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Case Status:    SETTLED
On or around 01/22/2001 (Date of order of final judgment)

Filing Date: December 27, 1996

According to the Order, dated January 8, 2001, by U.S. District Judge Gary L. Taylor, the settlement of $7,350,000 is approved and the case is dismissed with prejudice. The case is closed.

In a Press Release, dated 12/27/96, a class action was filed involving a course of conduct by Access HealthNet insiders, officers and directors of the Company and the Company's auditors and United States Securities and Exchange Commission counsel that was designed to and did defraud those who purchased Access HealthNet securities during the Class Period, in violation of the federal securities laws. The Complaint alleges that defendants used manipulative devices and disseminated false financial statements and other false and misleading information about Access HealthNet's business, all of which was designed to and did: (a) artificially inflate the price of Access HealthNet securities during the Class Period; (b) induce investors to purchase shares of Access HealthNet stock; (c) allow certain defendants to sell or offer to sell millions of dollars of their own Access HealthNet shares at artificially inflated levels; and (d) allow defendants to sell or offer to sell millions of dollars of Access HealthNet securities to private investors in various private placement transactions.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AHNT
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: C.D. California
DOCKET #: 96-CV-1250
JUDGE: Hon. Gary L. Taylor
DATE FILED: 12/27/1996
CLASS PERIOD START: 01/25/1995
CLASS PERIOD END: 12/29/1995
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. 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
  2. Soltan & Associates
    660 Newport Center Driver Suite 320, Soltan & Associates, CA 92660
    949.729.3100. 949.729.1527 ·
  3. 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: C.D. California
DOCKET #: 96-CV-1250
JUDGE: Hon. Gary L. Taylor
DATE FILED: 06/23/1997
CLASS PERIOD START: 01/25/1995
CLASS PERIOD END: 12/29/1995
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. 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
No Document Title Filing Date