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Case Status:    SETTLED
On or around 07/02/1997 (Date of order of final judgment)

Filing Date: April 16, 1996

According to the closing order of March 1997, the class reached a settlement with BT Office Products International, Inc. under which the company agreed to pay $1,480,000 to the class.

The complaint originally alleged that the company was or should had been aware of the reporting irregularities a month before they were announced, and that the company's 10Q, MD&A and certain press releases were false and misleading with respect to revenues, sales, earnings, inventory, financial statements and risks inherent in the company's acquisition strategy. Based on these allegations, the complaint asserted violations of section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

COMPANY INFORMATION:

Sector: Consumer Non-Cyclical
Industry: Office Supplies
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: BTF
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.
COURT: S.D. New York
DOCKET #: 96-CV-2685
JUDGE: Hon. Deborah A. Batts
DATE FILED: 04/16/1996
CLASS PERIOD START: 01/30/1996
CLASS PERIOD END: 03/28/1996
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Law Offices of Charles J. Piven, P.A.
    World Trade Center-Baltimore,401 East Pratt Suite 2525, Law Offices of Charles J. Piven, P.A., MD 21202
    410.332.0030 · pivenlaw@erols.com
  2. Much, Shelist, Freed, Denenberg, Ament & Eiger, P.C.
    200 N LaSalle St Ste 2100, Much, Shelist, Freed, Denenberg, Ament & Eiger, P.C., IL 60601
    312.346.3100 ·
  3. Wolf Haldenstein Adler Freeman & Herz LLP (New York)
    270 Madison Avenue, Wolf Haldenstein Adler Freeman & Herz LLP (New York), NY 10016
    212.545.4600 212.686.0114 · newyork@whafh.com
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