Case Page

 

Case Status:    SETTLED
On or around 05/01/2001 (Date of order of final judgment)

Filing Date: March 09, 1999

On May 1, 2001, the Court entered the Order by U.S. District Judge Zita L. Weinshienk granting the motion for final approval of class settlement and plan of allocation, finding the plan fair, reasonable and adequate. The Court further entered the Order granting plaintiff’s motion for attorney fees. Plaintiff’s settlement counsel was awarded attorney fees of 25% of the settlement fund and reimbursement of litigation expenses in amount of $166,531.28, together with interest earned. Lastly, Judge Zita L. Weinshienk issued the Final Judgment and Order of Dismissal With Prejudice, terminating the case.

The original complaint charges Defendants The North Face, Inc. and certain of its officers and directors with violation of the Federal Securities laws. Specifically, during the Class Period, the defendants falsely reported North Face's financial results and overstated its sales growth causing the Company's stock price to trade at as high as $29. Ultimately on March 5, 1999, North Face announced its audited 1998 results were "delayed" and that, contrary to its repeated assertions during the Class Period that its financials were properly stated, adjustments to its 1997 results might be necessary. On this news, North Face's stock price dropped to as low as $10-7/8.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Textiles - Non Apparel
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: TNFI
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. Colorado
DOCKET #: 99-CV-473
JUDGE: Hon. Walker D. Miller
DATE FILED: 03/09/1999
CLASS PERIOD START: 04/25/1997
CLASS PERIOD END: 03/04/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Litowitz Berger & Grossmann LLP (New York, NY)
    1285 Avenue of the Americas, 33rd Floor, Bernstein Litowitz Berger & Grossmann LLP (New York, NY), NY 10019
    212.554.1400 212.554.1444 · blbg@blbglaw.com
  2. Dyer, Donnelly & Lilly
    825 Logan Street, Dyer, Donnelly & Lilly 80203-3114
    303.861.3003 ·
  3. Hoffman & Edelson
    45 West Court Street, Hoffman & Edelson, PA 18901-4223
    215.230.8043 ·
  4. 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
  5. Scott & Scott LLC (Connecticut)
    P.O. Box 192, 108 Norwich Avenue, Scott & Scott LLC (Connecticut), CT 06415
    860.537.5537 860.537.4432 · scottlaw@scott-scott.com
  6. 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
  7. 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
  8. Wolf Popper, LLP
    845 Third Avenue, Wolf Popper, LLP, NY 10022-6689
    877.370.7703 212.486.2093 · IRRep@wolfpopper.com
No Document Title Filing Date
COURT: D. Colorado
DOCKET #: 99-CV-473
JUDGE: Hon. Walker D. Miller
DATE FILED: 11/08/1999
CLASS PERIOD START: 04/25/1997
CLASS PERIOD END: 03/04/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Dyer, Donnelly & Lilly
    825 Logan Street, Dyer, Donnelly & Lilly 80203-3114
    303.861.3003 ·
  2. 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
  3. 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
  4. Wolf Popper, LLP
    845 Third Avenue, Wolf Popper, LLP, NY 10022-6689
    877.370.7703 212.486.2093 · IRRep@wolfpopper.com
No Document Title Filing Date
No Document Title Filing Date