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Case Status:    SETTLED
On or around 05/19/2003 (Date of order of final judgment)

Filing Date: November 05, 1999

According to the docket posted, on May 19, 2003, the Court entered the Order and Final Judgment signed by U.S. District Judge Mark L. Wolf. Lead plaintiffs’ counsel was awarded fees in the amount of $2,160,559, and $57,343 in reimbursement of expenses.

By the Notice of Pendency of Class Action, a Settlement Fund consisting of $7,850,000 in cash, plus interest, has been established. A hearing will be held before the Honorable Mark L. Wolf in the United States Courthouse, One Courthouse Way, Boston, Massachusetts 02210, at 3:00 p.m., on March 19, 2003 to determine whether a proposed settlement of the action as set forth in the Stipulation and Agreement of Settlement dated October 7, 2002, is fair, reasonable and adequate and to consider the proposed Plan of Allocation for the Settlement proceeds and the application of Plaintiffs’ Counsel for attorneys’ fees and reimbursement of expenses.

Earlier, on August 17, 2000, the Court entered the Memorandum and Order granting the motion to consolidated the cases under In re Carematrix Corp. Securities Corp. Securities Litigation, C.A. 99-12318-MLW. Plaintiffs' joint motion for appointment of lead plaintiffs and lead counsel was allowed to the extent that plaintiffs David Bailey and John B. Crook were designated the lead plaintiffs and the law firm of Berman, DeValerio & Pease LLP was designated lead counsel. On April 20, 3001, CareMatrix Corporation filed a suggestion of bankruptcy and the case was stayed and closed. On October 10, 2002, a Proposed Stipulation and Agreement of Settlement and a Consolidated Class Action Amended Complaint were filed.

The original Complaint charges that CareMatrix and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Specifically, the Complaint alleges that defendants issued materially misleading statements in Securities Exchange Commission filings and press releases about the Company's business, finances, and prospects, and failed to disclose material information throughout the Class Period.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Healthcare Facilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CMDC
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. Massachusetts
DOCKET #: 99-CV-12318
JUDGE: Hon. Mark L. Wolf
DATE FILED: 11/05/1999
CLASS PERIOD START: 10/29/1998
CLASS PERIOD END: 10/07/1999
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. 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
  3. 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
  4. Faruqi & Faruqi LLP (New York) (former)
    320 East 39th Street, Faruqi & Faruqi LLP (New York) (former), NY 10016
    212.983.9330 212.983.9331 · Nfaruqi@faruqilaw.com
  5. Lockridge, Grindal, Nauen P.L.L.P.
    Suite 301, 660 Pennsylvania Avenue Southeast, Lockridge, Grindal, Nauen P.L.L.P., DC 20003-4335
    202.544.9840 202.544.9850 ·
  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. Moulton & Gans LLP
    133 Federal Street, Moulton & Gans LLP, MA 2110
    617.369.7979 ·
  8. Scott & Scott LLC (Connecticut)
    P.O. Box 192, 108 Norwich Avenue, Scott & Scott LLC (Connecticut), CT 06415
    860.537.5537 860.537.4432 · scottlaw@scott-scott.com
  9. Shapiro Haber & Urmy LLP (Boston)
    75 State Street, Shapiro Haber & Urmy LLP (Boston), MA 02109
    617.439.3939 617.439.0134 · info@shulaw.com
  10. 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
  11. Wechsler Harwood LLP
    488 Madison Avenue 8th Floor, Wechsler Harwood LLP, NY 10022
    212.935.7400 · info@whhf.com
  12. 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
  13. 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: D. Massachusetts
DOCKET #: 99-CV-12318
JUDGE: Hon. Mark L. Wolf
DATE FILED: 10/10/2002
CLASS PERIOD START: 10/29/1998
CLASS PERIOD END: 10/07/1999
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
No Document Title Filing Date