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Case Status:    SETTLED
On or around 08/20/2001 (Date of order of final judgment)

Filing Date: August 18, 1999

According to the docket, on March 28 and March 29, 2001, a Stipulation and Agreement of Partial Settlement and a Stipulation and Agreement of Settlement were respectively filed. By the Stipulation and Agreement of Partial Settlement, a settlement fund was established in the amount of $670,000 as to one of the Individual Defendants, and by the Stipulation and Agreement of Settlement, a settlement fund was established in the amount of $1,100,000 as to defendant Unistar Financial and certain Individual Defendants. On April 20, 2001, the Court entered the Order awarding plaintiffs’ counsel attorneys' fees of 30% of the Gross Settlement Fund and reimbursement of litigation expenses in the amount of $69,331.39. The Court also approved the plan of allocation. The Court further entered the Final Judgment and Order of Dismissal with Prejudice by U.S. District Judge Barbara M. G. Lynn dismissing the action with prejudice and the case was closed.

The lawsuit charges Unistar and certain of its officers and directors with violations of the securities laws and regulations of the United States. The Complaint alleges that defendants issued a series of false and misleading statements concerning the Company's financial results and the improper valuation of its customer list during the Class Period. The Complaint alleges that defendants' dissemination of false and misleading statements concerning the Company caused the Company's stock price to be artificially inflated during the Class Period.

COMPANY INFORMATION:

Sector: Financial
Industry: Insurance (Prop. & Casualty)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: UAI
Company Market: American 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.
COURT: N.D. Texas
DOCKET #: 99-CV-01857
JUDGE: Hon. Sidney A. Fitzwater
DATE FILED: 08/18/1999
CLASS PERIOD START: 10/15/1998
CLASS PERIOD END: 07/20/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Day, Edwards, Federman, Propester & Christensen, P.C.
    210 Park Avenue, Suite 2900, Day, Edwards, Federman, Propester & Christensen, P.C., OK 73102-5605
    405.239.2120 405.236.1010 ·
  2. Law Offices of Steven E. Cauley, P.A. (Little Rock)
    2200 Rodney Parham Road Suite 218, Law Offices of Steven E. Cauley, P.A. (Little Rock), AR 72212
    501.312.8500 ·
No Document Title Filing Date
COURT: N.D. Texas
DOCKET #: 99-CV-01857
JUDGE: Hon. Sidney A. Fitzwater
DATE FILED: 08/16/2000
CLASS PERIOD START: 10/15/1998
CLASS PERIOD END: 07/20/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Day, Edwards, Federman, Propester & Christensen, P.C.
    210 Park Avenue, Suite 2900, Day, Edwards, Federman, Propester & Christensen, P.C., OK 73102-5605
    405.239.2120 405.236.1010 ·
  2. Dreier, Bartiz & Federman LLP
    120 North Robinson, Suite 2720, Dreier, Bartiz & Federman LLP, OK 73102
    405.235.1560 · wfederman@aol.com
  3. 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
  4. Stanley, Mandel & Iola LLP (Dallas)
    3100 Monticello Avenue, Suite 750 , Stanley, Mandel & Iola LLP (Dallas), TX 75205
    214.443.4300 ·
No Document Title Filing Date
No Document Title Filing Date