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Case Status:    SETTLED
On or around 10/21/1999 (Date of order of final judgment)

Filing Date: February 19, 1997

According to the firm's 10-K filing dated 3/24/1999, in November 1997, the District Court dismissed this action and another action alleging similar claims. The Corporation has reached an agreement in principle to resolve all
claims in the class actions. The settlement is subject to the execution of
definitive documentation, notice to the class upon whose behalf the action was
brought, a fairness hearing, and approval by the Court of the settlement.

The original complaint charges that, during the Class Period, Westinghouse, certain of its officers and directors, certain of its subsidiaries, the underwriters for its May, 1991 public offering, and its auditor (Price Waterhouse), violated the federal securities laws, including Sections 10(b) and 20 of the Exchange Act and Rule 10b-5 of the Securities and Exchange Commission promulgated thereunder, by misrepresenting the financial condition of its subsidiaries, Westinghouse Credit Corp. and Westinghouse Financial Services, Inc. The Complaint alleges that these misrepresentations artificially inflated the market price of Westinghouse securities, thereby defrauding purchasers of those securities.


Sector: Services
Industry: Broadcasting & Cable TV
Headquarters: United States


Ticker Symbol: WX
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: W.D. Pennsylvania
DOCKET #: 97-CV-0309
JUDGE: Hon. D Brooks Smith
DATE FILED: 02/19/1997
CLASS PERIOD END: 10/22/1991
  1. Abbey Gardy & Squiteri LLP (San Francisco)
    595 Market Street, Suite 2500, Abbey Gardy & Squiteri LLP (San Francisco), CA 94105
    415.538.3725 ·
  2. Curtis V. Trinko LLP
    16 West 46th Street 7th Floor, Curtis V. Trinko LLP, NY 10036
    212.490.9550 212.986.0158 ·
  3. Specter Law Offices

  4. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 ·
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