Case Page

 

Case Status:    SETTLED
On or around 08/12/1999 (Date of order of final judgment)

Filing Date: May 06, 1998

By the Final Judgment dated August 12, 1999, U.S. District Judge Alvin K. Hellerstein certified the Settlement Class for purposes of settlement. Plaintiff's counsel is awarded attorneys' fees in the amount of $1,000,000. Reimbursement of expenses in the amount of $30,186.73, are also awarded to plaintiff’s counsel. Payment of such fees and expenses shall be made out of the Settlement Fund by the Escrow Agent. According to Command Systems’ Form 10-K For the year ended December 31, 1999, class members became entitled to share pro rata in the $5.75 million cash settlement fund, plus interest, minus approved attorneys' fees and related expenses. The case is closed.

In a Press Release dated May 6, 1998, the complaint alleges that defendants violated the federal securities laws (Sections 11, 12(a)(2) and 15 of the Securities Exchange Act of 1933) for making material misrepresentations in the Registration Statement and Prospectus that was filed with the SEC and distributed to investors. Defendants, knowing that the business of providing year 2000 services is one of the most closely
followed by investors, made false and misleading statements regarding its
business and strategy so as to attract as much interest as possible in its IPO.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Networks
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CMND
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: S.D. New York
DOCKET #: 98-CV-3279
JUDGE: Hon. Allen G. Schwartz
DATE FILED: 05/06/1998
CLASS PERIOD START: 03/12/1997
CLASS PERIOD END: 04/29/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Lovell Stewart Halebian LLP (former New York)
    500 Fifth Avenue, Lovell Stewart Halebian LLP (former New York), NY 10110
    212.608.1900 212.719.4677 · info@lshllp.com
  2. Wechsler Harwood LLP
    488 Madison Avenue 8th Floor, Wechsler Harwood LLP, NY 10022
    212.935.7400 · info@whhf.com
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 98-CV-3279
JUDGE: Hon. Allen G. Schwartz
DATE FILED: 09/30/1998
CLASS PERIOD START: 03/12/1997
CLASS PERIOD END: 04/29/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Lovell Stewart Halebian LLP (former New York)
    500 Fifth Avenue, Lovell Stewart Halebian LLP (former New York), NY 10110
    212.608.1900 212.719.4677 · info@lshllp.com
  2. Wechsler Harwood LLP
    488 Madison Avenue 8th Floor, Wechsler Harwood LLP, NY 10022
    212.935.7400 · info@whhf.com
No Document Title Filing Date