On or around 01/19/2000 (Settlement hearing date)
Filing Date: April 01, 1998
According to the docket dated January 9, 2001, on October 14, 1999, a Stipulation and Agreement of Settlement was filed by the defendants in the complaint. On January 19, 2000, U.S. District Judge Janet B. Arterton closed the case and, later approved the distribution of the net settlement proceeds to the class members. In Form 10-Q For The Quarterly Period Ended March 31, 2000, UCAR International, Inc. announced a total of $40.5 million was contributed to escrow accounts for the benefit of former and current stockholders who were members of the class of plaintiffs. UCAR contributed $11.0 million and the insurers contributed the remaining balance of $29.5 million.
According to a Press Release dated April 9, 1998, the class action complaint, filed on behalf of shareholders who purchased UCAR stock, charges UCAR and certain individuals with violating federal securities laws by concealing the company's participation in an illegal price-fixing scheme, thereby causing the price of the company's common stock to be artificially inflated during the Class Period. UCAR pled guilty to price fixing.
Company & Securities Information
Defendant: UCAR International, Inc.
Industry: Electronic Instruments & Controls
Headquarters: United States
Ticker Symbol: UCR
Company Market: New York SE
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.
First Identified Complaint
Eisenberg v. Krass, et al.
COURT: D. Connecticut
DOCKET #: 98-CV-600
JUDGE: Hon. Janet B. Arterton
DATE FILED: 04/01/1998
CLASS PERIOD START: 08/15/1995
CLASS PERIOD END: 03/13/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
O'Rourke & O'Hanlan
O'Rourke, O'Hanlan & Zimmerman 123 Main St , O'Rourke, O'Hanlan & Zimmerman, CT 06840-5508 203.966.6660 ·