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Case Status:    SETTLED
On or around 04/24/2002 (Date of order of final judgment)

Filing Date: January 29, 1999

According to the most recent docket, on March 5, 2003, the U.S. District Judge Patricia C. Fawsett issued an Order granting the motion to approve the distribution of the net settlement fund. Earlier, on April 24, 2002, the Court entered the Order and Final Judgment by Judge Fawsett certifying the class action and finding the Settlement and Plan of Allocation as fair, reasonable and adequate. The complaint was dismissed with prejudice and the case closed. Plaintiff's Counsel was awarded the sum of $560,000.00 in fees and $64,013.16 in reimbursement of expenses, paid with interest, from the Settlement Fund. On September 29, 2000, the plaintiffs filed an Amended Consolidated Class Action after the Corrected Consolidated Amended Class Action Complaint was previously dismissed by Judge Fawsett on May 10, 2000.

The original Complaint charges that Gencor and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by causing Gencor to report inflated earnings for fiscal 1998. Indeed, the Company reported that its "fiscal 1998 earnings per share of $1.52 may be reduced by as much as $0.35 to $0.50 per share" due to "accounting irregularities and other improprieties(.)" The complaint further alleges that as a result of the issuance of these false results, the price of Gencor common stock was artificially inflated throughout the Class Period.

COMPANY INFORMATION:

Sector: Services
Industry: Communications Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: GX
Company Market: American SE
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: M.D. Florida
DOCKET #: 99-CV-106
JUDGE: Hon. Patricia C. Fawsett
DATE FILED: 01/29/1999
CLASS PERIOD START: 02/05/1998
CLASS PERIOD END: 01/28/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Abbey Gardy & Squiteri LLP (San Francisco)
    595 Market Street, Suite 2500, Abbey Gardy & Squiteri LLP (San Francisco), CA 94105
    415.538.3725 ·
  2. Goodkind Labaton Rudoff & Sucharow LLP
    100 Park Avenue, Goodkind Labaton Rudoff & Sucharow LLP, NY 10017
    212.907.0700 212.818.0477 · info@glrslaw.com
  3. James V. Bashian
    500 Fifth Ave Ste 2800, James V. Bashian, NY 10110
    ·
  4. Smith, MacKinnon, Harris, Greeley, Bowdin & Edwards
    225 South Orange Ave. Ste. 800, Firstate Tower, PO Box 2254 , Smith, MacKinnon, Harris, Greeley, Bowdin & Edwards, FL 32802-7300
    407.843.7300 ·
  5. Squitieri & Fearon LLP (New York)
    420 5th Avenue, 18th Floor, Squitieri & Fearon LLP (New York), NY 10018
    212.575.2092 212.575.2184 · lee@sfclasslaw.com
No Document Title Filing Date
COURT: M.D. Florida
DOCKET #: 99-CV-106
JUDGE: Hon. Patricia C. Fawsett
DATE FILED: 09/29/2000
CLASS PERIOD START: 02/05/1998
CLASS PERIOD END: 01/28/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Abbey Gardy & Squiteri LLP (San Francisco)
    595 Market Street, Suite 2500, Abbey Gardy & Squiteri LLP (San Francisco), CA 94105
    415.538.3725 ·
  2. Goodkind Labaton Rudoff & Sucharow LLP
    100 Park Avenue, Goodkind Labaton Rudoff & Sucharow LLP, NY 10017
    212.907.0700 212.818.0477 · info@glrslaw.com
  3. James V. Bashian
    500 Fifth Ave Ste 2800, James V. Bashian, NY 10110
    ·
  4. Milberg Weiss Bershad Hynes & Lerach LLP (Boca Raton)
    The Plaza, Suite 900, 5355 Town Center Road, Milberg Weiss Bershad Hynes & Lerach LLP (Boca Raton), FL 33486
    561.361.5000 ·
  5. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
  6. Smith, MacKinnon, Harris, Greeley, Bowdin & Edwards
    225 South Orange Ave. Ste. 800, Firstate Tower, PO Box 2254 , Smith, MacKinnon, Harris, Greeley, Bowdin & Edwards, FL 32802-7300
    407.843.7300 ·
  7. Squitieri & Fearon LLP (New York)
    420 5th Avenue, 18th Floor, Squitieri & Fearon LLP (New York), NY 10018
    212.575.2092 212.575.2184 · lee@sfclasslaw.com
No Document Title Filing Date
No Document Title Filing Date