Case Page

 

Case Status:    DISMISSED    
On or around 03/27/2002 (Other)

Filing Date: June 23, 2000

According to the docket posted, on January 7, 2002, the Court entered Judgment in favor of the defendants at the plaintiffs’ costs. However, on January 24, 2002, the plaintiffs filed a notice of appeal from the December 26, 2001 Order granting the motion to dismiss the consolidated amended complaint. On March 27, 2002, the Court entered the Order from the Sixth Circuit Court of Appeals dismissing the appeal.

In a press release issue by American Electric Power in 2001, a consolidated shareholder class action suit against American Electric Power (NYSE: AEP) concerning disclosures related to an extended outage at the company´s D.C. Cook Nuclear Plant was dismissed with prejudice in an order filed Dec. 26 by U.S. District Judge James Graham. The suit, filed June 23, 2000, claimed that AEP had made misleading statements concerning the condition, length of outage and the cost of restart of the Cook plant, which artificially inflated the company´s stock price and damaged shareholders.

On September 26, 2000, the Court entered the Order consolidating the cases and appointing lead plaintiffs and lead counsel. On December 14, 2000, the Court issued an Order transferring the case from the U.S. District Court for the Eastern District of New York to the Southern District of Ohio, Eastern Division. On January 4, 2001, a Consolidated Amended Complaint was filed and the defendants responded by filing a motion to dismiss the Consolidated Amended Complaint.

The original complaint seeks damages for violations of the federal securities laws on behalf of all investors who purchased AEP common stock between July 25, 1997 and June 25, 1999 (the Class Period).
The lawsuit alleges that AEP and certain of its officers violated the federal securities laws. Specifically, the complaint charges that AEP made materially false and misleading statements regarding the impaired condition of its D.C. Cook nuclear power plant and the adverse affect that the problems had, and would have, on the company’s business and its financial results. As a result, the complaint alleges that the price of AEP common stock was artificially inflated during the Class Period.

COMPANY INFORMATION:

Sector: Utilities
Industry: Electric Utilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AEP
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: S.D. Ohio
DOCKET #: 00-CV-3744
JUDGE: Hon. I. L. Glasser
DATE FILED: 06/23/2000
CLASS PERIOD START: 07/25/1997
CLASS PERIOD END: 06/25/1999
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
  2. Brodsky & Smith, LLC (former Pennysylvania)
    11 Bala Avenue, Suite 39, Brodsky & Smith, LLC (former Pennysylvania), PA 19004
    610.668.7987 610.660.0450 · esmith@Brodsky-Smith.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. 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
  5. Rabin & Peckel LLP
    275 Madison Avenue, 34th Floor, Rabin & Peckel LLP, NY 10016
    212.682.1818 212.682.1892 · email@rabinlaw.com
  6. 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
  7. 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: S.D. Ohio
DOCKET #: 01-CV-00006
JUDGE: Hon. I. L. Glasser
DATE FILED: 01/04/2001
CLASS PERIOD START: 07/25/1997
CLASS PERIOD END: 06/25/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. 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 ·
No Document Title Filing Date
No Document Title Filing Date