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Case Status:    SETTLED
On or around 05/16/2000 (Date of order of final judgment)

Filing Date: May 14, 1998

According to the docket dated June 25, 2001, U.S. District Judge Nora M. Manella approved the settlement and the case was dismissed with prejudice. On June 9, 2000, the Court issued an Order awarding the plaintiff’s counsel reimbursement fees and expenses in the amount of $208,060.13 from the settlement fund, together with interest earned thereon for the same time period and at the same rate as that earned on the Settlement Fund until paid. Later, on June 25, 2001, Judge Manella authorized the disbursement of the net settlement fund, and approved the payment to the Claims Administrator David Berdon & Co. in the amount of $100,000.

The original Complaint alleges that defendants participated in a scheme or common course of conduct, in violation of federal securities laws, to artificially inflate Select's stock price so that they could maintain their lucrative positions. The Complaint further alleges that as a result of defendants' false statements, misrepresentations, and omissions, the price of Select's common stock was artificially inflated from its initial public offering and was then maintained at an artificially inflated level until the end of the Class Period, when the Company issued a press release announcing that results for the fourth quarter 1997 would fall far short of expectations, and announcing the restatement of third quarter 1997 earnings.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: United Kingdom

SECURITIES INFORMATION:

Ticker Symbol: SLCTY
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: C.D. California
DOCKET #: 98-CV-3777
JUDGE: Hon. William D. Keller
DATE FILED: 05/14/1998
CLASS PERIOD START: 01/02/1997
CLASS PERIOD END: 03/05/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Weiss & Yourman (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Yourman (New York, NY), NY 10126
    212.682.3025 212.682.3010 · info@wyca.com
No Document Title Filing Date
COURT: C.D. California
DOCKET #: 98-CV-3777
JUDGE: Hon. William D. Keller
DATE FILED: 04/07/1999
CLASS PERIOD START: 01/02/1997
CLASS PERIOD END: 03/05/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Weiss & Yourman (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Yourman (New York, NY), NY 10126
    212.682.3025 212.682.3010 · info@wyca.com
No Document Title Filing Date