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Optomedic Medical Technologies, Ltd.

Case Summary

Optomedic Medical Technologies, Ltd. Securities Litigation

Case Summary

Case Status:    DISMISSED    
On or around 09/25/2003 (Date of order of final judgment)

Filing Date: June 07, 1999

On September 25, 2003, the Court entered a Judgment in accordance with the Memorandum and Order, dated September 19, 2003, by U.S. District Judge Carol B. Amon, granting the defendants’ motion to dismiss all of the plaintiffs’ claims. The Judgment further directed that the plaintiffs take nothing of the defendants and that leave to amend the complaint was denied. The original complaint alleges that defendants disseminated a materially false and misleading Registration Statement and Prospectus for Optomedic shares and warrants by failing to disclose that sales of the Company's products had virtually stopped by June 19, 1998.

Company & Securities Information

Defendant: Optomedic Medical Technologies, Ltd.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Medical Equipment & Supplies
Headquarters: Israel

SECURITIES INFORMATION:

Ticker Symbol: KPLNF
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.

First Identified Complaint

James Stern, et al. v. Optomedic Medical Technologies, Ltd., et al.

COURT: E.D. New York
DOCKET #: 99-CV-03198
JUDGE: Hon. Carol B. Amon
DATE FILED: 06/07/1999
CLASS PERIOD START: 06/19/1998
CLASS PERIOD END: 05/10/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Weiss & Yourman (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Yourman (New York, NY), NY 10126
    212.682.3025 212.682.3010 · info@wyca.com
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint 06/01/1999

Reference Complaint

James Stern, et al. v. Optomedic Medical Technologies, Ltd., et al.

COURT: E.D. New York
DOCKET #: 99-CV-03198
JUDGE: Hon. Carol B. Amon
DATE FILED: 05/18/2000
CLASS PERIOD START: 06/18/1998
CLASS PERIOD END: 05/10/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Weiss & Yourman (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Yourman (New York, NY), NY 10126
    212.682.3025 212.682.3010 · info@wyca.com
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Memorandum and Order 09/19/2003
2 Judgment 09/25/2003
3 U.S. District Court Civil Docket 09/25/2003
 
 

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