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Case Status:    DISMISSED    
On or around 11/19/2001 (Other)

Filing Date: February 22, 2000

According to the docket posted, on November 19, 2001, the Court entered the Mandate/Judgment from the U.S. Court of Appeals for the Eighth Circuit granting the joint motion for dismissal of the appeal.

Previously, on May 21, 2001, the Court entered the Order by Magistrate Judge Kathleen A. Jaudzemis denying the plaintiff’s motion for leave to file a consolidated second amended class action complaint. Further, Magistrate Judge Kathleen A. Jaudzemis issued a Report and Recommendation that the defendants’ motion to dismiss the consolidated amended class action complaint be granted. On September 27, 2001, the Court entered the Memorandum and Order by Chief Judge Richard G. Kopf accepting in its entirety the Report and Recommendation. That same day, the Court entered Judgment in favor of the defendants and the consolidated amended class action complaint was dismissed with prejudice. On October 25, 2001, the plaintiffs filed an appeal from the Memorandum and Order and Judgment.

The original complaint charges IBP and certain of its senior officers and directors with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule10b-5 promulgated thereunder. The complaint alleges that defendants issued a series of materially false and misleading statements concerning the Company's compliance with state and federal protection laws applicable to the Company's beef and pork production facilities. Because of the issuance of a series of materially false and misleading statements the price of IBP securities was artificially inflated during the Class Period. The action further alleges that prior to the disclosure of the adverse facts described above, defendants intended to use millions of shares of artificially inflated IBP common stock as currency for a proposed corporate acquisition.

COMPANY INFORMATION:

Sector: Consumer Non-Cyclical
Industry: Food Processing
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: IBP
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: D. Nebraska
DOCKET #: 00-CV-00106
JUDGE: Magistrate Judge Kathleen A. Jaudzemis
DATE FILED: 02/22/2000
CLASS PERIOD START: 03/25/1999
CLASS PERIOD END: 01/12/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Law Offices of Marc S. Henzel (Lawrence)
    335 Central Avenue, Law Offices of Marc S. Henzel (Lawrence), NY 11559
    516.374.0707 516.295.3473 · securitiesfraud@comcast.net
No Document Title Filing Date
COURT: D. Nebraska
DOCKET #: 00-CV-00106
JUDGE: Magistrate Judge Kathleen A. Jaudzemis
DATE FILED: 10/16/2000
CLASS PERIOD START: 03/25/1999
CLASS PERIOD END: 01/12/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Abrahams, Kaslow Law Firm
    8712 West Dodge Road Suite 300, Abrahams, Kaslow Law Firm, NE 68114-3419
    ·
  2. Wolf Haldenstein Adler Freeman & Herz LLP (New York)
    270 Madison Avenue, Wolf Haldenstein Adler Freeman & Herz LLP (New York), NY 10016
    212.545.4600 212.686.0114 · newyork@whafh.com
No Document Title Filing Date