Case Page

 

Case Status:    SETTLED
On or around 08/23/1999 (Date of order of final judgment)

Filing Date: June 18, 1996

According to the docket posted, on August 23, 1999, the Court entered the Order signed by U.S. District Judge Henry L. Adams Jr. granting both joint motions to approve the settlement and dismiss the action. The action was dismissed with prejudice and the Defendants were released from all liability. The case was closed.

As summarized in the Stipulation and Agreement of Compromise and Settlement dated July 27, 1999, the plaintiffs Hubert and Mildred Coffey are awarded $2639.39 and plaintiffs Roger and Virginia S. Ellis are awarded $1933.39. Further, Defendants shall pay to Plaintiffs' counsel, attorneys' fees and costs in the amount of $35,000.

In a Press Release, dated June 24, 1996, a Tampa attorney has hit Great Western Financial Corp. and its banking and investment subsidiaries with a class action suit charging securities fraud, misleading sales practices and "bogus 'investment advisory"' services. The suit, filed last Tuesday in the U.S. District Court for the Middle District of Florida was filed on behalf of four senior-citizen customers who purchased Great Western's proprietary mutual funds, the Sierra Trust Funds and, as the lawsuit describes them, the "chimerical investment advisory services through the 'Sierra Asset Management Account."' The suit alleges that Great Western misled customers by confusing securities with bank accounts, lacking required disclosure and following inaccurate sales scripts.

COMPANY INFORMATION:

Sector: Financial
Industry: Other (Mutual Fund)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol:
Company Market: Open-end Fund
Market Status: Open-end Fund

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 #: 96-CV-1200
JUDGE: Hon. Henry L. Adams, Jr.
DATE FILED: 06/18/1996
CLASS PERIOD START:
CLASS PERIOD END:
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Alpert, Barker & Rodems, P.A.
    P.O. Box 3270, Alpert, Barker & Rodems, P.A., FL 33601
    813.223.4131 ·
  2. Chitwood & Harley LLP
    1230 Peachtree Street, N.E., 2300 Promenade II, Chitwood & Harley LLP, GA 30309
    888.873.3999 404.873.4476 · info@chitwoodlaw.com
  3. James, Hoyer & Newcomer, P.A.
    One Urban Centre, suite 147, 4830 West Kennedy Boulevard, James, Hoyer & Newcomer, P.A., FL 33609
    813286.4100 · choyer@jameshoyer.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: M.D. Florida
DOCKET #: 96-CV-1200
JUDGE: Hon. Henry L. Adams, Jr.
DATE FILED: 11/25/1997
CLASS PERIOD START: 04/14/1995
CLASS PERIOD END: 11/24/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Alpert, Barker & Rodems, P.A.
    P.O. Box 3270, Alpert, Barker & Rodems, P.A., FL 33601
    813.223.4131 ·
  2. Chitwood & Harley LLP
    1230 Peachtree Street, N.E., 2300 Promenade II, Chitwood & Harley LLP, GA 30309
    888.873.3999 404.873.4476 · info@chitwoodlaw.com
  3. James, Hoyer & Newcomer, P.A.
    One Urban Centre, suite 147, 4830 West Kennedy Boulevard, James, Hoyer & Newcomer, P.A., FL 33609
    813286.4100 · choyer@jameshoyer.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
  5. The Alpert Law Firm
    5920 River Terrace, P.O. Box 3270, The Alpert Law Firm, FL 33604-3270
    813.223.4131 813.228.9612 · JONALPERT@AOL.COM
No Document Title Filing Date