Net2000 Communications, Inc. Securities Litigation
On or around 10/06/2009 (Date of order of final judgment)
Filing Date: June 11, 2001
According to a Press Release dated 6/12/01, the complaint charges defendants with violations of Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934. It alleges that the March 6, 2000 Registration Statement and the Prospectus for the initial public offering of 10,000,000 shares of Net2000 common stock (the "Offering"), contained material misrepresentations and/or omissions. The complaint also alleges that defendants were responsible for the materially false and misleading statements and that the underwriters of Net2000's Offering engaged in a pattern of conduct to surreptitiously extract inflated commissions greater than those disclosed in the Offering materials.
Company & Securities Information
Defendant: Net2000 Communications, Inc.
Industry: Communications Services
Headquarters: United States
Ticker Symbol: NTKK
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.