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Case Status:    SETTLED
On or around 08/08/2000 (Date of order of final judgment)

Filing Date: August 06, 1998

On August 7, 2000, U.S. District Judge Gary A. Feess awarded Lead Plaintiff Counsel attorney’s fees in the amount of 30% of the settlement fund plus expenses in the amount of $614,663.29, together with interest earned thereon. Judge Feess approved the plan of allocation of the settlement proceeds. The action was dismissed with prejudice and the action terminated.

According to a Press Release dated April 17, 1998, the complaint alleges that certain of Learning Tree's officers and directors violated the law by preparing and disseminating false and misleading statements about Learning Tree and its computer training courses, including false statements about the successful launch of the Company's Power Seminar Division. These false statements were made in order to inflate the price of Learning Tree stock from $33-1/4 at the beginning of the Class Period to over $43 to allow defendants to sell over 223,918 shares of their holdings in Learning Tree -- pocketing over $8 million in insider trading proceeds.

COMPANY INFORMATION:

Sector: Services
Industry: Schools
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: LTRE
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: C.D. California
DOCKET #: 98-CV-06384
JUDGE: Hon. Audrey B. Collins
DATE FILED: 08/06/1998
CLASS PERIOD START: 05/08/1997
CLASS PERIOD END: 05/13/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Barrack, Rodos & Bacine (San Diego - former)
    402 West Broadway , Barrack, Rodos & Bacine (San Diego - former), CA 92101
    619.230.0800 619.230.1874 · info@barrack.com
  2. Bernstein Litowitz Berger & Grossmann LLP (former San Diego)
    12544 High Bluff Drive, Suite 150, Bernstein Litowitz Berger & Grossmann LLP (former San Diego), CA 92130
    858.793.0070 858.793.0323 · blbg@blbglaw.com
  3. Hagens Berman, LLP
    1301 Fifth Avenue Suite 2900, Hagens Berman, LLP, WA 98101
    206.623.7292 · info@hagens-berman.com
  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
No Document Title Filing Date
COURT: C.D. California
DOCKET #: 98-CV-06384
JUDGE: Hon. Audrey B. Collins
DATE FILED: 01/19/1999
CLASS PERIOD START: 05/08/1997
CLASS PERIOD END: 05/13/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Litowitz Berger & Grossmann LLP (former San Diego)
    12544 High Bluff Drive, Suite 150, Bernstein Litowitz Berger & Grossmann LLP (former San Diego), CA 92130
    858.793.0070 858.793.0323 · blbg@blbglaw.com
  2. Hagens Berman, LLP
    1301 Fifth Avenue Suite 2900, Hagens Berman, LLP, WA 98101
    206.623.7292 · info@hagens-berman.com
  3. 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