Case Page

 

Case Status:    SETTLED
On or around 11/01/1999 (Date of order of final judgment)

Filing Date: May 30, 1996

According to the Company's FORM 10-Q for the quarterly period ended September 30, 1999, on October 28, 1999, the federal district court approved a settlement to the class action lawsuits against ValuJet Airlines. Although the Company denied that it violated any of its obligations under the federal securities laws, it agreed to pay $2.5 million in cash and $2.5 million in common stock in the settlement.

In 1996, several stockholder class action suits were filed against the Company and
certain of its executive officers ('Defendants'). The consolidated lawsuits
sought class certification for all purchasers of stock in the Company during periods beginning on or after June 1995 and ending on or before June 18, 1996, and are based on allegedly misleading public statements made by the Company or omission to disclose material facts in violation of federal securities laws. A total of 14 stockholder lawsuits were filed against and served upon the Company between May 30, 1996 and July 26, 1996.

COMPANY INFORMATION:

Sector: Transportation
Industry: Airline
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: VJET
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. Georgia
DOCKET #: 96-CV-1355
JUDGE: Hon. Jack T. Camp
DATE FILED: 05/30/1996
CLASS PERIOD START: 06/08/1995
CLASS PERIOD END: 05/30/1996
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berger & Montague PC
    1622 Locust Street, Berger & Montague PC, PA 19103
    800.424.6690 215.875.4604 · investorprotect@bm.net
  2. Bernstein Litowitz Berger & Grossmann LLP (Westfield, NJ)
    220 St. Paul Street, Bernstein Litowitz Berger & Grossmann LLP (Westfield, NJ), NJ 07090
    908.928.1700 908.301.9008 · blbg@blbglaw.com
  3. Chitwood & Harley LLP (Atlanta)
    7945 East Paces Ferry Road, 1400 Resurgens Plaza, Chitwood & Harley LLP (Atlanta), GA 30326
    404.266.1650 · info@chitwoodlaw.com
  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
No Document Title Filing Date
COURT: N.D. Georgia
DOCKET #: 96-CV-1355
JUDGE: Hon. Jack T. Camp
DATE FILED: 10/18/1996
CLASS PERIOD START: 06/09/1995
CLASS PERIOD END: 06/17/1996
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Alpert, Barker & Calcutt, P.A.
    100 S. Ashley Dr., Alpert, Barker & Calcutt, P.A., FL 33601-3270
    813.223.4131 ·
  2. Berger & Montague PC
    1622 Locust Street, Berger & Montague PC, PA 19103
    800.424.6690 215.875.4604 · investorprotect@bm.net
  3. Berman DeValerio Pease Tabacco Burt & Pucillo (MA)
    One Liberty Square, Berman DeValerio Pease Tabacco Burt & Pucillo (MA), MA 02109
    617.542.8300 ·
  4. Bernard Malina, Esq.
    60 East 42nd Street, Suite 501, Bernard Malina, Esq., NY 10165
    212.986.7410 ·
  5. 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
  6. Carr, Tabb & Pope
    1355 Peachtree Street, N.E., Suite 2000, Carr, Tabb & Pope, GA 30309
    404.876.7790 ·
  7. Chitwood & Harley LLP (Atlanta)
    7945 East Paces Ferry Road, 1400 Resurgens Plaza, Chitwood & Harley LLP (Atlanta), GA 30326
    404.266.1650 · info@chitwoodlaw.com
  8. Holt, Ney, Zatcoff & Wasserman
    100 Galleria Parkway, Suite 600, Holt, Ney, Zatcoff & Wasserman, GA 30339-5911
    770.956.9600 770.956.149 ·
  9. Jaroslawicz & Jaros (former NY)
    150 William Street, Jaroslawicz & Jaros (former NY), NY 10038
    212.227.2780 ·
  10. Klari Neuwelt
    110 E 59th St 29th Flr, Klari Neuwelt, NY 10022
    212.593.8800 ·
  11. Mager, Liebenberg & White
    Two Penn Center Plaza, 10th Floor, Mager, Liebenberg & White, PA 19102
    215.569.6912 ·
  12. 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 ·
  13. Morris and Morris LLC (Former Address)
    1105 North Market Street, Suite 1600, Morris and Morris LLC (Former Address), DE 19801
    800.296.0410 · firm@morrisandmorrislaw.com
  14. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
  15. Starr & Hollman LLP

    ·
  16. Wechsler Harwood LLP
    488 Madison Avenue 8th Floor, Wechsler Harwood LLP, NY 10022
    212.935.7400 · info@whhf.com
  17. Wolf Haldenstein Adler Freeman & Herz LLP (New York)
    270 Madison Avenue, Wolf Haldenstein Adler Freeman & Herz LLP (New York), NY 10016
    212.545.4600 212.686.0114 · newyork@whafh.com
No Document Title Filing Date