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Case Status:    SETTLED
On or around 11/13/2000 (Date of order of final judgment)

Filing Date: November 12, 1998

According to the Order from the Seventh Circuit Court of Appeals, entered on May 13, 2002, the appeal was dismissed, upon consideration of the motion to dismiss filed by the appellant on May 8, 2002. The Notice of Appeal was initially filed on September 26, 2001 by the Class Members and Proposed Class Members. Earlier, on February 13, 2001, U.S. District Judge Suzanne B. Conlon granted the Plaintiffs' motion for preliminary approval of proposed class action settlement. On November 7, 2000, the Court entered a Judgment for the Defendant Deloitte & Touche LLP and against the plaintiff class. On November 3, 2000, Judge Conlon issued a Minute Order reporting that the case was settled as to all defendants except Deloitte & Touche. On September 27, 1999, Judge Conlon granted the motion to dismiss as to Count II and the individual defendants and denied in part the motions in all other respects.

On February 1, 1999, the case was interdistrict transferred to the U.S. District Court for the Northern District of Illinois. The original complaint alleges that the defendants violated Sections 11, 12 and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of Securities Exchange Act of 1934 by issuing false and misleading statements regarding the company's business operations, financial condition and performance.

COMPANY INFORMATION:

Sector: Services
Industry: Communications Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: USNC
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. Illinois
DOCKET #: 98-CV-8088
JUDGE: Hon. David N. Edelstein
DATE FILED: 11/12/1998
CLASS PERIOD START: 02/04/1998
CLASS PERIOD END: 11/03/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Lowey, Dannenberg, Bemporad & Selinger, P.C.
    1 North Lexington Avenue, 11th Floor, Lowey, Dannenberg, Bemporad & Selinger, P.C., NY 10601-1714
    914.997.0500 914.997.0035 · ldbs@wesetnet.com
No Document Title Filing Date
COURT: N.D. Illinois
DOCKET #: 98-CV-7482
JUDGE: Hon. David N. Edelstein
DATE FILED: 06/17/1999
CLASS PERIOD START: 02/04/1998
CLASS PERIOD END: 11/03/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Schoengold & Sporn PC (New York)
    233 Broadway 39Th Floor, Schoengold & Sporn PC (New York), NY 10279
    212.964.0046 ·
  2. 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