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Stanford Law School Securities Class Action Clearinghouse a Collaboration with Cornerstone Research

Case Page

 

Computer Concepts Corporation

Case Summary

Computer Concepts Corporation Securities Litigation

Case Summary

Case Status:    DISMISSED  
—On or around 05/14/2001 (Date of order of final judgment)
Current/Last Presiding Judge:  
Hon. Denis R. Hurley

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.

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