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Case Status:    DISMISSED    
On or around 04/20/1998 (Court's order of dismissal)

Filing Date: December 24, 1997

According to the closing Order dated April 16,1998, from U.S. District Judge Fern M. Smith of the United States District Court for the District of Northern California, the case was dismissed without prejudice.

The complaint charges Prism and certain of its officers, directors and underwriters of its initial public offering with violations of the California Corporations and Civil Codes and the federal Securities Act of 1933. Prior to and during the Class Period, defendants artificially inflated the demand for Prism common stock so they could issue 2,170,000 shares at $17 per share on March 14, 1996, and further inflated the stock price to as high as $36-3/4 in May 1996, before the true adverse facts known to them concerning Prism's business and prospects slowly began to be revealed, causing Prism's stock price to plunge to as low as $4-1/4 following the end of the Class Period.


Sector: Technology
Industry: Software & Programming
Headquarters: United States


Ticker Symbol: PRZM
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 #: 97-CV-4682
JUDGE: Hon. Fern M. Smith
DATE FILED: 12/24/1997
CLASS PERIOD END: 10/14/1996
  1. James V. Bashian
    500 Fifth Ave Ste 2800, James V. Bashian, NY 10110
  2. 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 ·
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