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Case Status:    SETTLED
On or around 01/13/2004 (Date of order of final judgment)

Filing Date: June 09, 2000

According to the docket, on January 13, 2004, the Court entered the Order and Final Judgment signed by U.S. District Judge Paul V. Gadola. The settlement was approved and the case closed.

In a press release dated October 3, 2003, pursuant to an order of the United States District Court for the Eastern District of Michigan Southern Division,this case has been certified as a class action for the purposes of settlement only and that a settlement for $1,500,000 has been proposed. A hearing will be held before the Honorable Paul V. Gadola in the United States Courthouse to determine whether the proposed settlement should be approved by the Court as fair, reasonable, and adequate, and to consider the application of Plaintiffs' Counsel for attorneys' fees and reimbursement of expenses.

On September 1, 2000, the Court entered the Order consolidating the cases and appointing lead plaintiff and lead and liaison counsel. On November 14, 2000, the plaintiff filed a Consolidated Class Action Amended Complaint, and on February 27, 2001, the defendants responded with a motion to dismiss the complaint. On September 26, 2001, the Court entered the Memorandum, Opinion and Order granting the defendants’ motion to dismiss the complaint, and on December 11, 2001, the Court further denied the plaintiff’s motion for clarification or alternatively for reconsideration of the order. The plaintiff filed an appeal, and on August 12, 2003, the Court entered the order from the U.S. Court of Appeals remanding the action back to the District Court for further proceedings. A Stipulation and Agreement of Settlement was later filed.

The original complaint charges Federal-Mogul and its Chief Executive Officer with violations of federal securities laws. Among other things, plaintiff claims that defendants' material omissions and the dissemination of materially false and misleading statements regarding the nature of acquisition integration, revenue and earnings, artificially inflated Federal-Mogul's stock price to a Class Period high of $64.875 per share. Federal-Mogul common stock fell to a low of $9.4375 per share, inflicting enormous damages on investors.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Auto & Truck Parts
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: FMO
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: E.D. Michigan
DOCKET #: 00-CV-40222
JUDGE: Hon. Paul V. Gadola
DATE FILED: 06/09/2000
CLASS PERIOD START: 10/22/1998
CLASS PERIOD END: 05/25/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cauley, Geller, Bowman, Coates & Rudman LLP (San Diego, CA)
    225 Broadway, Suite 1900, Cauley, Geller, Bowman, Coates & Rudman LLP (San Diego, CA), CA 92010
    619.702.7350 619.702.7351 ·
  2. Dennis J. Johnson
    1690 Williston Road, Dennis J. Johnson, VT 5402
    888.459.7855 · LODJJ@aol.com
  3. 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
  4. Law Offices of Leo W. Desmond
    2161 Palm Beach Lakes Blvd., Suite 204, Law Offices of Leo W. Desmond, FL 33409
    888.337.6663 · Info@SecuritiesAttorney.com
  5. Mantese, Miller and Mantese, P.L.L.C.
    1301 W. Long Lake, Suite 135, Mantese, Miller and Mantese, P.L.L.C., MI 48098
    248.267.1200 ·
  6. 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
  7. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  8. Spector Roseman & Kodroff (San Diego)
    1818 Market Street, Suite 2500, Spector Roseman & Kodroff (San Diego), PA 19103
    215.496.0300 215.496.6611 ·
  9. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
  10. 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. Michigan
DOCKET #: 00-CV-40222
JUDGE: Hon. Paul V. Gadola
DATE FILED: 11/14/2000
CLASS PERIOD START: 10/22/1998
CLASS PERIOD END: 05/25/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Lionel Z. Glancy
    1801 Avenue of the Stars Suite 308, Lionel Z. Glancy, CA 90067
    310.201.9150 ·
  2. Mantese, Miller and Mantese, P.L.L.C.
    1301 W. Long Lake, Suite 135, Mantese, Miller and Mantese, P.L.L.C., MI 48098
    248.267.1200 ·
  3. Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)
    One Pennsylvania Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY), NY 10119-1065
    212.594.5300 ·
  4. Miller Shea, P.C.
    1301 W Long Lake Rd, Ste 135, Miller Shea, P.C., MI 48098
    248.267.8200 248.267.8200 · info@millershea.com
  5. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
  6. 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
No Document Title Filing Date
No Document Title Filing Date