Case Page

 

Case Status:    SETTLED
On or around 09/21/1999 (Date of order of final judgment)

Filing Date: February 11, 1998

According to a press release dated November 15, 1999, of the total money to be paid defrauded investors, $5.9 million will be paid by SunAmerica Securities of Phoenix, Arizona, and $ 1.1 million by an insurance company.

As recorded in the docket, on September 21, 1999, the Court entered several Orders by U.S. District Judge William L. Dwyer releasing all claims against certain Individual Defendants, dismissing the action against SunAmerica Securities Inc. and certain Individual Defendants with prejudice and without costs as well as dismissal of the action against Philip E. Harmon & Assocociates Inc. without prejudice and without costs. Judge William L. Dwyer further ordered that the class counsel be awarded $1,750,000 (25% of $7 million) in attorneys' fees from the common settlement fund for services performed in the litigation.

The complaint alleges SunAmerica was involved in a larger Ponzi scheme perpetrated by certain defendants. Certain defendants were affiliated with SunAmerica, which the class-action suit charged with negligence for failing to detect the fraud.

COMPANY INFORMATION:

Sector: Financial
Industry: Investment Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol:
Company Market: Privately Traded
Market Status: Privately Held

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. Washington
DOCKET #: 98-CV-178
JUDGE: Hon. William L. Dwyer
DATE FILED: 02/11/1998
CLASS PERIOD START: 04/01/1987
CLASS PERIOD END: 04/30/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Keller Rohrback LLP (Seattle)
    1201 Third Avenue, Suite 3200, Keller Rohrback LLP (Seattle), WA 98101-3052
    800.776.6044 206.623.3384 · investor@kellerrohrback.com
No Document Title Filing Date
COURT: W.D. Washington
DOCKET #: 98-CV-178
JUDGE: Hon. William L. Dwyer
DATE FILED: 02/11/1999
CLASS PERIOD START: 04/01/1987
CLASS PERIOD END: 04/30/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Keller Rohrback LLP (Seattle)
    1201 Third Avenue, Suite 3200, Keller Rohrback LLP (Seattle), WA 98101-3052
    800.776.6044 206.623.3384 · investor@kellerrohrback.com
No Document Title Filing Date