Case Page

 

Case Status:    SETTLED
On or around 08/16/1999 (Date of order of final judgment)

Filing Date: July 07, 1997

According to the docket, the court entered its order of final approval of settlement and final judgment on 8/16/1999, terminating the case.

By the Notice of Proposed Settlement of the Class Action dated May 24, 1999, the stipulation of settlement was agreed to on March 11, 1999. The settlement is for $650,000.

The original complaint alleges that Streamlogic, certain officers and directors, and its underwriters violated federal securities laws by manipulating the price of Streamlogic common stock through a series of material misrepresentations and omissions regarding the company's ability to finance efforts to develop new products and lines of business, particularly in relation to the company's joint development efforts with Sattel Communications, Inc., when in fact: 1) due to continuing operating losses and pressing financial commitments, Streamlogic was in no financial position to fund any new development efforts; and 2) Sattel Communications had dated technologies and no research and development capabilities. The complaint alleges that Streamlogic's stock was traded on the Nasdaq National Stock Market until June 25, 1997, when it was delisted. The following day, June 26, 1997, the Company filed for protection under Chapter 11 of the federal bankruptcy laws.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Storage Devices
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: STLC
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 #: 97-CV-4922
JUDGE: Hon. Manuel L. Real
DATE FILED: 07/07/1997
CLASS PERIOD START: 05/07/1996
CLASS PERIOD END: 11/21/1996
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Finkelstein, Thompson & Loughran
    1050 30th Street, NW, Finkelstein, Thompson & Loughran, DC 20007
    202.337.8000 202.337.8090 · contact@ftllaw.com
  2. Goodkind Labaton Rudoff & Sucharow LLP
    100 Park Avenue, Goodkind Labaton Rudoff & Sucharow LLP, NY 10017
    212.907.0700 212.818.0477 · info@glrslaw.com
  3. Krause Kalfayan Benink & Slavens, LLP (San Diego)
    1010 Second Avenue, Suite 1750, Krause Kalfayan Benink & Slavens, LLP (San Diego), CA 92101
    619.232.0331 619.232.4019 ·
No Document Title Filing Date
COURT: C.D. California
DOCKET #: 97-CV-4922
JUDGE: Hon. Manuel L. Real
DATE FILED: 11/24/1997
CLASS PERIOD START:
CLASS PERIOD END:
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Finkelstein, Thompson & Loughran
    1050 30th Street, NW, Finkelstein, Thompson & Loughran, DC 20007
    202.337.8000 202.337.8090 · contact@ftllaw.com
  2. Goodkind Labaton Rudoff & Sucharow LLP
    100 Park Avenue, Goodkind Labaton Rudoff & Sucharow LLP, NY 10017
    212.907.0700 212.818.0477 · info@glrslaw.com
  3. Krause Kalfayan Benink & Slavens, LLP (San Diego)
    1010 Second Avenue, Suite 1750, Krause Kalfayan Benink & Slavens, LLP (San Diego), CA 92101
    619.232.0331 619.232.4019 ·
No Document Title Filing Date