Case Page

 

Case Status:    DISMISSED    
On or around 07/30/1998 (Court's order of dismissal)

Filing Date: March 31, 1998

The original Complaint charges defendants with violations of Sections 10(b) and 20(a) of the Exchange Act in connection with, among other things, their dissemination of materially false and misleading press releases, public filings and/or statements issued during the Class Period concerning Sholodge's financial results.

According to the firm's 10-K filing dated April 14, 1999, the case, styled Lorraine Donergue v. ShoLodge, Inc., et al., Case No. 3-98-0295, alleged that the Company violated Section 10(b) of the Securities Exchange Act of 1934 by issuing allegedly false and misleading statements and financial information to the investing public during 1997. The lawsuit also named as defendants three of the Company's officers. The plaintiff sought an unspecified amount of damages. In August 1998, this case was dismissed with respect to all named defendants.

COMPANY INFORMATION:

Sector: Services
Industry: Hotels & Motels
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: LODG
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: M.D. Tennessee
DOCKET #: 98-CV-0295
JUDGE: Hon. Thomas A. Higgins
DATE FILED: 03/31/1998
CLASS PERIOD START: 05/07/1997
CLASS PERIOD END: 03/03/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Goodkind Labaton Rudoff & Sucharow LLP
    100 Park Avenue, Goodkind Labaton Rudoff & Sucharow LLP, NY 10017
    212.907.0700 212.818.0477 · info@glrslaw.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
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