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Case Status:    DISMISSED    
On or around 05/31/2001 (Other)

Filing Date: August 02, 1996

By the closing Order dated May 10, 2001, from the Chief Judge Torruella regarding the appeal from the U.S. District Court for the District of Massachusetts, the grant of summary judgment is affirmed.

According to the docket posted, after the Court entered the September 1998 Order denying the defendants’ motion for summary judgment, on October 6, 1997, defendant Micrion Corporation filed a Renewed Motion for Summary Judgment. On December 8, 1999, the Court entered the Opinion signed by U.S. District Judge Robert E. Keeton allowing the defendant’s Renewed Motion for Summary Judgment. That same day, Judgment was entered and the case closed. On December 21, 1999, the plaintiffs filed an appeal in the First Circuit Court of Appeals.

As summarized by the Company’s FORM 10-Q For The Quarterly Period Ended September 30, 1998, on August 2, 1996, an action was filed in the U.S. District Court for the District of Massachusetts against the Company, a director and officer of the Company, and two officers of the Company. On September 9, 1996, another action was filed in the same court against the same defendants as in the first action and an additional defendant, another officer of the Company. On December 6, 1996, the plaintiffs in both actions filed an amended consolidated complaint. The consolidated complaint does not contain a claim against one of the officers. The consolidated complaint purports to be brought on behalf of a class of purchasers of the Company's common stock from April 26, 1996 through June 21, 1996. It asserts claims for violations under the federal securities laws, alleging that the Company made false and misleading statements to the public concerning the nature of its sales agreement with a customer. Factual discovery in the case has been completed. The Company filed a motion for summary judgement to dismiss the case, which was denied on September 24, 1998.

COMPANY INFORMATION:

Sector: Capital Goods
Industry: Constr. & Agric. Machinery
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: MICN
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: D. Massachusetts
DOCKET #: 96-CV-11596
JUDGE: Hon. Robert E. Keeton
DATE FILED: 08/02/1996
CLASS PERIOD START: 04/26/1996
CLASS PERIOD END: 06/21/1996
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
  2. Shapiro Haber & Urmy LLP (Boston)
    75 State Street, Shapiro Haber & Urmy LLP (Boston), MA 02109
    617.439.3939 617.439.0134 · info@shulaw.com
No Document Title Filing Date
COURT: D. Massachusetts
DOCKET #: 96-CV-11596
JUDGE: Hon. Robert E. Keeton
DATE FILED: 12/09/1996
CLASS PERIOD START: 04/26/1996
CLASS PERIOD END: 06/21/1996
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Milberg Weiss Bershad & Schulman LLP (Boca Raton)
    5355 Town Center Road, Suite 900, Milberg Weiss Bershad & Schulman LLP (Boca Raton), FL 33486
    561.361.5000 561.367.8400 ·
  2. 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 ·
  3. Shapiro Haber & Urmy LLP (Boston)
    75 State Street, Shapiro Haber & Urmy LLP (Boston), MA 02109
    617.439.3939 617.439.0134 · info@shulaw.com
No Document Title Filing Date
No Document Title Filing Date