On or around 05/03/2002 (Date of order of final judgment)
Filing Date: March 05, 2001
According to the docket, on May 3, 2002, the Court entered the Order by Chief Judge James M. Rosenbaum granting the defendants' motion to dismiss the consolidated amended class action complaint. The case is closed.
The original complaint charges defendants with violations of federal securities laws. Specifically, plaintiff claims that defendants immediately became aware that a new enterprise computer system was a complete failure, resulting in massive problems with every aspect of the company's business, including order taking, order processing, shipping and billing. Defendants however, concealed the full extent of the widespread pervasive failure of the system until accounts receivable spiraled out of control and the company was forced to take significant accounting charges and place a high level of orders on hold to correct the situation.
Company & Securities Information
Defendant: Department 56, Inc.
Sector: Consumer Non-Cyclical
Industry: Personal & Household Products
Headquarters: United States
Ticker Symbol: DFS
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.
First Identified Complaint
Elfriede Glancy, et al. v. Department 56, Inc., et al.
COURT: D. Minnesota
DOCKET #: 01-CV-00401
JUDGE: Hon. James M. Rosenbaum
DATE FILED: 03/05/2001
CLASS PERIOD START: 02/24/1999
CLASS PERIOD END: 04/26/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Lionel Z. Glancy 1801 Avenue of the Stars Suite 308, Lionel Z. Glancy, CA 90067 310.201.9150 ·
Mantese, Miller and Mantese, P.L.L.C. 1301 W. Long Lake, Suite 135, Mantese, Miller and Mantese, P.L.L.C., MI 48098 248.267.1200 ·