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Case Status:    SETTLED
On or around 04/03/2001 (Date of order of final judgment)

Filing Date: March 13, 2000

According to a press release dated November 6, 2004, the company settled a class action securities litigation in 2001, pending against it and three of its former officers and directors. The settlement amount was for $6 million and fully and finally settled the claims of all parties named in the consolidated actions.

The original complaint charges that the Company and certain of its officers and directors violated the federal securities laws by providing materially false and misleading information about the Company's financial results. As a result of these false and misleading statements the Company's stock traded at artificially inflated prices during the class period, trading as high as $18- 5/8 in February 2000. On March 6, 2000, FLIR admitted that its fourth quarter 1999 results would be much lower than previously forecast due to "accounting errors." At the same time, the Company announced the resignation of its Chief Financial Officer. On these shocking disclosures, the price of the stock dropped significantly, to as low as $9 per share.

COMPANY INFORMATION:

Sector: Capital Goods
Industry: Aerospace & Defense
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: FLIR
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: D. Oregon
DOCKET #: 00-CV-00360
JUDGE: Hon. Ancer L. Haggerty
DATE FILED: 03/13/2000
CLASS PERIOD START: 04/22/1999
CLASS PERIOD END: 03/03/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cauley Geller, Bowman Coates & Rudman, LLP (Boca Raton, FL)
    One Boca Place. 2255 Glades Road, Suite 421A, Cauley Geller, Bowman Coates & Rudman, LLP (Boca Raton, FL), FL 33431
    561.750.3000 561.750.3364 ·
  2. 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
  3. Spector Roseman & Kodroff (San Diego)
    1818 Market Street, Suite 2500, Spector Roseman & Kodroff (San Diego), PA 19103
    215.496.0300 215.496.6611 ·
No Document Title Filing Date
COURT: D. Oregon
DOCKET #: 00-CV-00360
JUDGE: Hon. Ancer L. Haggerty
DATE FILED: 03/31/2000
CLASS PERIOD START: 04/22/1999
CLASS PERIOD END: 03/03/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Liebhard & Lifshitz, LLP (New York)
    10 E. 40th Street, 22nd Floor, Bernstein Liebhard & Lifshitz, LLP (New York), NY 10016
    800.217.1522 · info@bernlieb.com
  2. 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
  3. Stoll, Stoll, Berne, Lokting & Schlachter
    209 South West Oak Street, Stoll, Stoll, Berne, Lokting & Schlachter, OR 97204
    503.227.1600 503.227.6840 · info@ssbls.com
No Document Title Filing Date
No Document Title Filing Date