On or around 09/05/2001 (Date of order of final judgment)
Filing Date: June 05, 2001
According to the docket, on August 31, 2001, a notice of dismissal and order was signed by U.S. District Shira A. Scheindlin. The action was voluntarily dismissed without prejudice pursuant to FRCP 23(e) and 41(a). The case was closed.
The complaint alleges that certain of the executive officers and directors of PNV, together with the underwriters of the company's initial public offering misrepresented the capital and financing requirements of PNV in the prospectus distributed to investors. The complaint further alleges that the prospectus misrepresented that the proceeds of the initial public offering would be sufficient to fund PNV's rapidly expanding operations for at least eighteen months. PNV filed for bankruptcy approximately one year after the date of the initial public offering.
Company & Securities Information
Defendant: PNV Inc.
Industry: Communications Services
Headquarters: United States
Ticker Symbol: PNV
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.
First Identified Complaint
Kirby, et al. v. PNV Inc., et al.
COURT: S.D. New York
DOCKET #: 01-CV-4887
JUDGE: Hon. Shira A. Scheindlin
DATE FILED: 06/05/2001
CLASS PERIOD START: 11/24/1999
CLASS PERIOD END: 12/20/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Abrahams, Loewenstein, Bushman & Kauffman, P.C. One Liberty Place, Suite 3100, 1650 Market Street, Abrahams, Loewenstein, Bushman & Kauffman, P.C., PA 19103-73 215.561.1030 ·