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Case Status:    DISMISSED    
On or around 07/14/2003 (Other)

Filing Date: October 06, 2000

According to the docket posted, on July 14, 2003, the Court entered the certified copy of the Judgment from the Fifth Circuit Court of Appeals. The Judgment of the District Court was affirmed. Further, the plaintiffs-appellants were ordered to pay to defendants-appellees the costs on appeal.

Previously, on March 21, 2002, the Court entered the Memorandum and Order granting the defendants’ motion to dismiss the complaint for failure to state a claim. The Court further entered the Final Judgment dismissing the case with prejudice as to all defendants except Enron Corporation. Enron Corporation was dismissed without prejudice. On June 7, 2002, the Court entered the Order denying plaintiffs’ motion to alter or amend the judgment, and the plaintiffs filed a notice of appeal.

The complaint charges defendants with violations of the Securities Act of 1933 and the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint alleges that the registration statement and prospectus issued in connection with the IPO and the Company's press releases and public statements contained materially false and misleading information regarding Azurix's financial condition and prospects. Specifically, the complaint charges that defendants misrepresented and failed to disclose that several large water supply and wastewater privatization projects that Azurix's near term revenues were dependent on were postponed or cancelled at the time of the IPO. The dissemination of this materially misleading information caused Azurix's common stock to be artificially inflated throughout the Class Period.

COMPANY INFORMATION:

Sector: Utilities
Industry: Water Utilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AZX
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. Texas
DOCKET #: 00-CV-03493
JUDGE: Hon. Nancy F. Atlas
DATE FILED: 10/06/2000
CLASS PERIOD START: 06/09/1999
CLASS PERIOD END: 08/08/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. 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 ·
  2. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
  3. Wechsler Harwood LLP
    488 Madison Avenue 8th Floor, Wechsler Harwood LLP, NY 10022
    212.935.7400 · info@whhf.com
No Document Title Filing Date
COURT: S.D. Texas
DOCKET #: 00-CV-03493
JUDGE: Hon. Nancy F. Atlas
DATE FILED: 04/27/2001
CLASS PERIOD START: 06/09/1999
CLASS PERIOD END: 08/08/2000
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. Hoeffner, Bilek & Eidman
    440 Louisiana, suite 720, Hoeffner, Bilek & Eidman, TX 77002-1634
    713.227.7720 ·
  3. Wechsler Harwood LLP
    488 Madison Avenue 8th Floor, Wechsler Harwood LLP, NY 10022
    212.935.7400 · info@whhf.com
  4. Wechsler, Harwood, Halebian & Feffer, LLP
    488 Madison Avenue, Wechsler, Harwood, Halebian & Feffer, LLP, NY
    212.935.7400 10022 ·
No Document Title Filing Date