Case Page

 

Case Status:    SETTLED
On or around 12/20/2002 (Date of order of final judgment)

Filing Date: May 19, 2000

This case has settled. The Final Settlement Order was entered on December 20, 2002.

According to a Press Release dated June 2, 2000, the Complaint charge the Company and its Chief Executive Officer with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. During the Class Period, defendants made repeated false and misleading statements regarding the successful sales of it Internet based Electronic Housecall System ("EHC"), causing the stock to reach a Class Period high of over $37.00 per share. In May, 2000, it was
revealed that the United States Food and Drug Administration was
investigating Cyber-Care for violating federal rules prohibiting the sale and restricting the marketing of non-FDA approved products. In addition, many of the "customer" defendants represented as entering into contracts for the purchase of EHC units did not have anywhere near the financial stability to enter into the multi-million dollar contracts. It was also disclosed that an analyst who issued a "Strong Buy" rating for the Company and issued a price target of $52.00 per share was in fact employed by Cyber-Care's own publicity company. In response, the Company's stock has fallen below $5.00 per share.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Healthcare Facilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CYBR
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: S.D. Florida
DOCKET #: 00-CV-8404
JUDGE: Hon. Kenneth L. Ryskamp
DATE FILED: 05/19/2000
CLASS PERIOD START: 11/04/1999
CLASS PERIOD END: 05/12/2000
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. 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 ·
  3. Donovan Miller, L.L.C.
    1608 Walnut Street, Suite 1400, Donovan Miller, L.L.C., PA 19103
    212732.6020 · dmlaw@erols.com
  4. Keller Rohrback LLP (Seattle)
    1201 Third Avenue, Suite 3200, Keller Rohrback LLP (Seattle), WA 98101-3052
    800.776.6044 206.623.3384 · investor@kellerrohrback.com
  5. 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
  6. Rabin & Peckel LLP
    275 Madison Avenue, 34th Floor, Rabin & Peckel LLP, NY 10016
    212.682.1818 212.682.1892 · email@rabinlaw.com
  7. Spector Roseman & Kodroff (San Diego)
    1818 Market Street, Suite 2500, Spector Roseman & Kodroff (San Diego), PA 19103
    215.496.0300 215.496.6611 ·
  8. Wampler, Buchanan & Breen, P.A.
    777 Brickell Ave., Suite 900 , Wampler, Buchanan & Breen, P.A., FL 33131
    305.577.0044 ·
  9. Wechsler Harwood LLP
    488 Madison Avenue 8th Floor, Wechsler Harwood LLP, NY 10022
    212.935.7400 · info@whhf.com
  10. Weinstein, Kitchenoff, Scarlato & Goldman
    1608 Walnut Street, Suite 1400, Weinstein, Kitchenoff, Scarlato & Goldman, PA 19103
    215.545.7200 215.545.6535 · info@wksg.com
  11. 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
  12. Wolf Popper, LLP
    845 Third Avenue, Wolf Popper, LLP, NY 10022-6689
    877.370.7703 212.486.2093 · IRRep@wolfpopper.com
No Document Title Filing Date
COURT: S.D. Florida
DOCKET #: 00-CV-8404
JUDGE: Hon. Kenneth L. Ryskamp
DATE FILED: 01/26/2001
CLASS PERIOD START: 11/04/1999
CLASS PERIOD END: 05/12/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Beatie & Osborne LLP
    599 Lexington Avenue, 42nd Floor, Beatie & Osborne LLP, NY 10022
    212.888.9000 212.888.9664 ·
  2. Berger & Montague PC
    1622 Locust Street, Berger & Montague PC, PA 19103
    800.424.6690 215.875.4604 · investorprotect@bm.net
  3. Cohen Milstein Hausfeld & Toll PLLC (Seattle WA)
    701 Fifth Avenue, Suite 6860, Cohen Milstein Hausfeld & Toll PLLC (Seattle WA), WA 98014
    206.521.0080 206.521.0166 · lawinfo@cmht.com
  4. Farrow, Bramson & Plutzik
    2125 Oak Grove Rd., Suite 120, Farrow, Bramson & Plutzik, CA 94598
    925-945-0200 · fbbp@hotcoco.infi.net
  5. Geller Rudman, PLLC.
    197 South Federal Highway, Suite 200, Geller Rudman, PLLC., FL 33432
    561.750.3000 888.262.3131 · info@geller-rudman.com
  6. Milberg Weiss Bershad Hynes & Lerach LLP (Boca Raton)
    The Plaza, Suite 900, 5355 Town Center Road, Milberg Weiss Bershad Hynes & Lerach LLP (Boca Raton), FL 33486
    561.361.5000 ·
  7. Murray, Frank & Sailer LLP
    275 Madison Ave 34th Flr, Murray, Frank & Sailer LLP, NY 10016
    212.682.1818 212.682.1892 · email@murrayfrank.com
  8. Vianale & Vianale LLP (former Boca Raton)
    The Plaza - Suite 801, 5355 Town Center Road., Vianale & Vianale LLP (former Boca Raton), FL 33486
    561.391.4900 561.368.9274 · info@vianalelaw.com
  9. Wampler, Buchanan & Breen, P.A.
    777 Brickell Ave., Suite 900 , Wampler, Buchanan & Breen, P.A., FL 33131
    305.577.0044 ·
  10. Weinstein, Kitchenoff, Scarlato & Goldman
    1608 Walnut Street, Suite 1400, Weinstein, Kitchenoff, Scarlato & Goldman, PA 19103
    215.545.7200 215.545.6535 · info@wksg.com
No Document Title Filing Date