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Case Status:    SETTLED
On or around 07/14/2000 (Settlement hearing date)

Filing Date: March 11, 1998

According to the firm's 10-K dated 09/28/2000, during October 1999, an agreement in principle to settle all of this case, which was consolidated with four other filings, was reached and the parties subsequently executed and filed with the Court a definitive settlement agreement. On July 27, 2000 the settlement was approved by the Court and such settlement had no material adverse effect on the Company's financial position and results of operations.

A class action, with similar allegations, was also filed in the U.S. District Court for the Eastern District of Pennsylvania. On December 8, 1998, the case filed in the Southern District of New York was transferred to the Eastern District of Pennsylvania.

The original Complaint asserted claims against the Company, its Chairman and its former CFO, who are named as defendants in the suit, under the federal securities laws and for common law fraud, arising from alleged misrepresentations by the Company and the two individuals. The suit was filed as a class action on behalf of purchasers of the Company's common stock during the period from June 15, 1996 through August 15, 1997.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Hardware
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: HDSX
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: E.D. Pennsylvania
DOCKET #: 98-CV-01748
JUDGE: Hon. John S. Martin
DATE FILED: 03/11/1998
CLASS PERIOD START: 06/15/1996
CLASS PERIOD END: 08/15/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Altman & Company P.C.
    260 Madison Avenue, 22nd Floor, Altman & Company P.C. , NY 10016
    212.683.7600 212.683-7655 ·
  2. Ziegler, Ziegler & Associates, L.L.P.
    570 Lexington Avenue, Ziegler, Ziegler & Associates, L.L.P., NY 10022
    212.319.7600 ·
No Document Title Filing Date
COURT: E.D. Pennsylvania
DOCKET #: 98-CV-2582
JUDGE: Hon. John S. Martin
DATE FILED: 03/12/1999
CLASS PERIOD START: 06/15/1996
CLASS PERIOD END: 04/30/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Abbey Gardy & Squiteri LLP (San Francisco)
    595 Market Street, Suite 2500, Abbey Gardy & Squiteri LLP (San Francisco), CA 94105
    415.538.3725 ·
  2. Savett Frutkin Podell & Ryan, P.C.

    800.993.3233 · sfprpc@op.net
  3. Ziegler, Ziegler & Altman
    555 Madison Avenue, 11th Floor, Ziegler, Ziegler & Altman, NY 10022
    212-319-7600 212-319-7605 ·
No Document Title Filing Date