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Case Status:    DISMISSED    
On or around 05/20/1998 (Date of order of final judgment)

Filing Date: December 15, 1997

According to the Company’s FORM 10-Q For The Quarterly Period Ended April 30, 1998, on May 19, 1998, the United States District Court for the Northern District of
Illinois dismissed with prejudice the purported securities fraud class action claim filed against the Company on December 15, 1997 for failure to state a cause of action.

The Complaint in the class action alleges that throughout the Class Period,
Defendants, TRO and two individual defendants, misrepresented to investors that TRO, and particularity its PLATO Education software products, had achieved broad market acceptance and that TRO was in line to achieve, if not exceed, analysts' revenue and earnings projections for fiscal years ending October 31, 1996 and October 31, 1997.

The complaint further alleges that Defendants' statements were materially false and misleading, among other things, because PLATO software had not achieved broad market acceptance. The PLATO software was antiquated software that was not designed to run on a Windows-based operating system. Moreover, PLATO was slow in adapting to the Internet, which would have given its potential customers increased access to its software. According, defendants knew or were reckless in failing to know that the foregoing technical weaknesses in its PLATO software had led to reduced customer demand.


Sector: Services
Industry: Printing & Publishing
Headquarters: United States


Ticker Symbol: TUTR
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 #: 97-CV-8683
JUDGE: Hon. James B. Zagel
DATE FILED: 12/15/1997
CLASS PERIOD END: 11/18/1997
  1. Kenneth A. Elan (Chicago )
    30 North LaSalle Street, Suite 3200, Kenneth A. Elan (Chicago ), IL 60602
    312782.4880 ·
  2. Wolf Popper, LLP
    845 Third Avenue, Wolf Popper, LLP, NY 10022-6689
    877.370.7703 212.486.2093 ·
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