Case Page

 

Case Status:    SETTLED
On or around 10/09/1998 (Date of order of final judgment)

Filing Date: September 30, 1996

According to the Order and Final Judgement, dated October 8, 1998, by the U.S. District Judge Jed S. Rakoff, the case is dismissed with prejudice and without costs against any and all of the defendants, their past or present subsidiaries, parents, affiliates, etc. Counsel for plaintiffs and the Class are awarded the sum of 33 1/3% of the Gross Settlement Fund as and for their fees. Counsel for plaintiffs and the Class are also awarded the sum of $211,505.57 in reimbursement of expenses, from the cash in the Settlement Fund, with interest. The case is closed.

In the Press Release, dated 10/3/96, the original complaint charges Baesa, Pepsico Inc. and Charles H. Beach with violations of sections 10(b) and 20(a) of the Securities Exchange Act of 1934, by, among other things, misrepresenting the financial condition of the Company and by failing to disclose operational problems affecting Baesa. Because of the issuance of a series of materially false and misleading financial statements, the prices of Baesa ADS's and bonds were artificially inflated during the Class Period.

COMPANY INFORMATION:

Sector: Consumer Non-Cyclical
Industry: Beverages (Non-Alcoholic)
Headquarters: Argentina

SECURITIES INFORMATION:

Ticker Symbol: BAE
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: S.D. New York
DOCKET #: 96-CV-7435
JUDGE: Hon. Jed S. Rakoff
DATE FILED: 09/30/1996
CLASS PERIOD START: 11/16/1995
CLASS PERIOD END: 07/02/1996
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Catanzarite Law Corporation
    2331 West Lincoln Avenue, Catanzarite Law Corporation, CA 92801
    714.520.5544 714.520.0680 · info@catanzarite.com
  2. Lawrence G. Soicher
    342 Madison Avenue, 18th Floor , Lawrence G. Soicher, NY 10173
    212/883.8000 ·
  3. Lionel Z. Glancy
    1801 Avenue of the Stars Suite 308, Lionel Z. Glancy, CA 90067
    310.201.9150 ·
  4. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 96-CV-7435
JUDGE: Hon. Jed S. Rakoff
DATE FILED: 01/23/1997
CLASS PERIOD START: 11/16/1995
CLASS PERIOD END: 08/08/1996
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. 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 ·
No Document Title Filing Date