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Case Status:    SETTLED
On or around 09/10/2002 (Date of order of final judgment)

Filing Date: September 25, 1998

On September 10, 2002, the Court entered an Order and Final Judgment approving the settlement. The case was closed. Earlier, on May 1, 2002, the court entered a Stipulation and Agreement of Settlement by all Plaintiffs and the Defendants, Windmere-Durable, Nationsbanc, and certain Individual Defendants.

A Stipulation and Order was entered on January 7, 1999, transferring the case to the Southern District of Florida.

According to a Press Release dated October 8, 1998, the compalint charges that the Company allegedly promoted the Offering through false and misleading statements relating to the financial condition and prospects of Windmere's Household Products Group, which had recently been acquired for $315 million from the Black & Decker Corporation. On September 23, 1998 Windmere disclosed the true financial condition of the Household Products Group and stated that sales would be $30 to $40 million less than had been forecasted. After this disclosure, the Company's common stock plummeted by more than 50 percent.

COMPANY INFORMATION:

Sector: Services
Industry: Retail (Home Improvement)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: WND
Company Market: New York SE
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. Florida
DOCKET #: 98-CV-05974
JUDGE: Hon. Carol B. Amon
DATE FILED: 09/25/1998
CLASS PERIOD START: 05/12/1998
CLASS PERIOD END: 09/22/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Entwistle & Cappucci LLP
    299 Park Avenue, 14th Floor, Entwistle & Cappucci LLP, NY 10171
    212.894.7200 212.894.7272 · info@entwistle-law.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: S.D. Florida
DOCKET #: 98-CV-2273
JUDGE: Hon. Carol B. Amon
DATE FILED: 06/30/1999
CLASS PERIOD START: 05/12/1998
CLASS PERIOD END: 09/22/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Abbey Gardy, LLP (New York)
    212 East 39th Street, Abbey Gardy, LLP (New York), NY 10016
    212.889.3700 · info@abbeygardy.com
  2. Berman DeValerio Pease Tabacco Burt & Pucillo (MA)
    One Liberty Square, Berman DeValerio Pease Tabacco Burt & Pucillo (MA), MA 2109
    617.542.8300 617.230.0903 · info@bermanesq.com
  3. Bernstein Litowitz Berger & Grossmann LLP (New York, NY)
    1285 Avenue of the Americas, 33rd Floor, Bernstein Litowitz Berger & Grossmann LLP (New York, NY), NY 10019
    212.554.1400 212.554.1444 · blbg@blbglaw.com
  4. Cohen Milstein Hausfeld & Toll PLLC (Seattle WA)
    701 Fifth Avenue, Suite 6860, Cohen Milstein Hausfeld & Toll PLLC (Seattle WA), WA 98014
    206.521.0080 206.521.0166 · lawinfo@cmht.com
  5. Entwistle & Cappucci LLP
    299 Park Avenue, 14th Floor, Entwistle & Cappucci LLP, NY 10171
    212.894.7200 212.894.7272 · info@entwistle-law.com
  6. Goodkind Labaton Rudoff & Sucharow LLP
    100 Park Avenue, Goodkind Labaton Rudoff & Sucharow LLP, NY 10017
    212.907.0700 212.818.0477 · info@glrslaw.com
  7. Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)
    One Pennsylvania Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY), NY 10119-1065
    212.594.5300 ·
No Document Title Filing Date
No Document Title Filing Date