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Case Status:    DISMISSED    
On or around 02/21/2003 (Other)

Filing Date: July 19, 2000

According to the latest docket posted, on February 21, 2003, the Court entered the Mandate from the Second Circuit Court of Appeals. According to the Mandate, the judgment of the District Court was affirmed in accordance with the opinion of the Second Circuit Court of Appeals.

On January 28, 2002, the Court entered the Memorandum and Order signed by U.S. District Judge Lawrence M. McKenna granting the defendants’ motions to dismiss the Corrected Consolidated Amended Class Action Compliant. According to the Order, defendants’ Motion to dismiss are granted on the ground that plaintiffs' claims pursuant to the federal securities laws are untimely, the complaint having been filed after the expiration of the applicable statutory limitations period. Having so determined, this Court does not address defendants’ other arguments in support of their Motions to dismiss. The Corrected Consolidated Class Action Complaint is dismissed. Judgment was entered and the case was closed. On February 5, 2002, the plaintiffs filed a notice of appeal.

As summarized by the Company’s FORM 10-K for the fiscal year ended December 31, 2000, in July 2000, the Company was served with a purported securities class action complaint. Subsequently, six nearly identical complaints were filed. The complaints allege that the Company and certain of its officers and directors violated certain securities laws by making false and misleading statements about the Company's business and prospects during the period from August 5, 1997 to April 14, 2000. The actions are purportedly brought on behalf of all persons who purchased the Company's stock during that period. The plaintiffs' damages are not specified. In November 2000, the Court granted the Plaintiffs' motion to consolidate these actions and for appointment of lead plaintiffs and lead plaintiffs' counsel. On February 5, 2001, plaintiffs filed a Corrected Consolidated Amended Class Action Complaint.

The original Complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market between August 5, 1997 and April 14, 2000, thereby artificially inflating the price of Frontier common stock. For example, as alleged in the complaint, on December 4, 1997, Frontier announced that it expected to boost the scope of its medical malpractice business through the acquisition of Western Indemnity Insurance Company. In fact, as revealed on April 14, 2000, the increase in the Company's medical malpractice business resulted from the Company's relaxation of underwriting standards, loosening of policy terms and predatory pricing - not simply by its acquisition of Western's medical malpractice business. On April 14, 2000, the Company announced a revision of its previously reported 1999 results causing its stock to close at $1 per share, a decline of more than 97% from the class period high of $38.6875 per share.

COMPANY INFORMATION:

Sector: Financial
Industry: Insurance (Prop. & Casualty)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: FTR
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. New York
DOCKET #: 00-CV-5361
JUDGE: Hon. Barrington D. Parker, Jr.
DATE FILED: 07/19/2000
CLASS PERIOD START: 08/05/1997
CLASS PERIOD END: 04/14/2000
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. 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. 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 ·
  4. 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
  5. 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
  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. Rabin & Peckel LLP
    275 Madison Avenue, 34th Floor, Rabin & Peckel LLP, NY 10016
    212.682.1818 212.682.1892 · email@rabinlaw.com
  8. 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. New York
DOCKET #: 00-CV-5361
JUDGE: Hon. Barrington D. Parker, Jr.
DATE FILED: 02/05/2001
CLASS PERIOD START: 08/05/1997
CLASS PERIOD END: 04/14/2000
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. Cauley & Geller (Boca Raton)
    2255 Glades Road, #421A, Cauley & Geller (Boca Raton), FL 33431
    561.750.3000 ·
  3. Kirby McInerney & Squire LLP
    830 Third Avenue 10th Floor, Kirby McInerney & Squire LLP, NY 10022
    212.317.2300 ·
  4. 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 ·
  5. Miller Faucher Cafferty & Wexler, LLP
    101 North Main Street - Suite 570, Miller Faucher Cafferty & Wexler, LLP, MI 48104
    734.769.2144 ·
  6. Murray, Frank & Sailer LLP
    275 Madison Ave 34th Flr, Murray, Frank & Sailer LLP, NY 10016
    212.682.1818 212.682.1892 · email@murrayfrank.com
No Document Title Filing Date
No Document Title Filing Date