Case Page

 

Case Status:    SETTLED
On or around 12/01/1999 (Date of order of final judgment)

Filing Date: August 26, 1998

According to a court docket, the court dismissed the case with a $900,000 class settlement on November 30, 1999.

According to a Press Release dated 8/31/98, the action charges that MTI Technology issued materially false and misleading statements during the Class Period about the results for its 1998 fiscal first quarter. In particular, it is charged that, on May 21, 1998, MTI's senior officers, in a conference call with stock market analysts, misrepresented the continuing negative impact sales from Europe were having on first quarter results and failed to inform investors of the continuing delay in its Gladiator Enterprise 3600 Fibre Channel Storage System.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Storage Devices
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: MTIC
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: C.D. California
DOCKET #: 98-CV-06975
JUDGE: Magistrate Judge Rosalyn M. Chapman
DATE FILED: 08/26/1998
CLASS PERIOD START: 05/21/1998
CLASS PERIOD END: 06/09/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berman DeValerio Pease Tabacco Burt & Pucillo (MA)
    One Liberty Square, Berman DeValerio Pease Tabacco Burt & Pucillo (MA), MA 2109
    617.542.8300 617.230.0903 · info@bermanesq.com
  2. 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
No Document Title Filing Date
COURT: C.D. California
DOCKET #: 98-CV-6975
JUDGE: Magistrate Judge Rosalyn M. Chapman
DATE FILED: 02/02/1999
CLASS PERIOD START:
CLASS PERIOD END:
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berman DeValerio Pease & Tabacco PC
    One Liberty Square, Berman DeValerio Pease & Tabacco PC, MA 02109
    617.542.8300 ·
  2. Weiss & Yourman (Los Angeles, CA)
    10940 Wilshire Blvd - 24th Floor, Weiss & Yourman (Los Angeles, CA), CA 90024
    310.208.2800 310.209.2348 · info@wyca.com
No Document Title Filing Date