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Case Status:    SETTLED
On or around 12/12/2002 (Date of order of final judgment)

Filing Date: January 22, 1999

According to the Final Judgment and Order of Dismissal With Prejudice entered on December 12, 2002, U.S. District Judge Florence-Marie Cooper released, relinquished and discharged all released claims against the released person and terminated the case. Earlier, on November 4, 2002, Judge Cooper granted the final approval the class action settlement, in the amount of $7.9 million, and granted in part and denied in part the motion for awarding the attorney fees and reimbursement of expenses.

The Complaint charges Defendants Turbodyne and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5) by, among other things: issuing false misleading statements regarding Turbodyne's financial condition as well as its present and future business prospects. Turbodyne designs, develops, manufactures and markets proprietary products that enhance performance and reduce emissions of internal combustion engines and manufacture aluminum cast automotive products, including engine components and aftermarket specialty wheels.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Auto & Truck Parts
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: TRBD
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: C.D. California
DOCKET #: 99-CV-697
JUDGE: Hon. Margaret M. Morrow
DATE FILED: 01/22/1999
CLASS PERIOD START: 03/01/1997
CLASS PERIOD END: 01/22/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Finkelstein & Krinsk LLP
    501 West Broadway, Suit 1250, Finkelstein & Krinsk LLP, CA 92101
    877.493.5366 619.238.5425 ·
  2. Glancy Binkow & GoldBerg LLP
    1925 Century Park East, Suite 2100, Glancy Binkow & GoldBerg LLP, CA 90067
    310-201-9150 · info@glancylaw.com
  3. Kirby McInerney & Squire LLP
    830 Third Avenue 10th Floor, Kirby McInerney & Squire LLP, NY 10022
    212.317.2300 ·
  4. Lionel Z. Glancy
    1801 Avenue of the Stars Suite 308, Lionel Z. Glancy, CA 90067
    310.201.9150 ·
No Document Title Filing Date
COURT: C.D. California
DOCKET #: 99-CV-697
JUDGE: Hon. Margaret M. Morrow
DATE FILED: 01/23/2001
CLASS PERIOD START: 03/01/1997
CLASS PERIOD END: 01/22/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Finkelstein & Krinsk LLP
    501 West Broadway, Suit 1250, Finkelstein & Krinsk LLP, CA 92101
    877.493.5366 619.238.5425 ·
  2. Glancy Binkow & GoldBerg LLP
    1925 Century Park East, Suite 2100, Glancy Binkow & GoldBerg LLP, CA 90067
    310-201-9150 · info@glancylaw.com
  3. Kirby McInerney & Squire LLP
    830 Third Avenue 10th Floor, Kirby McInerney & Squire LLP, NY 10022
    212.317.2300 ·
No Document Title Filing Date