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Case Status:    SETTLED
On or around 05/03/2002 (Date of order of final judgment)

Filing Date: February 16, 1999

According to Pediatrix Medical Group, Inc.’s Form 10-K for the fiscal year ended December 31, 2002, on May 3, 2002, the United States District Court for the Southern District of Florida entered an Order and Final Judgment approving the settlement of the class action litigation filed against the Company and certain of its officers. Under the terms of the settlement, the plaintiffs' claim was dismissed with prejudice in exchange for a cash payment of $12.0 million, which was covered by insurance policies.

The original class action suit charges defendants Pediatrix Medical Group, Inc. and certain of its officers with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Specifically, the Complaint alleges that throughout the Class Period, Pediatrix overstated its earnings by at least $1.3 million by capitalizing bonuses paid to its acquisition team instead of treating those payments as expenses. The Complaint also alleges that Pediatrix issued false and misleading statements concerning its accounts receivable. Further, the Complaint alleges that Pediatrix recently engaged a new auditor because the SEC found that its former auditor had violated auditor independence rules. Problems were identified during the new auditor's audit of Pediatrix' 1998 financial statements.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Healthcare Facilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: PDX
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. Florida
DOCKET #: 99-CV-06181
JUDGE: Hon. William J. Zloch
DATE FILED: 02/16/1999
CLASS PERIOD START: 04/28/1998
CLASS PERIOD END: 02/12/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Litowitz Berger & Grossmann LLP (former San Diego)
    12544 High Bluff Drive, Suite 150, Bernstein Litowitz Berger & Grossmann LLP (former San Diego), CA 92130
    858.793.0070 858.793.0323 · blbg@blbglaw.com
  2. Bernstein Litowitz Berger & Grossmann LLP (Westfield, NJ)
    220 St. Paul Street, Bernstein Litowitz Berger & Grossmann LLP (Westfield, NJ), NJ 07090
    908.928.1700 908.301.9008 · blbg@blbglaw.com
  3. Brodsky & Smith, LLC (former Pennysylvania)
    11 Bala Avenue, Suite 39, Brodsky & Smith, LLC (former Pennysylvania), PA 19004
    610.668.7987 610.660.0450 · esmith@Brodsky-Smith.com
  4. Burt & Pucillo LLP
    515 North Flagler Drive, Northbridge Centre, Suite 1701, Burt & Pucillo LLP, FL 33401
    800.349.4612 ·
No Document Title Filing Date
COURT: S.D. Florida
DOCKET #: 99-CV-06181
JUDGE: Hon. William J. Zloch
DATE FILED: 02/03/2000
CLASS PERIOD START: 03/31/1997
CLASS PERIOD END: 04/02/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berman DeValerio Pease Tabacco Burt & Pucillo (FL)
    515 North Flagler Drive - Suite 1701, Berman DeValerio Pease Tabacco Burt & Pucillo (FL), FL 33401
    561.835.9400 ·
  2. Bernstein Litowitz Berger & Grossmann LLP (New York, NY)
    1285 Avenue of the Americas, 33rd Floor, Bernstein Litowitz Berger & Grossmann LLP (New York, NY), NY 10019
    212.554.1400 212.554.1444 · blbg@blbglaw.com
No Document Title Filing Date