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Case Status:    SETTLED
On or around 01/14/2003 (Date of order of final judgment)

Filing Date: February 24, 2000

According to the docket, on June 21, 2002, the Court entered the Order administratively closing the case as the parties reached a settlement agreement in principle. On October 31, 2002, two Stipulations and Agreements of Settlement were filed by the Individual Defendants and by KPMG LLP for $14 million and $1.95 million, respectively. On January 13, 2003, a settlement conference was held. The settlements were approved and Judgments were entered on January 15, 2003, with respect to the Individual Defendants and KPMG.

On June 27, 2000, Court entered the Order by U.S. District Judge Thomas M. Shanahan transferring the case to the District of Delaware for referral to the U.S. Bankruptcy Court where the defendant’s bankruptcy case is pending. The case was terminated for statistical purposes. InaCom is no longer named
as a defendant herein due to the automatic stay provisions of the federal bankruptcy code. On December 15, 2000, a Consolidated Amended Class Action Complaint was filed. On February 28, 2002 and May 20, 2002, the Court entered the Order denying, with leave to renew upon failure of settlement, the Defendants’ motions to dismiss the Consolidated Amended Class Action Complaint

The lawsuit charges Inacom and several of its top officers and directors with violations of the securities laws and regulations of the United States. Specifically, the complaint alleges that the Company issued materially false and misleading statements regarding its ability to recognize growth and remain profitable in light of significant changes in manufacturers' distribution of computers, which defendants knew or recklessly disregarded. On January 4, 2000, the Company announced that it was selling its products business. Upon this announcement, the Company's stock price plunged approximately 25 % to $5.00 per share.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Peripherals
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ICO
Company Market: New York SE
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. Delaware
DOCKET #: 00-CV-00120
JUDGE: Hon. Thomas M. Shanahan
DATE FILED: 02/24/2000
CLASS PERIOD START: 10/20/1998
CLASS PERIOD END: 01/04/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cohen, Milstein, Hausfeld & Toll, P.L.L.C. (Washington, DC)
    1100 New York Avenue, N.W., Suite 500, West Tower, Cohen, Milstein, Hausfeld & Toll, P.L.L.C. (Washington, DC), DC 20005
    202.408.4600 202.408.4699 · lawinfo@cmht.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. Wolf Haldenstein Adler Freeman & Herz LLP (New York)
    270 Madison Avenue, Wolf Haldenstein Adler Freeman & Herz LLP (New York), NY 10016
    212.545.4600 212.686.0114 · newyork@whafh.com
No Document Title Filing Date
COURT: D. Delaware
DOCKET #: 00-CV-701
JUDGE: Hon. Thomas M. Shanahan
DATE FILED: 12/15/2000
CLASS PERIOD START: 10/09/1998
CLASS PERIOD END: 05/17/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernard M. Gross
    1500 Walnut Street, Suite 600, Bernard M. Gross, PA 19102
    215.561.3600 215.561.3000 · bmgross@BernardMGross.com
  2. Cauley Geller Bowman Coates & Rudman LLP (Little Rock, AR)
    P.O. Box 25438, Cauley Geller Bowman Coates & Rudman LLP (Little Rock, AR), AR 72221-5438
    501.312.8500 501.312.8505 ·
  3. Dyer & Shuman, LLP
    801 East 17th Avenue, Dyer & Shuman, LLP, CO 80218-1417
    303.861.3003 800.711.6483 · info@dyershuman.com
  4. Law Offices of Bruce G. Murphy
    265 Llwyds Lane, Law Offices of Bruce G. Murphy, FL 32963
    561.231.4202 ·
  5. 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
  6. Lawrence G. Soicher
    342 Madison Avenue, 18th Floor , Lawrence G. Soicher, NY 10173
    212/883.8000 ·
  7. Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)
    One Pennsylvania Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY), NY 10119-1065
    212.594.5300 ·
  8. Milberg Weiss Bershad Hynes & Lerach LLP (Seattle, WA)
    1001 Fourth Avenue - Suite 3200, Milberg Weiss Bershad Hynes & Lerach LLP (Seattle, WA), WA 98154
    206.839.0730 ·
  9. Rosenthal, Monhait, Gross & Goddess, P.A.
    Suite 1401, Mellon Bank Center, PO Box 1070, Rosenthal, Monhait, Gross & Goddess, P.A., DE 19899-0170
    302.656.4433 (302) 658-7567 ·
  10. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  11. Wolf Haldenstein Adler Freeman & Herz LLP (New York)
    270 Madison Avenue, Wolf Haldenstein Adler Freeman & Herz LLP (New York), NY 10016
    212.545.4600 212.686.0114 · newyork@whafh.com
No Document Title Filing Date