Case Page

 

Case Status:    SETTLED
On or around 11/05/2003 (Date of order of final judgment)

Filing Date: March 08, 2000

According to the docket, the Court entered the Order and Final Judgment by U.S. District Judge Anita B. Brody on November 5, 2003.

In a Press Release dated July 14, 2003, a settlement for $7,000,000 has been proposed. A hearing will be held before the Honorable Anita B. Brody in the United States Courthouse, 601 Market Street, Philadelphia, Pennsylvania 19106, at 9:30 a.m., on September 12, 2003 to determine whether the proposed settlement should be approved by the Court as fair, reasonable, and adequate, and to consider the application of Plaintiffs' Lead Counsel for attorneys' fees and reimbursement of expenses out of the Settlement Fund, including expenses of the Lead Plaintiffs.

The original Complaint charges Corel and its CEO with violations of the federal securities laws and regulations promulgated thereunder. The complaint alleges that, during the Class Period, the defendants issued a series of false and misleading statements concerning the Corel's fourth quarter 1999 results. Specifically, Corel misled the market concerning the fact that it had sustained large losses. Upon the announcement that results for the fourth quarter of 1999 would be significantly below estimates, Corel's stock price plunged 28% on extraordinarily heavy trading volume.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: Canada

SECURITIES INFORMATION:

Ticker Symbol: CORL
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 #: 00-CV-01257
JUDGE: Hon. Anita B. Brody
DATE FILED: 03/08/2000
CLASS PERIOD START: 12/07/1999
CLASS PERIOD END: 12/21/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Law Offices of Charles J. Piven, P.A.
    World Trade Center-Baltimore,401 East Pratt Suite 2525, Law Offices of Charles J. Piven, P.A., MD 21202
    410.332.0030 · pivenlaw@erols.com
  2. Lawrence E. Feldman and Associates
    101 Greenwood Avenue, Suite 230 , Lawrence E. Feldman and Associates, PA 19046
    215.885.3302 215.885.3303 · leflaw@leflaw.com
  3. 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
COURT: E.D. Pennsylvania
DOCKET #: 00-CV-01257
JUDGE: Hon. Anita B. Brody
DATE FILED: 08/14/2000
CLASS PERIOD START: 12/07/1999
CLASS PERIOD END: 03/20/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berger & Montague PC
    1622 Locust Street, Berger & Montague PC, PA 19103
    800.424.6690 215.875.4604 · investorprotect@bm.net
  2. Berman DeValerio Pease & Tabacco PC
    One Liberty Square, Berman DeValerio Pease & Tabacco PC, MA 02109
    617.542.8300 ·
  3. Bernard M. Gross
    1500 Walnut Street, Suite 600, Bernard M. Gross, PA 19102
    215.561.3600 215.561.3000 · bmgross@BernardMGross.com
  4. Donovan Miller, L.L.C.
    1608 Walnut Street, Suite 1400, Donovan Miller, L.L.C., PA 19103
    212732.6020 · dmlaw@erols.com
  5. James Orman
    1600 Market Street, Suite 1416 , James Orman, PA 19103
    215.523.7800 ·
  6. Jay S. Cohen

    ·
  7. Law Offices of Bruce G. Murphy
    265 Llwyds Lane, Law Offices of Bruce G. Murphy, FL 32963
    561.231.4202 ·
  8. Lawrence E. Feldman and Associates
    101 Greenwood Avenue, Suite 230 , Lawrence E. Feldman and Associates, PA 19046
    215.885.3302 215.885.3303 · leflaw@leflaw.com
  9. Lockridge, Grindal, Nauen P.L.L.P.
    Suite 301, 660 Pennsylvania Avenue Southeast, Lockridge, Grindal, Nauen P.L.L.P., DC 20003-4335
    202.544.9840 202.544.9850 ·
  10. Savett Frutkin Podell & Ryan, P.C.

    800.993.3233 · sfprpc@op.net
  11. Spector Roseman & Kodroff (San Diego)
    1818 Market Street, Suite 2500, Spector Roseman & Kodroff (San Diego), PA 19103
    215.496.0300 215.496.6611 ·
  12. Weinstein, Kitchenoff, Scarlato & Goldman
    1608 Walnut Street, Suite 1400, Weinstein, Kitchenoff, Scarlato & Goldman, PA 19103
    215.545.7200 215.545.6535 · info@wksg.com
  13. 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
No Document Title Filing Date