Case Page

 

Case Status:    SETTLED
On or around 11/13/2003 (Other)

Filing Date: June 04, 1999

According to the docket, on July 17, 2003, the Court entered the Order by Magistrate Judge Boyd N. Boland granting the motion for preliminary approval of the proposed settlement. On November 13, 2003, the Court entered the Judgment by the Clerk accepting the recommendation of Magistrate Judge Boyd N. Boland approving the settlement but withholding the determination of the reasonableness of the attorneys’ and costs. The Judgment further settled all the claims and the all claims were dismissed with prejudice. On May 26, 2004, the Court entered the Order by U.S. District Judge Walker D. Miller awarding plaintiff’s counsel attorneys' fees in the amount of $2,600,000 and expenses in the amount of $404,772.35, paid from the settlement fund.

Several purported class and derivative action lawsuits were filed charging Jones Intercable, Inc., and one of its former officers and directors with violations of sections 14(a) and 20(a) of the Securities Exchange Act of 1934, as well as Rule 14a-9 promulgated thereunder, and state common and statutory law. The complaint alleges that defendants made making false and misleading statements in connection with the solitication of proxies for the sales of the Partnerships' Systems. The false and misleading statements concerned the fairness of the transactions, the value of the Systems, the stability of market conditions, the conduct of the appraisal process, and whether the sale agreements were favorable to the Limited Partners. Because of the false and misleading statements contained in the proxy solicitations, the Limited Partners approved the Systems sales, to their detriment.

The class action lawsuit was filed on behalf of the Limited Partners of Cable TV Fund 12-B, Ltd., Cable TV Fund 12-C, Ltd., and Cable TV Fund 12-D, Ltd., as of May 12, 1998, and as of November 23, 1998; the Limited Partners of Cable TV Fund 14-A, Ltd., as of March 11, 1999; and the Limited Partners of Cable TV Fund 14-B, Ltd., as of December 21, 1998, who consented to the sales of certain cable television systems owned by those limited partnerships, namely, the Albuquerque System, the Palmdale System, the Littlerock System, and the Calvert System to a wholly owned subsidiary of Jones Intercable, Inc., through proxy solicitations issued by Jones.

COMPANY INFORMATION:

Sector: Services
Industry: Broadcasting & Cable TV
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: JOIN
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: D. Colorado
DOCKET #: 99-CV-01051
JUDGE: Hon. Walker D. Miller
DATE FILED: 06/04/1999
CLASS PERIOD START: 05/12/1998
CLASS PERIOD END: 06/04/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cohen Milstein Hausfeld & Toll PLLC (Seattle WA)
    701 Fifth Avenue, Suite 6860, Cohen Milstein Hausfeld & Toll PLLC (Seattle WA), WA 98014
    206.521.0080 206.521.0166 · lawinfo@cmht.com
  2. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.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
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