Case Page

 

Case Status:    DISMISSED    
On or around 08/31/2000 (Date of order of final judgment)

Filing Date: June 16, 1999

According to the docket dated September 29, 2000, on October 2, 2000, the Court entered the Order by U.S. District Judge Alan S. Gold granting the Stipulation of Dismissal With Prejudice which was filed earlier by the plaintiffs on September 28, 2000. The case was discharged with prejudice and closed.

The original complaint charges Med/Waste and certain of its officers and directors with violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10(b)-5, promulgated thereunder, as well a purported violations violation of Section 20(a) of the Exchange Act. The complaint alleges that purchasers of Med/Waste common stock during the Class Period were damaged by reason of the Company's issuance of false financial statements for each of the first three quarters of 1998. Specifically, the Complaint alleges that the Company reported profits for each of the first three quarters of 1998, when, in fact, the Company sustained losses of as much as $1.75 million during that period. The Company has now acknowledged that it will report losses for 1998 of over $9 million, and has voluntarily withdrawn from a NASDAQ listing. In addition, the Complaint alleges that one of the named defendants sold all of his shares of Med/Waste stock at nearly $7.00 per share during the Class Period.

COMPANY INFORMATION:

Sector: Services
Industry: Waste Management Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: MWDS
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. Florida
DOCKET #: 99-CV-1684
JUDGE: Hon. Edward B. Davis
DATE FILED: 06/16/1999
CLASS PERIOD START: 05/05/1998
CLASS PERIOD END: 06/03/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Burt & Pucillo LLP
    515 North Flagler Drive, Northbridge Centre, Suite 1701, Burt & Pucillo LLP, FL 33401
    800.349.4612 ·
No Document Title Filing Date
COURT: S.D. Florida
DOCKET #: 99-CV-1684
JUDGE: Hon. Edward B. Davis
DATE FILED: 11/30/1999
CLASS PERIOD START: 05/05/1998
CLASS PERIOD END: 06/03/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Burt & Pucillo LLP
    515 North Flagler Drive, Northbridge Centre, Suite 1701, Burt & Pucillo LLP, FL 33401
    800.349.4612 ·
  2. Cauley & Geller (Boca Raton)
    2255 Glades Road, #421A, Cauley & Geller (Boca Raton), FL 33431
    561.750.3000 ·
  3. Rabin & Peckel LLP
    275 Madison Avenue, 34th Floor, Rabin & Peckel LLP, NY 10016
    212.682.1818 212.682.1892 · email@rabinlaw.com
  4. Schubert & Reed LLP
    Two Embarcadero Center, Suite 1050, Schubert & Reed LLP, CA 94111
    415.788.4220 415.788.0161 · mail@schubert-reed.com
  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. Weiss & Yourman (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Yourman (New York, NY), NY 10126
    212.682.3025 212.682.3010 · info@wyca.com
  7. 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
No Document Title Filing Date