Case Page

 

Case Status:    SETTLED
On or around 10/23/1998 (Date of order of final judgment)

Filing Date: January 06, 1997

According to the docket dated September 22, 1999, on September 15, 1998, the Court entered the Order by U.S. District Judge Alan S. Gold approving the class settlement and closing the case. The Final Judgment was entered on October 23, 1998.

The original complaint charges U.S. Diagnostic and certain of its officers with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. According to the complaint, one of the company's co-founders and a senior executive at the company received compensation identical in amount to the salary paid to the company's chief executive officer. The complaint alleges that during the Class Period, U.S. Diagnostic and the ther defendants failed to disclose that this company co-founder and a senior executive, who the company referred to as one of the members of its "senior management team," pleaded guilty to charges of Conspiracy to Defraud the United States and Fraud, for which he was imprisoned in 1995. The complaint also alleges that this defendant was previously enjoined by the SEC from, among other things, violating federal securities laws, and is or was subject to several other lawsuits alleging securities violations.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Healthcare Facilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: USDL
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: S.D. Florida
DOCKET #: 97-CV-8010
JUDGE: Hon. William J. Zloch
DATE FILED: 01/06/1997
CLASS PERIOD START: 03/15/1996
CLASS PERIOD END: 12/23/1996
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Goodkind Labaton Rudoff & Sucharow LLP
    100 Park Avenue, Goodkind Labaton Rudoff & Sucharow LLP, NY 10017
    212.907.0700 212.818.0477 · info@glrslaw.com
  2. Law Offices of Charles J. Piven, P.A.
    World Trade Center-Baltimore,401 East Pratt Suite 2525, Law Offices of Charles J. Piven, P.A., MD 21202
    410.332.0030 · pivenlaw@erols.com
  3. 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
COURT: S.D. Florida
DOCKET #: 97-CV-8010
JUDGE: Hon. William J. Zloch
DATE FILED: 08/13/1997
CLASS PERIOD START: 03/15/1996
CLASS PERIOD END: 03/31/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Goodkind Labaton Rudoff & Sucharow LLP
    100 Park Avenue, Goodkind Labaton Rudoff & Sucharow LLP, NY 10017
    212.907.0700 212.818.0477 · info@glrslaw.com
No Document Title Filing Date
No Document Title Filing Date