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Case Status:    DISMISSED    
On or around 01/29/1999 (Court's order of dismissal)

Filing Date: November 13, 1998

According to the docket, on January 15, 1999, a Motion was filed by the defendant to stay discovery in the parallel state securities class action, and on January 29, 1999, the Court entered a Stipulation and Order for voluntary dismissal of the class action. There is no mention in the Notice of Settlement for the state court action of a settlement involving the federal action.

The complaint charges P-Com and certain of its officers and directors with violations of the securities laws. P-Com supplies equipment and services for access to worldwide telecommunications and broadcast networks. This action arises out of defendants' dissemination of false and misleading statements about P-Com's business, operations and prospects, which statements were made for the purpose of allowing the individual defendants herein to sell over 672,000 shares of their P-Com stock at prices as high as $23 per share for proceeds of more than $13.1 million and allowing P-Com to use (sell) $42 million worth of P-Com stock as currency to acquire Central Resources Corporation ("CRC"), RT Masts Limited ("RT Masts") and Telematics, Inc. ("Telematics").


Sector: Technology
Industry: Communications Equipment
Headquarters: United States


Ticker Symbol: PCMS
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: N.D. California
DOCKET #: 98-CV-04412
JUDGE: Hon. Samuel Conti
DATE FILED: 11/13/1998
CLASS PERIOD END: 09/11/1998
  1. Stull, Stull & Brody (Los Angeles)
    10940 Wilshire Boulevard - Suite 2300, Stull, Stull & Brody (Los Angeles), CA 90024
    310.209.2468 ·
  2. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 ·
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