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Case Status:    SETTLED
On or around 06/05/2001 (Date of order of final judgment)

Filing Date: June 26, 1998

On June 4, 2001, U.S. District Gary L. Taylor issued a Judgment and Order granting the stipulation for settlement. Judge Taylor approved the plan of allocation of settlement proceeds and awarded the plaintiff’s counsel fees and expenses in the amount of 25% of the settlement fund and reimbursement of litigation expenses in the amount of $169,791.33. The case was dismissed with prejudice.

By the Notice of Pendency and Proposed Settlement, the proposed settement fund is in the amount of $6.5 million.

The original complaint charges Simulation and certain of its officers, directors, venture capitalists and its underwriters with violations of the Securities Act of 1933 and the Securities Exchange Act of 1934. The complaint alleges that on April 21, 1997, the beginning of the Class Period, Simulation announced better than anticipated 1stQ 1997 results, revenues of $13.6 million, net income of $1.5 million and EPS of $.13.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: SMCI
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-00546
JUDGE: Hon. Gary L. Taylor
DATE FILED: 06/26/1998
CLASS PERIOD START: 04/21/1997
CLASS PERIOD END: 02/06/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Barrack, Rodos & Bacine (San Diego - former)
    402 West Broadway , Barrack, Rodos & Bacine (San Diego - former), CA 92101
    619.230.0800 619.230.1874 · info@barrack.com
  2. Bernstein Litowitz Berger & Grossmann LLP (former San Diego)
    12544 High Bluff Drive, Suite 150, Bernstein Litowitz Berger & Grossmann LLP (former San Diego), CA 92130
    858.793.0070 858.793.0323 · blbg@blbglaw.com
  3. 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: C.D. California
DOCKET #: 98-CV-00546
JUDGE: Hon. Gary L. Taylor
DATE FILED: 09/15/1999
CLASS PERIOD START: 04/21/1997
CLASS PERIOD END: 02/06/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Barrack, Rodos & Bacine (San Diego - former)
    402 West Broadway , Barrack, Rodos & Bacine (San Diego - former), CA 92101
    619.230.0800 619.230.1874 · info@barrack.com
  2. Bernstein Litowitz Berger & Grossmann LLP (former San Diego)
    12544 High Bluff Drive, Suite 150, Bernstein Litowitz Berger & Grossmann LLP (former San Diego), CA 92130
    858.793.0070 858.793.0323 · blbg@blbglaw.com
  3. 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