Case Page

 

Case Status:    SETTLED
On or around 12/01/2003 (Date of order of final judgment)

Filing Date: September 25, 2000

A settlement was reached in this case on behalf of all purchasers of Lycos, Inc. common stock during the period December 7, 1999 and September 18, 2000, inclusive. According to the Stipulation and Agreement of Compromise and Settlement, dated August 5, 2003, the Gross Settlement Fund was in the amount of
$12,026,000.

The original complaint alleges that Allaire and its principals knew or recklessly disregarded that, in its attempt to capture a broad customer base, the Company had spread itself too thin and consequently, lacked the resources to develop and market its core infrastructure product, ColdFusion, while simultaneously developing a market presence for its newer products, Spectra and Jrun. It also claims that company insiders sold 407,000 shares of Allaire stock in August, at artificially inflated prices for proceeds of $13.3 million. Only after they thus cashed out a substantial portion of their investment did the Company reveal, on September 18, 2000, that they expected Allaire to post a third-quarter net loss in the range of $(0.05) to $(0.20) per share, below both analysts' third quarter consensus estimates and the previous two quarters’ results.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ALLR
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 #: 00-CV-11972
JUDGE: Hon. William G. Young
DATE FILED: 09/25/2000
CLASS PERIOD START: 07/20/2000
CLASS PERIOD END: 09/18/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Adkins & Kelston, P.C.
    90 Canal Street - 5th Floor, Adkins & Kelston, P.C., MA 2114
    617.367.1040 · info@akzlaw.com
  2. Barrack, Rodos & Bacine (San Diego - former)
    402 West Broadway , Barrack, Rodos & Bacine (San Diego - former), CA 92101
    619.230.0800 619.230.1874 · info@barrack.com
  3. Moulton & Gans LLP
    133 Federal Street, Moulton & Gans LLP, MA 2110
    617.369.7979 ·
No Document Title Filing Date
COURT: D. Massachusetts
DOCKET #: 00-CV-11972
JUDGE: Hon. William G. Young
DATE FILED: 02/20/2001
CLASS PERIOD START: 12/07/1999
CLASS PERIOD END: 09/18/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Johnson & Perkinson
    1690 Williston Road, Johnson & Perkinson, VT 05403
    802.862.0030 802.862.0060 · JPLAW@adelphia.net
  2. 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 ·
  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
No Document Title Filing Date