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Case Status:    DISMISSED    
On or around 03/07/2002 (Date of order of final judgment)

Filing Date: November 07, 2000

According to the Company’s FORM 10-K For The Fiscal Year Ended December 31, 2001, on March 5, 2002 upon the Company's motion, Judge Katherine Hayden of the United States District Court, District of New Jersey, ordered the dismissal with prejudice of this consolidated class action.

The original class action complaint alleges that the Defendants violated Section 10(b) of the Exchange Act and Rule10b-5 promulgated thereunder by the of the Securities and Exchange Commission by, inter alia, making material misrepresentations concerning the Company’s financial conditions. As alleged in the class action complaint, on October 4, 2000, Knight revealed its financial problems to the public. The Company could not maintain a 20% to 30% earnings growth rate for the third quarter 2000. Knight issued a press release on October 4, 2000 stating that it would post third quarter profits as much as 58% below Wall Street forecasts because of a weak stock market and the cost of building up its European operations. Also, during the class period, the individual defendants sold in excess of $50 million of Nite stock.

COMPANY INFORMATION:

Sector: Financial
Industry: Investment Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: NITE
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. New Jersey
DOCKET #: 00-CV-05506
JUDGE: Magistrate Judge Ronald J. Hedges
DATE FILED: 11/07/2000
CLASS PERIOD START: 07/19/2000
CLASS PERIOD END: 10/04/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernard M. Gross
    1500 Walnut Street, Suite 600, Bernard M. Gross, PA 19102
    215.561.3600 215.561.3000 · bmgross@BernardMGross.com
  2. 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
COURT: D. New Jersey
DOCKET #: 00-CV-05506
JUDGE: Magistrate Judge Ronald J. Hedges
DATE FILED: 05/29/2001
CLASS PERIOD START: 07/19/2000
CLASS PERIOD END: 10/04/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Barrack Rodos & Bacine (former Haddonfield , NJ)
    14 Kings Highway West, Barrack Rodos & Bacine (former Haddonfield , NJ), NJ 08033
    856.354.070 ·
  2. 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
  3. Cohn, Lifland, Pearlman, Herrmann & Knopf
    Park 80 Plaza West-One, Cohn, Lifland, Pearlman, Herrmann & Knopf, NJ 7663
    201845.9600 · info@njlawfirm.com
  4. James V. Bashian
    500 Fifth Ave Ste 2800, James V. Bashian, NY 10110
    ·
  5. Lite DePalma Greenberg, LLC (Newark)
    Two Gateway Center - 12th Floor, Lite DePalma Greenberg, LLC (Newark), NJ 07102-5003
    973.623.3000 ·
  6. 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 ·
  7. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
No Document Title Filing Date