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Case Status:    DISMISSED    
On or around 05/12/2000 (Date of order of final judgment)

Filing Date: April 19, 1999

According to the most recent docket posted, on June 11, 1999, the defendants filed motions to dismiss the complaint. On March 27, 2000, the Court entered the Final Order signed by U.S. District Judge William P. Dimitrouleas granting the motions to dismiss the complaint and denying as moot the motion for appointment of co-lead plaintiffs and motion for class certification. The case was closed. On May 12, 2000, the Court entered the Final Judgment dismissing the action.

The complaint charges that as part of and as a participant in the scheme to defraud investors and create a market for otherwise unmarketable ICM "securities," SouthTrust and an Individual Defendant acted as a reference for potential investors in ICM. The complaint further alleges that Defendants violated securities laws by touting ICM and its principals without (a) any investigation into the background of any of ICM's principals; (b) any investigation of financial statements from ICM; and (c) any documentation concerning confirmation of transactions or income earned by investors. Plaintiffs seek to recover damages on behalf of all class members.


Sector: Financial
Industry: Regional Banks
Headquarters: United States


Ticker Symbol:
Company Market: Undetermined
Market Status: Unknown

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: S.D. Florida
DOCKET #: 99-CV-06468
JUDGE: Hon. William J. Zloch
DATE FILED: 04/19/1999
CLASS PERIOD END: 09/30/1998
  1. Ackerman, Link & Sartory, P.A.
    222 Lakeview Avenue, Esperante, Suite 1330, Ackerman, Link & Sartory, P.A., FL 33401
    888.257.1529 ·
  2. Hanzman, Criden, Korge, Chaykin, Ponce & Heise, P.A.
    200 S. Biscayne Blvd., Hanzman, Criden, Korge, Chaykin, Ponce & Heise, P.A., FL 33131
No Document Title Filing Date