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Case Status:    DISMISSED    
On or around 12/15/1998 (Other)

Filing Date: April 21, 1997

According to the Company's FORM 10-K For The Fiscal Year Ended January 3, 1999, on August 14, 1998, the Court granted the Company and the Underwriter defendants motions to dismiss, and dismissed the action in all respects. The Court offered plaintiffs the opportunity to file a motion seeking leave to file an amended complaint. Plaintiffs did not file such a motion and the Court entered judgment dismissing the action. According to the December 15, 1998 docket, on October 13, 1998, plaintiffs filed a notice of appeal. Then on December 15, 1998, in the Mandate of USCA the Plaintiffs-Appellants and Defendants-Appellees hereby agree and stipulate to dismiss the appeal in this action. Plaintiffs and Defendants stipulate that each party shall bear its respective costs and that each party will take no further steps or actions, including, without limitation, any existing or potential claims, cross-claims, motions or requests arising out of or based upon the maintenance and production of this action.

The complaint alleges that on September 30, 1996, the beginning of the Class Period, PR Newswire reported that DKI entered into a license agreement with Designer Holdings, Inc. ("Designer Holdings"), for the production, sale and distribution of its DKNY jeanswear collection. Designer Holdings is a sportswear manufacturer that develops, sources and markets designer sportswear lines for men, women and children under variations of the Calvin Klein jeanswear label pursuant to a license agreement with Calvin Klein, Inc. This was viewed as a remarkably positive development for DKI since Designer Holdings was well regarded in the apparel industry and widely recognized for its accomplishment of boosting sales volume of the Calvin Klein jeanswear label fourfold, from $120 million to $640 million, after taking over the license in 1994. On March 5, 1996, DKI shocked the public with an announcement reported by PR Newswire, headlined "Donna Karan International Inc. and Designer Holdings Ltd. Terminate DKNY Jeanswear License Agreement." What, seemingly were benign negotiations concerning an "amendment" to the agreement arising from "unexpected difficulties" affecting only "some portions" of the DKNY jeanswear line, were in fact critical negotiations concerning the viability of the agreement, and culminating in its termination.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Apparel/Accessories
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: DK
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: E.D. New York
DOCKET #: 97-CV-02011
JUDGE: Hon. Carol B. Amon
DATE FILED: 04/21/1997
CLASS PERIOD START: 09/30/1996
CLASS PERIOD END: 03/05/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. 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
No Document Title Filing Date
COURT: E.D. New York
DOCKET #: 97-CV-02011
JUDGE: Hon. Carol B. Amon
DATE FILED: 11/10/1997
CLASS PERIOD START: 06/27/1996
CLASS PERIOD END: 05/08/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. 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 ·
  2. 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
No Document Title Filing Date