On or around 05/08/1998 (Other)
Filing Date: February 10, 1998
According to the docket posted, on May 8, 1998, the Court entered the Stipulation and Order of Dismissal of the action against the U.S. Securities Defendants without prejudice. The Court further entered that day a second Stipulation and Order of Dismissal with prejudice dismissing the action against Waco Classic and two individual defendants. The case was closed. On May 12, 1998, U.S. District Judge Sidney H. Stein issued an Order denying as moot all outstanding motions in this action.
The complaint asserts claims pursuant to Sections 12(a)(1) and 15 of the Securities Act of 1933 and Section 29(b) of the Securities Exchange Act of 1934 and alleges that Waco common stock and warrants were sold to plaintiff and other members of the Class (i) without having been properly registered with the Securities and Exchange Commission or otherwise exempted from those registration requirements and (ii) without the required penny stock disclosures having been made. The complaint names as defendants Waco, U.S. Securities & Futures Corp. and certain individuals. and seeks to obtain recission or recessionary damages on behalf of the Class.
Company & Securities Information
Defendant: Waco Classic Aircraft Corporation
Sector: Capital Goods
Industry: Aerospace & Defense
Headquarters: United States
Ticker Symbol: WCLA
Company Market: Pink Sheets
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
Reynolds, et al. v. Waco Classic Aircraft Corporation, et al.
COURT: S.D. New York
DOCKET #: 98-CV-00943
JUDGE: Hon. Sidney H. Stein
DATE FILED: 02/10/1998
CLASS PERIOD START: 04/01/1997
CLASS PERIOD END: 02/10/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Jeffrey S. Abraham 60 East 42nd Street, Suite 4700, Jeffrey S. Abraham, NY 10165 212.692.0555 ·