On or around 05/14/2001 (Date of order of final judgment)
Filing Date: February 19, 1999
According to the docket, on January 31, 2001, the Court entered the Order dismissing the action and the case was closed. On May 14, 2001, the Court entered the Judgment by U.S. District Judge Denis Hurley dismissing the complaint with prejudice. The Judge stated that the plaintiffs take nothing of the defendants.
The original complaint alleges that defendants violated the federal securities laws (Sections 10(b) and 20(a) of the Securities Exchange Act of 1934) by misrepresenting or failing to disclose material information about Computer Concepts' financial condition and operating performance. As a result of defendants' false and misleading statements and omissions, the price of Computer Concepts' securities was artificially inflated during the Class Period, such that persons who purchased or otherwise acquired Computer Concepts' securities during the Class Period were damaged by overpaying for their securities.
Company & Securities Information
Defendant: Computer Concepts Corporation
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: CCEE
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.
First Identified Complaint
[Unknown Plaintiff], et al. v. Computer Concepts Corporation, et al.