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Case Status:    SETTLED
On or around 08/17/2001 (Date of order of final judgment)

Filing Date: December 23, 1997

According to the firm's 10-K filing dated 8/21/2001, the Company have reached a tentative settlement agreement with the plaintiff class in which it agreed to pay $2.7 million to the plaintiffs. The full payment will be covered by insurance. In the Order dated February 06, 2002 signed by Judge Richard A. Lazzara, the final distribution of settlement funds is approved.

On March 22, 2000, the United States District Court for the Middle District of Florida, Tampa Division entered an order dismissing the consolidated class action complaint brought against the Company and certain former directors and executives on June 19, 1998. The Plaintiffs then filed the Notice of Appeal on April 21, 2000. The court Order dated February 02, 2001, granted the parties' joint motion to conditionally vacate and remand based upon execution of stipulated settlement agreement, which is construed as a motion for limited remand for purposes of obtaining the District Court's approval of the proposed settlement agreement, as required by Federal Rule of Civil Procecure 23. Should the District Court approve of the settlement agreement, the parties should promptly file a motion to dismiss this appeal. On the same day of the court order, the case reopened.

The original Complaint alleges that defendants made false and misleading statements, inter alia, about Danka's acquisition from Eastman Kodak of Danka's Office Imaging and Imaging Services businesses and the Company's success in integrating this acquisition into Danka's business operations. The Complaint alleges that despite Danka's public statements that the integration of these businesses was very easy and was proceeding smoothly and successfully and would result in enormous savings for the Company, the truth was that the integration of the new businesses was a disaster, that it was significantly delayed and was causing substantially increased costs and lower earnings for Danka.

COMPANY INFORMATION:

Sector: Technology
Industry: Office Equipment
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: DANKY
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: M.D. Florida
DOCKET #: 97-CV-3007
JUDGE: Hon. Richard A. Lazzara
DATE FILED: 12/23/1997
CLASS PERIOD START: 05/12/1997
CLASS PERIOD END: 12/16/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Addison & Delano, PA (Former)
    220 E. Madison St., Suite 1130; P.O. Box 2175, Addison & Delano, PA (Former), FL 33601-2175
    813.223.2000 ·
  2. Barrack, Rodos & Bacine (San Diego - former)
    402 West Broadway , Barrack, Rodos & Bacine (San Diego - former), CA 92101
    619.230.0800 619.230.1874 · info@barrack.com
  3. Burt & Pucillo LLP
    515 North Flagler Drive, Northbridge Centre, Suite 1701, Burt & Pucillo LLP, FL 33401
    800.349.4612 ·
  4. Kaplan Fox & Kilsheimer, LLP (former New York, NY)
    805 Third Avenue, 22nd Floor, Kaplan Fox & Kilsheimer, LLP (former New York, NY), NY 10022
    212.687.1980 212.687.7714 · info@kaplanfox.com
  5. 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 ·
No Document Title Filing Date
COURT: M.D. Florida
DOCKET #: 97-CV-3007
JUDGE: Hon. Richard A. Lazzara
DATE FILED: 06/19/1998
CLASS PERIOD START: 05/13/1997
CLASS PERIOD END: 12/15/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Abbey Gardy & Squiteri LLP (San Francisco)
    595 Market Street, Suite 2500, Abbey Gardy & Squiteri LLP (San Francisco), CA 94105
    415.538.3725 ·
  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. Bernard M. Gross
    1500 Walnut Street, Suite 600, Bernard M. Gross, PA 19102
    215.561.3600 215.561.3000 · bmgross@BernardMGross.com
  5. Bernstein Litowitz Berger & Grossmann LLP (Former New York)
    1285 Avenue of the Americas, 33rd Floor, Bernstein Litowitz Berger & Grossmann LLP (Former New York), NY 10019
    212.554.1400 212.554.1444 · blbg@blbglaw.com
  6. Cohen, Milstein, Hausfeld & Toll, P.L.L.C. (Washington, DC)
    1100 New York Avenue, N.W., Suite 500, West Tower, Cohen, Milstein, Hausfeld & Toll, P.L.L.C. (Washington, DC), DC 20005
    202.408.4600 202.408.4699 · lawinfo@cmht.com
  7. Dennis J. Johnson
    1690 Williston Road, Dennis J. Johnson, VT 5402
    888.459.7855 · LODJJ@aol.com
  8. Kaplan Fox & Kilsheimer, LLP (former New York, NY)
    805 Third Avenue, 22nd Floor, Kaplan Fox & Kilsheimer, LLP (former New York, NY), NY 10022
    212.687.1980 212.687.7714 · info@kaplanfox.com
  9. 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 ·
  10. Shalov Stone & Bonner LLP
    276 Fifth Avenue, Suite 704, Shalov Stone & Bonner LLP, NY 10001
    212.686.8004 212.686.8005 · lawyer@lawssb.com
No Document Title Filing Date
No Document Title Filing Date