Case Page

 

Case Status:    SETTLED
On or around 02/08/2000 (Date of order of final judgment)

Filing Date: July 13, 1998

According to the Order and Final Judgment dated, February 4, 2000, U.S. District Judge Todd J. Campbell awarded the sum of $5,000,000.00 in fees, which the Court finds to be fair and reasonable, and $122,186.99 in reimbursement of expenses, which shall be paid to the Chair of plaintiffs' Executive Committee from the Settlement Fund with interest. Earlier, on June 1, 1999, U.S. Judge Todd J. Campbell granted in part and denying in part the motion to dismiss. Claims against certain individual defendants were dismissed.

The original lawsuit alleges that Sirrom and certain of its officers and directors failed to disclose the impaired value of certain of its key investments in and loans to several of its borrowers including Saraventure Fixtures and Precision Panel. The defendants allegedly concealed this information so that they could sell 6.9 million shares of Sirrom stock at artificially inflated prices and thereby reap over $160 million dollars before Sirrom collapsed in price.

COMPANY INFORMATION:

Sector: Financial
Industry: Investment Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SIR
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: M.D. Tennessee
DOCKET #: 98-CV-643
JUDGE: Hon. John T. Nixon
DATE FILED: 07/13/1998
CLASS PERIOD START: 01/20/1998
CLASS PERIOD END: 07/09/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Barrett, Johnston & Parsley
    217 Second Avenue, N, Barrett, Johnston & Parsley, TN 37201
    615.244.2202 ·
  2. Cauley Geller Bowman & Coates, LLP (Little Rock, AR)
    11311 Arcade Drive, Suite 200, Cauley Geller Bowman & Coates, LLP (Little Rock, AR), AR 72212
    ·
  3. Chernau, Chaffin & Burnsed, P.C.
    424 Church Street, Suite 1750, SunTrust Center, Chernau, Chaffin & Burnsed, P.C., TN 37219
    615.244.5480 ·
  4. 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
  5. Wohl & Entwistle LLP
    330 Madison Avenue, Wohl & Entwistle LLP, NY 10017
    212.867.1030 ·
No Document Title Filing Date
COURT: M.D. Tennessee
DOCKET #: 98-CV-643
JUDGE: Hon. John T. Nixon
DATE FILED: 12/14/1998
CLASS PERIOD START: 01/20/1998
CLASS PERIOD END: 07/09/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Barrett, Johnston & Parsley
    217 Second Avenue, N, Barrett, Johnston & Parsley, TN 37201
    615.244.2202 ·
  2. Cauley Geller Bowman & Coates, LLP (Little Rock, AR)
    11311 Arcade Drive, Suite 200, Cauley Geller Bowman & Coates, LLP (Little Rock, AR), AR 72212
    ·
  3. Chernau, Chaffin & Burnsed, P.C.
    424 Church Street, Suite 1750, SunTrust Center, Chernau, Chaffin & Burnsed, P.C., TN 37219
    615.244.5480 ·
  4. Entwistle & Cappucci LLP
    299 Park Avenue, 14th Floor, Entwistle & Cappucci LLP, NY 10171
    212.894.7200 212.894.7272 · info@entwistle-law.com
  5. 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