Case Page

 

Case Status:    SETTLED
On or around 03/31/2003 (Date of order of final judgment)

Filing Date: March 24, 2000

According to the docket, on September 28, 2001, the Court issued an Opinion and Order granting in part and denying in part the defendant’s motion to dismiss the amended class action complaint. On January 24, 2003, the Court issued an Order granting the motion for preliminary approval of the class action settlement and a Stipulation of Settlement was also filed. On March 31, 2003, the Court entered the Final Judgment of Dismissal with Prejudice and the case was closed.

The original Complaint alleges that, during the Class Period, KTI and the three officer defendants (collectively, the "Individual Defendants") violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by, among other things, intentionally concealing material facts about KTI's fourth quarter 1998 financial and operating results and KTI's true financial and operating condition during 1998.

The complaint further alleges that at some time prior to its April 14, 1999
public announcement of the termination of the merger agreement between KTI and Casella, Casella knew or should have known KTI's financial condition was
materially worse than had been represented to the public and failed to disclose it. The Complaint further alleges that the price of KTI's shares was
artificially inflated as a result of Defendants' omissions of material fact.

COMPANY INFORMATION:

Sector: Services
Industry: Waste Management Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: KTIE
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-1478
JUDGE: Magistrate Judge Stanley R. Chesler
DATE FILED: 03/24/2000
CLASS PERIOD START: 01/01/1998
CLASS PERIOD END: 04/14/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Donovan Miller, L.L.C.
    1608 Walnut Street, Suite 1400, Donovan Miller, L.L.C., PA 19103
    212732.6020 · dmlaw@erols.com
  2. 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
  3. Rodriguez & Richards, LLC
    3 Kings Highway, Rodriguez & Richards, LLC, NJ 08033
    856.795.9002 865.795.9887 ·
No Document Title Filing Date
COURT: D. New Jersey
DOCKET #: 00-CV-1478
JUDGE: Magistrate Judge Stanley R. Chesler
DATE FILED: 11/21/2001
CLASS PERIOD START: 01/01/1998
CLASS PERIOD END: 04/14/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Caldwell Law Office, LLC
    141 Pelham Rd., Suite 300, Caldwell Law Office, LLC, PA 19119
    ·
  2. Donovan Searles, LLC
    1845 Walnut Street, Suite 1100, Donovan Searles, LLC , PA 19103
    215-732-6067 215-732-8060 · staff@donovansearles.com
  3. Trujillo, Rodriguez & Richards, LLC (Cherry Hill)
    20 Brace Road, Trujillo, Rodriguez & Richards, LLC (Cherry Hill), NJ
    ·
No Document Title Filing Date