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Case Status:    SETTLED
On or around 04/08/2003 (Date of order of final judgment)

Filing Date: February 14, 2001

According to the docket, after the Court entered the Final Judgment and Order approving the settlement and dismissing the claims, the plaintiffs filed a Notice of Appeal. On March 26, 2004, the Third Circuit Court of Appeals affirmed the US District Court’s Order, and on January 20, 2005, the Court entered the Order of Distribution of the Settlement Fund.

On August 20, 2001 and Defendants responded on December 27, 2001 with a Motion to Dismiss the Amended Complaint. Prior to a ruling on Defendants' Motion to Dismiss, the parties agreed to settle the action and entered into a Stipulation of Settlement on November 15, 2002. The terms of the proposed settlement create a Settlement Fund for the benefit of the Class in the amount of $10,000,000 in cash and will include interest that accrues on the fund prior to distribution. On December 11, 2002, Judge Joseph Greenaway, Jr. issued an order granting Preliminary Approval of the proposed settlement and certified the following class: All persons who purchased or otherwise acquired Nice ADSs during the period from November 3, 1999 to February 7, 2001, inclusive, other than Defendants. A hearing, to determine whether the proposed settlement is fair, reasonable and adequate, was held on March 31, 2003 and continued on April 7, 2003. On April 8, 2003, the Court entered an Order of Final Judgment approving the settlement.

The original federal class-action lawsuit charges defendants with securities fraud. The complaint accuses Nice System and two of its top officers of inflating the Company’s stock price by issuing false and misleading financial statements for its 1999 financial statements and the first three quarters of 2000. On February 8, 2001, Nice Systems announced that it would restate its financial statements for its 1999 fiscal year and the first three quarters of 2000 because of improper accounting.

COMPANY INFORMATION:

Sector: Technology
Industry: Electronic Instruments & Controls
Headquarters: Israel

SECURITIES INFORMATION:

Ticker Symbol: NICE
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 #: 01-CV-00737
JUDGE: Hon. Joseph A. Greenaway, Jr.
DATE FILED: 02/14/2001
CLASS PERIOD START: 02/16/2000
CLASS PERIOD END: 02/08/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berger & Montague PC
    1622 Locust Street, Berger & Montague PC, PA 19103
    800.424.6690 215.875.4604 · investorprotect@bm.net
  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. Kaplan Fox & Kilsheimer, LLP (Morristown, NJ)
    237 South Street, Kaplan Fox & Kilsheimer, LLP (Morristown, NJ), NJ 07962
    973.656.0222 973.401.1114 · info@kaplanfox.com
  4. Kaplan Fox & Kilsheimer, LLP (former New York, NY)
    805 Third Avenue, 22nd Floor, Kaplan Fox & Kilsheimer, LLP (former New York, NY), NY 10022
    212.687.1980 212.687.7714 · info@kaplanfox.com
No Document Title Filing Date
COURT: D. New Jersey
DOCKET #: 01-CV-00737
JUDGE: Hon. Joseph A. Greenaway, Jr.
DATE FILED: 08/20/2001
CLASS PERIOD START: 11/03/1999
CLASS PERIOD END: 02/07/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kantrowitz, Goldhamer & Graifman
    747 Chestnut Ridge Road, Kantrowitz, Goldhamer & Graifman, NY 10977
    845.356.2570. 845.356.4335 ·
  2. Kaplan Fox & Kilsheimer, LLP (Morristown, NJ)
    237 South Street, Kaplan Fox & Kilsheimer, LLP (Morristown, NJ), NJ 07962
    973.656.0222 973.401.1114 · info@kaplanfox.com
  3. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
  4. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
No Document Title Filing Date
No Document Title Filing Date