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Case Status:    DISMISSED    
On or around 09/29/2000 (Court's order of dismissal)

Filing Date: June 27, 1997

According to the Court's docket sheet, on 09/29/2000 the court granted the motion to dismiss the amended class action complaint, which dismissed with prejudice all claims against individual defendants and Montgomery Securities were. The court also dismissed without prejudice, as to Just for Feet, Inc, the right of plaintiff to petition to reinstate to pursue any claim embraced herein not adjudicated or discharged by the Bankruptcy Court. The plaintiff appealed to Circuit Court's decision, and the Court of Appeal finally dismissed it by granting the other party's motion to dismiss this appeal with prejudice.

The original complaint charges Just For Feet, certain officers and directors of the
Company, and certain underwriters of the Secondary Offering with violations of
Sections 11, 12(a)(2) and 15 of the Securities Act of 1933, and related state
laws, by, among other things, disseminating a materially false and misleading
Registration Statement and Prospectus relating to the Secondary Offering.
Among other things, the complaint alleges that the Company's reported financial
results included in the Registration Statement and Prospectus were materially
overstated by its use of dubious and inappropriate accounting practices
associated with reporting pre-opening store costs. These inappropriate
accounting practices had the effect of masking the Company's lack of
profitability at the time of the Secondary Offering. Because of the issuance
of a series of materially false and misleading statements concerning Just For
Feet's business and defendants' concealment of matters regarding the
deteriorating business of the Company, plaintiff and the other members of the
Class suffered damages.

COMPANY INFORMATION:

Sector: Services
Industry: Retail (Apparel)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: FEET
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. Alabama
DOCKET #: 97-CV-01578
JUDGE: Hon. Sharon Lovelace Blackburn
DATE FILED: 06/27/1997
CLASS PERIOD START: 06/17/1996
CLASS PERIOD END: 03/18/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Alfred G. Yates, Jr.
    429 Forbes Avenue, Alfred G. Yates, Jr. , PA 15219
    412.391.5164 ·
  2. Langston, Frazer, Sweet & Freese, P.A.
    201 N. President Street , Langston, Frazer, Sweet & Freese, P.A., MI 39201
    601.969.1350 ·
  3. M. Clay Ragsdale (former)
    1929 Third Avenue North, Suite 550, M. Clay Ragsdale (former), AL 35203
    205.251.4775 205.251-4777 ·
  4. 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
  5. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
No Document Title Filing Date
COURT: N.D. Alabama
DOCKET #: 97-CV-01578
JUDGE: Hon. Sharon Lovelace Blackburn
DATE FILED: 03/02/1999
CLASS PERIOD START: 06/17/1996
CLASS PERIOD END: 03/18/1997
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. Cohen, Milstein, Hausfeld & Toll, P.L.L.C. (Washington, DC)
    1100 New York Avenue, N.W., Suite 500, West Tower, Cohen, Milstein, Hausfeld & Toll, P.L.L.C. (Washington, DC), DC 20005
    202.408.4600 202.408.4699 · lawinfo@cmht.com
  3. 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 ·
  4. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
No Document Title Filing Date
No Document Title Filing Date