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Case Status:    SETTLED
On or around 03/10/2005 (Date of order of final judgment)

Filing Date: December 03, 1999

According to the docket, on June 4, 2003, the Court entered the Judgment/Mandate from the Fifth Circuit Court of Appeals affirming in part and reversing in part the judgment of the District Court. The case was remanded to the District Court for further proceedings and the case reopened. On December 9, 2004, a Stipulation of Settlement was filed and later preliminarily approved. On March 9, 2005, the Court entered the Orders signed by U.S. District Judge Terry R. Means approving the Plan of Allocation of settlement proceeds and awarding attorneys’ fees and reimbursement of expenses. The next day, the Court entered the Final Judgment and Order of Dismissal. The settlement of $4,800,000 was approved and the case closed.

As reported by the Company’s FORM 10-Q for the quarterly period ended June 30, 2002, three similar class action lawsuits were filed and have been consolidated, lead plaintiffs and counsel have been appointed, and the consolidation action has been transferred to the Fort Worth Division. The Company, together with the other defendants, filed a motion to dismiss. In March 2001, the Court granted the Company's motion to dismiss. As a result, an order was entered dismissing the case without prejudice and giving the plaintiffs leave to amend their lawsuit. In June 2001, this suit was refiled. This matter was dismissed with prejudice and without the right to re-plead in April 2002. The Plaintiffs have appealed the matter to the United States Court of Appeals for the Fifth Circuit.

The original complaint charges INSpire and certain of its officers and directors and its parent company with violations of the Securities Exchange Act of 1934. The complaint alleges that INSpire made false and misleading statements, issued false financial results and continually announced new contracts, representing that the new contracts would provide significant “recurring” revenue when, in fact, the contracts were generally contingent on the profitability of its customers. As a result, INSpire’s stock traded at inflated levels during the Class Period.

COMPANY INFORMATION:

Sector: Financial
Industry: Insurance (Miscellaneous)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: NSPR
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: N.D. Texas
DOCKET #: 99-CV-00243
JUDGE: Hon. Jerry Buchmeyer
DATE FILED: 12/03/1999
CLASS PERIOD START: 01/28/1998
CLASS PERIOD END: 10/14/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berman DeValerio Pease Tabacco Burt & Pucillo (MA)
    One Liberty Square, Berman DeValerio Pease Tabacco Burt & Pucillo (MA), MA 2109
    617.542.8300 617.230.0903 · info@bermanesq.com
No Document Title Filing Date
COURT: N.D. Texas
DOCKET #: 00-CV-00355
JUDGE: Hon. Jerry Buchmeyer
DATE FILED: 05/16/2001
CLASS PERIOD START: 01/28/1998
CLASS PERIOD END: 10/14/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Barrack, Rodos & Bacine (San Diego - former)
    402 West Broadway , Barrack, Rodos & Bacine (San Diego - former), CA 92101
    619.230.0800 619.230.1874 · info@barrack.com
  2. Berman, DeValerio & Pease LLP
    One Liberty Square, Berman, DeValerio & Pease LLP, MA 02109
    617.542.8300 ·
  3. Cauley Geller Bowman & Coates (Boca Raton, FL)
    2255 Glades Road Suite 421A, Cauley Geller Bowman & Coates (Boca Raton, FL), FL 33431
    561.750.3000 ·
  4. Claxton & Hill
    3131 McKinney Ave., Suite 700 LB 103, Claxton & Hill, TX 75204-2471
    214.969.9099 ·
  5. Law Offices of Bruce G. Murphy
    265 Llwyds Lane, Law Offices of Bruce G. Murphy, FL 32963
    561.231.4202 ·
  6. Lerach Coughlin Stoia Geller Rudman & Robbins LLP (San Diego)
    655 West Broadway, Suite 1900, Lerach Coughlin Stoia Geller Rudman & Robbins LLP (San Diego), CA 92101
    619.231.1058 619.231.7423 ·
  7. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
  8. Stanley, Mandel & Iola LLP (Dallas)
    3100 Monticello Avenue, Suite 750 , Stanley, Mandel & Iola LLP (Dallas), TX 75205
    214.443.4300 ·
No Document Title Filing Date
No Document Title Filing Date