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Case Status:    SETTLED
On or around 10/03/2000 (Other)

Filing Date: October 08, 1998

By the Order entered on October 3, 2000, U.S. District Judge Daniel B. Sparr granted the motion to dismiss the action with prejudice without costs to any party upon finality of the Judgment in the State Action on September 30, 2000.

According to the Notice of Settlement, the proposed Settlement settles the state and federal actions, and creates a fund in the amount of $6.0 million in cash, any interest that accrues on the fund prior to distribution, and 1,300,000 shares of EFTC common stock.

The complaint charges EFTC and certain officers and directors of the Company during the relevant time period with issuing a series of materially false and misleading statements concerning the Company's business, operations and growth prospects. Because of the issuance of a series of false and misleading statements, the price of common stock was artificially inflated during the Class Period. Prior to the disclosure of the adverse facts described above, certain officers and directors of the Company sold significant amounts of EFTC common stock to the unsuspecting investing public. These sales allowed these insiders and the Company to reap proceeds of $42 million from the sale of their shares.

COMPANY INFORMATION:

Sector: Technology
Industry: Electronic Instruments & Controls
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: EFTC
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. Colorado
DOCKET #: 98-CV-02178
JUDGE: Hon. Daniel B. Sparr
DATE FILED: 10/08/1998
CLASS PERIOD START: 06/02/1998
CLASS PERIOD END: 08/20/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Dyer & Shuman, LLP
    801 East 17th Avenue, Dyer & Shuman, LLP, CO 80218-1417
    303.861.3003 800.711.6483 · info@dyershuman.com
  2. 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: D. Colorado
DOCKET #: 98-CV-02178
JUDGE: Hon. Daniel B. Sparr
DATE FILED: 01/22/1999
CLASS PERIOD START: 04/06/1998
CLASS PERIOD END: 08/20/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Dyer & Shuman, LLP
    801 East 17th Avenue, Dyer & Shuman, LLP, CO 80218-1417
    303.861.3003 800.711.6483 · info@dyershuman.com
  2. 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
  3. Reinhardt & Anderson
    E 1000 First Bank Bldg - 332 Minnesota Street, Reinhardt & Anderson, MN 55101
    651.227.9990 ·
No Document Title Filing Date
No Document Title Filing Date