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Case Status:    SETTLED
On or around 06/18/2002 (Date of order of final judgment)

Filing Date: April 16, 1999

According to the Final Judgment entered on June 14, 2002, U.S. District Judge Dennis M. Cavanaugh awarded attorney's fees in the sum of $299,320.00 and costs in the sum of $27,040.00 in favor of plaintiffs' counsel. The Court further entered the Final Judgment and Dismissal with Prejudice, granting the application by plaintiff's counsel for Certification of the proposed class, final approval of the proposed settlement and an award of attorney's fees, costs and expenses, and granting the application for permanent injunction as to all settlement class members dismissing all claims against defendants.

The complaint charges the Individual Defendants participated in the drafting, preparation, and/or approval of the various public and shareholder and investor reports and other communications complained of herein and were aware of or recklessly disregarded the misstatements contained therein and omissions therefrom, and were aware of their materially false and misleading nature. Due to of their Board membership and/or executive and managerial positions with the Company, each of the Individual Defendants had access to the adverse undisclosed information about the Company's business, operations and financial condition and performance as particularized herein and knew or recklessly disregarded that these adverse facts rendered the positive representations made by or about the Company materially false and misleading.

COMPANY INFORMATION:

Sector: Services
Industry: Business Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: KTIE
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. New Jersey
DOCKET #: 99-CV-01780
JUDGE: Hon. Joseph A. Greenaway, Jr.
DATE FILED: 04/16/1999
CLASS PERIOD START: 05/04/1998
CLASS PERIOD END: 08/14/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Goldstein Lite & DePalma LLC
    Two Gateway Center, 12th Floor, Goldstein Lite & DePalma LLC, NJ 07102
    ·
  2. 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: D. New Jersey
DOCKET #: 99-CV-01780
JUDGE: Hon. Joseph A. Greenaway, Jr.
DATE FILED: 04/11/2001
CLASS PERIOD START: 05/04/1998
CLASS PERIOD END: 08/14/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Lite DePalma Greenberg, LLC (Newark)
    Two Gateway Center - 12th Floor, Lite DePalma Greenberg, LLC (Newark), NJ 07102-5003
    973.623.3000 ·
  2. Schatz & Nobel, P.C.
    330 Main Street, Schatz & Nobel, P.C., CT 06106
    800.797.5499 860.493.6290 · sn06106@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
No Document Title Filing Date