On or around 03/21/2001 (Date of order of final judgment)
Filing Date: June 09, 1999
According to the docket dated April 3, 2001, on March 21, 2001, the Court entered the Memorandum and Order by U.S. District Judge Patti B. Saris granting the defendants’ motion to dismiss the complaint. The Memorandum and Order concluded that the complaint failed to allege adequate loss causation. The Court also entered that day, the Order of Dismissal by Judge Patti B. Saris, and the case was closed.
The original complaint charges Polaroid, and certain of its officers and directors with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 as well as Rule 10b-5. Specifically, the complaint alleges that defendants issued a series of materially false and misleading statements concerning the Company's operations and operating results. Because of the issuance of a series of false and misleading statements the price of Polaroid common stock was artificially inflated during the Class Period.
Company & Securities Information
Defendant: Polaroid Corporation
Sector: Consumer Cyclical
Headquarters: United States
Ticker Symbol: PRD
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.
First Identified Complaint
Abraham Schreiber, et al. v. Polaroid Corporation, et al.
COURT: D. Massachusetts
DOCKET #: 99-CV-11245
JUDGE: Hon. Patti B. Saris
DATE FILED: 06/09/1999
CLASS PERIOD START: 04/16/1997
CLASS PERIOD END: 08/28/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Law Offices of Steven E. Cauley, P.A. (Little Rock) 2200 Rodney Parham Road Suite 218, Law Offices of Steven E. Cauley, P.A. (Little Rock), AR 72212 501.312.8500 ·
Harold B. Obstfeld 260 Madison Avenue, Harold B. Obstfeld, NY 10016 212.696.1210 ·
Law Offices of Steven E. Cauley, P.A. (Little Rock) Suite 210, Cypress Plaza. 2200 N. Rodney Parham Road, Law Offices of Steven E. Cauley, P.A. (Little Rock), AR 72212 501.312.8500 501.312.8505 · firstname.lastname@example.org