
Company Market: New York SE
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.
First Identified Complaint
Duck Enterprises, LP, et al. v. GenRad, Inc., et al.