Case Page

 

Case Status:    SETTLED
On or around 03/20/2000 (Date of order of final judgment)

Filing Date: March 20, 1998

According to the Order and Final Judgment, dated March 20, 2000, U.S. District Judge Sam A. Lindsay dismissed the case with prejudice. Plaintiffs’ counsel was awarded attorneys’ fees in the amount of $843,000, including expert's fees in the amount of $42,528.31, to be paid out of the settlement fund. The case was closed. On April 20, 2001, the motion for distribution of settlement funds and for payment of fees and expenses was granted. Further, it was ordered that the firm of FRG pay the sum of $22,326.96 from the HealthCor Holdings, Inc. Settlement Fund for its fees and out-of-pocket expenses incurred in connection with the claims administration process.

The Complaint alleges that, during the Class Period, Citizens and certain of its officers and directors (collectively, the "Defendants") violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by, among other things, issuing false and misleading statements to the investing public regarding HealthCor's business, operations, financial condition and performance. Plaintiffs allege that the Defendants learned in February 1997, but failed to disclose during the Class Period, that Medicare had imposed new rules and cost limits affecting payments related to the location of the Company's branch offices, which had the effect of materially reducing the amount of money that HealthCor was entitled to receive from Medicare for services that had been provided, as well as for services that would be provided by HealthCor in the future.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Healthcare Facilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: HCOR
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. Texas
DOCKET #: 98-CV-00744
JUDGE: Magistrate Judge Wm F Sanderson Jr
DATE FILED: 03/20/1998
CLASS PERIOD START: 03/31/1997
CLASS PERIOD END: 08/14/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Leo W. Desmond
    2161 Palm Beach Lakes Boulevard, Suite 204, Leo W. Desmond, FL 33409
    561.712.8000 561.712.8000 · stocklaw@bellsouth.net
  2. Neligan & Averch
    1717 Main Street Suite 4050, Neligan & Averch, TX 75201
    214.653.4330 ·
  3. Rabin & Peckel LLP
    275 Madison Avenue, 34th Floor, Rabin & Peckel LLP, NY 10016
    212.682.1818 212.682.1892 · email@rabinlaw.com
  4. Schatz & Nobel, P.C.
    330 Main Street, Schatz & Nobel, P.C., CT 06106
    800.797.5499 860.493.6290 · sn06106@AOL.com
No Document Title Filing Date
COURT: N.D. Texas
DOCKET #: 98-CV-00744
JUDGE: Magistrate Judge Wm F Sanderson Jr
DATE FILED: 01/12/1999
CLASS PERIOD START: 03/31/1997
CLASS PERIOD END: 03/31/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Leo W. Desmond
    2161 Palm Beach Lakes Boulevard, Suite 204, Leo W. Desmond, FL 33409
    561.712.8000 561.712.8000 · stocklaw@bellsouth.net
  2. Neligan & Averch
    1717 Main Street Suite 4050, Neligan & Averch, TX 75201
    214.653.4330 ·
  3. Rabin & Peckel LLP
    275 Madison Avenue, 34th Floor, Rabin & Peckel LLP, NY 10016
    212.682.1818 212.682.1892 · email@rabinlaw.com
  4. Schatz & Nobel, P.C.
    330 Main Street, Schatz & Nobel, P.C., CT 06106
    800.797.5499 860.493.6290 · sn06106@AOL.com
No Document Title Filing Date