Case Page

 

Case Status:    DISMISSED    
On or around 06/27/2000 (Ongoing date of last review)

Filing Date: October 21, 1996

As summarized by the latest docket posted, on April 21, 1999, the plaintiff filed an Amended Complaint, but later filed a Notice of voluntary dismissal on May 26, 2000. On June 27, 2000, the Court entered the Final Order dismissing action with prejudice and the case was closed.

In a press release dated December 3, 1998, Pursuant to Fed. R. Civ. P. 23 and
the United States District Court's order dated November 23, 1998, notice is
hereby given of the withdrawal of a class action lawsuit against the
officers and/or directors or a controlling shareholder of The Home Link
Corporation ("Home Link"). The lawsuit, entitled Cooperman v. Reff, et al., 96-
7206-Civ-Gonzales (S.D. Fla.), alleging violations of the federal securities
laws, was originally filed on or about October 21, 1996 on behalf of a class
consisting of all persons who purchased or otherwise acquired the securities of
Home Link between February 22, 1996 and June 10, 1996, inclusive (the "Class
Period"). A related, action entitled Crawford v. The Home Link Corp., et al.,
96-7397-Civ-Gonzalez (S.D. Fla.), which was consolidated with the Cooperman
action, is also being withdrawn.

According to a Press Release dated 11/6/96, among numerous claims alleged in the Complaint to be false and misleading, Home Link claimed to have a "product of the 21st century" which "represent[ed] a new platform in telecommunications and information services." According to defendants, this product was a computer-based video phone referred to as the "Jetson phone" which Home Link was in the process of bringing to market. Throughout the Class Period, defendants made representations to the effect that mass marketing of this product was imminent. According to the Complaint, in truth and fact at all relevant times, Home Link had no product, no market, no sales, no customers, and no licensees. Rather than a well-financed and well-run enterprise, Home Link was a sham causing devastating losses to public investors. Home Link stock, which traded as high as $23.00 per share during the Class Period, now trades at approximately $0.125 per share.

NOTE: According to the complaint, Home Link is a non-party herein because of a stay resulting from the receivership of the Company.

COMPANY INFORMATION:

Sector: Technology
Industry: Communications Equipment
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol:
Company Market: OTC-BB
Market Status: OTC (Delisted)

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 #: 96-CV-7206
JUDGE: Hon. Edward B. Davis
DATE FILED: 10/21/1996
CLASS PERIOD START: 02/22/1996
CLASS PERIOD END: 06/10/1996
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Burt & Pucillo LLP
    515 North Flagler Drive, Northbridge Centre, Suite 1701, Burt & Pucillo LLP, FL 33401
    800.349.4612 ·
  2. 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
No Document Title Filing Date
COURT: S.D. Florida
DOCKET #: 96-CV-7206
JUDGE: Hon. Edward B. Davis
DATE FILED: 04/21/1999
CLASS PERIOD START: 02/22/1996
CLASS PERIOD END: 06/10/1996
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Burt & Pucillo LLP
    515 North Flagler Drive, Northbridge Centre, Suite 1701, Burt & Pucillo LLP, FL 33401
    800.349.4612 ·
  2. Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)
    One Pennsylvania Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY), NY 10119-1065
    212.594.5300 ·
No Document Title Filing Date