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Case Status:    DISMISSED    
On or around 04/28/2004 (Other)

Filing Date: December 03, 1998

According to the Order and Judgment from the Tenth Circuit Court of Appeals, dated April 26, 2004, the judgment of the district court is affirmed and the matter dismissed.

As reported by the Company’s FORM 10-Q for the quarterly period ended March 31, 2002, the Company and certain of its former officers and directors have been
named as defendants in a securities class action filed in the United States
District Court for the District of Utah, Caprin v. Simon Transportation
Services, Inc., et al., No. 2:98CV 863K (filed December 3, 1998). Plaintiffs in
this action allege that defendants made material misrepresentations and
omissions during the period February 13, 1997 through April 2, 1998 in violation
of Sections 11, 12(2) and 15 of the Securities Act of 1933 and Sections 10(b)
and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder. On September 27, 2000, the District Court dismissed the case with
prejudice. Plaintiffs have appealed the dismissal of this action to the United
States Court of Appeal for the Tenth Circuit, which heard oral arguments on the
matter on January 15, 2002. No decision has been announced by the Court of
Appeals.

The original Complaint charges Simon, its President, Chairman and CEO, its CFO and Director and VP, with violations of the federal securities laws. Specifically, the Complaint alleges that Simon and its officers violated the federal securities laws by concealing facts relating to serious operational problems in the Company so that the individual defendants could sell millions of dollars of personal holdings in Simon before the negative information hit the market. The price of Simon's stock was artificially inflated during the Class Period as a result of the foregoing misconduct, and after the disclosure on April 2, 1998 of the severe operational problems, the stock immediately fell to $9 1/8, a decline of 63% from the Company's class period high of $24 3/4.

COMPANY INFORMATION:

Sector: Transportation
Industry: Trucking
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SIMN
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: D. Utah
DOCKET #: 98-CV-00863
JUDGE: Hon. Dale A. Kimball
DATE FILED: 12/03/1998
CLASS PERIOD START: 02/13/1997
CLASS PERIOD END: 04/02/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Catanzarite Law Corporation
    2331 West Lincoln Avenue, Catanzarite Law Corporation, CA 92801
    714.520.5544 714.520.0680 · info@catanzarite.com
No Document Title Filing Date
COURT: D. Utah
DOCKET #: 98-CV-00863
JUDGE: Hon. Dale A. Kimball
DATE FILED: 02/04/2000
CLASS PERIOD START: 02/13/1997
CLASS PERIOD END: 04/02/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Catanzarite Law Corporation
    2331 West Lincoln Avenue, Catanzarite Law Corporation, CA 92801
    714.520.5544 714.520.0680 · info@catanzarite.com
  2. Henricksen & Henricksen

    ·
  3. Lionel Z. Glancy
    1801 Avenue of the Stars Suite 308, Lionel Z. Glancy, CA 90067
    310.201.9150 ·
No Document Title Filing Date
No Document Title Filing Date