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Case Status:    DISMISSED    
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 INFORMATION:

Sector: Services
Industry: Communications Services
Headquarters: United States

SECURITIES INFORMATION:

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.
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:
  1. 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 ·
  2. Ackerman, Link & Sartory, P.A.
    222 Lakeview Avenue, Esperante, Suite 1330, Ackerman, Link & Sartory, P.A., FL 33401
    888.257.1529 ·
  3. Bernstein Liebhard & Lifshitz, LLP (New York)
    10 E. 40th Street, 22nd Floor, Bernstein Liebhard & Lifshitz, LLP (New York), NY 10016
    800.217.1522 · info@bernlieb.com
  4. The Rosen Law Firm, P.A. (New York)
    350 Fifth Avenue, Suite 5508, The Rosen Law Firm, P.A. (New York), NY 10118
    212.686.1060 212.202.3827 · lrosen@rosenlegal.com
No Document Title Filing Date