Case Page

 

Case Status:    SETTLED
On or around 03/28/2001 (Date of order of final judgment)

Filing Date: June 04, 1998

According to the Minute Order, dated March 27, 2001, the Court approved the settlement class certification. The Court granted plaintiff's motion for final approval of class action settlement and awarded class counsel, in the aggregate $1,341.532.00 in attorneys' fees and $87,527.56 as reimbursement of expenses. The case was dismissed with prejudice and closed. On December 19, 2001, the Court approved payment to David Berdon & Co., LLP, Claims Adminsitrator, in the aggregate amount of $34,384.78 and direct payment as well to Stull Stull & Boby in the amount of $588.56. Further, according to the Company’s Form 10-Q For the Quarterly Period Ended March 31, 2001, the Company agreed to settle all claims against all defendants in the consolidated complaint for $4,025,000.

The Complaint charges Nanophase and certain of its officers and directors with violations of the federal securities laws by making materially false and misleading statements about Nanophase's sales and earnings in connection with the initial public offering of Nanophase's common stock. As alleged in the complaint, due to the issuance of these false and misleading statements, the price of the Company's stock was artificially inflated during the class period.

COMPANY INFORMATION:

Sector: Basic Materials
Industry: Misc. Fabricated Products
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: NANX
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: N.D. Illinois
DOCKET #: 98-CV-3450
JUDGE: Hon. David H. Coar
DATE FILED: 06/04/1998
CLASS PERIOD START: 11/26/1997
CLASS PERIOD END: 01/08/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Abraham, Fruchter & Twersky (New York, One Pennsylvania Plaza)
    One Pennsylvania Plaza, Suite 1910, Abraham, Fruchter & Twersky (New York, One Pennsylvania Plaza), NY 10119
    212.279.5050 212.279.3655 · JFruchter@FruchterTwersky.com
  2. Lowey, Dannenberg, Bemporad & Selinger, P.C.
    1 North Lexington Avenue, 11th Floor, Lowey, Dannenberg, Bemporad & Selinger, P.C., NY 10601-1714
    914.997.0500 914.997.0035 · ldbs@wesetnet.com
  3. 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 ·
  4. Much, Shelist, Freed, Denenberg, Ament & Eiger, P.C.
    200 N LaSalle St Ste 2100, Much, Shelist, Freed, Denenberg, Ament & Eiger, P.C., IL 60601
    312.346.3100 ·
  5. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
  6. Susman, Watkins & Wylie, LLP
    Two First National Plaza, Suite 600, Susman, Watkins & Wylie, LLP, IL 60603
    ·
  7. Wolf Haldenstein Adler Freeman & Herz LLP (New York)
    270 Madison Avenue, Wolf Haldenstein Adler Freeman & Herz LLP (New York), NY 10016
    212.545.4600 212.686.0114 · newyork@whafh.com
No Document Title Filing Date
COURT: N.D. Illinois
DOCKET #: 98-CV-3450
JUDGE: Hon. David H. Coar
DATE FILED: 11/24/1998
CLASS PERIOD START: 11/26/1997
CLASS PERIOD END: 01/08/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Lowey, Dannenberg, Bemporad & Selinger, P.C.
    1 North Lexington Avenue, 11th Floor, Lowey, Dannenberg, Bemporad & Selinger, P.C., NY 10601-1714
    914.997.0500 914.997.0035 · ldbs@wesetnet.com
  2. 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 ·
  3. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
  4. Wolf Popper, LLP
    845 Third Avenue, Wolf Popper, LLP, NY 10022-6689
    877.370.7703 212.486.2093 · IRRep@wolfpopper.com
No Document Title Filing Date
No Document Title Filing Date