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Case Status:    DISMISSED    
On or around 03/26/2004 (Other)

Filing Date: January 11, 2001

According to the docket posted, on March 26, 2004, the Court entered the Mandate from the U.S. Court of Appeals for the Sixth Circuit. The judgment of the District Court was affirmed.

Previously, on February 20, 2001, a Notice/Stipulation of Dismissal was filed as to party Intrenet, Inc. On January 21, 2001, the Court entered the Order by Judge Sandra S. Beckwith granting the motions for appointment of lead plaintiffs and for approval of co-lead counsels. On August 17, 2001, the plaintiffs filed a Consolidated First Amended Complaint against the remaining individual defendants and adding Arthur Andersen as a defendant. On October 10, 2001, the defendants responded by filing a motion to dismiss the Amended Class Action Complaint. On February 26, 2002, the Court entered the Order granting in part and denying in part the individual defendants' motion to dismiss and granting defendant Arthur Andersen's motion to dismiss. The action proceeded on plaintiffs’ Section 20(a) claims against the two individual defendants while dismissing party Arthur Andersen. In May 2005, the plaintiffs filed a motion to certify as a class action, and the defendants filed a motion for judgment on the pleadings. On July 17, 2002, the Court entered the Memorandum and Order and Judgment granting the defendants’ motion for judgment on the pleadings and denying as moot plaintiffs’ motion to certify as a class action. The case was terminated, but the plaintiffs soon after filed a notice of appeal.

The original Complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, by issuing materially false and misleading statements to the market. On October 13, 2000, Intrenet announced that it was investigating certain accounting irregularities which could result in a restatement of the Company's 1998 financial statements, 1999 financial statements and its Form 10Qs, filed with the Securities and Exchange Commission, for the first and second quarters of 2000. The Company acknowledged that it may have overstated its net income by approximately $1.3 million and its earnings by approximately $0.09 per share in violation of Generally Accepted Accounting Principles. The Company also said that until the investigation is completed, its previously reported financial results for the affected periods should not be relied upon.

COMPANY INFORMATION:

Sector: Transportation
Industry: Trucking
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: INETE
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: S.D. Ohio
DOCKET #: 01-CV-00012
JUDGE: Hon. Sandra S. Beckwith
DATE FILED: 01/11/2001
CLASS PERIOD START: 02/09/1999
CLASS PERIOD END: 10/13/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Abraham, Fruchter & Twersky (New York, 42 Street)
    60 East 42 Street, Abraham, Fruchter & Twersky (New York, 42 Street), NY 10021
    212.687.6655 ·
  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. Bull & Lifshitz
    18 East 41st St., Bull & Lifshitz, NY 10017
    212.213.6222 212.213.9405 ·
  5. 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 ·
  6. Law Offices of Charles J. Piven, P.A.
    World Trade Center-Baltimore,401 East Pratt Suite 2525, Law Offices of Charles J. Piven, P.A., MD 21202
    410.332.0030 · pivenlaw@erols.com
  7. 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
  8. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
  9. 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
COURT: S.D. Ohio
DOCKET #: 01-CV-00012
JUDGE: Hon. Sandra S. Beckwith
DATE FILED: 08/17/2001
CLASS PERIOD START: 02/09/1999
CLASS PERIOD END: 10/13/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Abraham, Fruchter & Twersky (New York, 42 Street)
    60 East 42 Street, Abraham, Fruchter & Twersky (New York, 42 Street), NY 10021
    212.687.6655 ·
  2. Berman, DeValerio & Pease LLP
    One Liberty Square, Berman, DeValerio & Pease LLP, MA 02109
    617.542.8300 ·
  3. Law Offices of Charles J. Piven, P.A.
    World Trade Center-Baltimore,401 East Pratt Suite 2525, Law Offices of Charles J. Piven, P.A., MD 21202
    410.332.0030 · pivenlaw@erols.com
  4. 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
  5. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
  6. Strauss & Troy
    The Federal Reserve Building, 150 East Fourth Street, Strauss & Troy, OH 45202-4018
    513.621.2120 513.241.8250 · wlwoods@strauss-troy.com
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