Case Page

 

Case Status:    DISMISSED    
On or around 10/10/2000 (Date of order of final judgment)

Filing Date: September 22, 1999

According to the Company’s FORM 10-Q For The Quarterly Period Ended September 30, 2000, on October 4, 2000, the Court issued a decision granting the defendants' motion in full, and dismissing the Actions with prejudice. A judgment to that effect was entered on October 9, 2000.

As reported by the same SEC filing, on September 22, October 1, and October 12, 1999, complaints (the "Complaints") denominated as class actions (the "Actions") were filed in the United States District Court for the Southern District of New York (the "Court") against the Company, the Company's former Chairman and Chief Executive(incorrectly identified in the Complaints as the Chief Financial Officer and Senior Vice President of the Company). By order dated December 22, 1999, the Actions were consolidated for all purposes and lead plaintiffs and lead counsel were appointed. On February 28, 2000 plaintiffs filed a consolidated amended compliant. The amended complaint repeated the allegations made in the original complaints and added new allegations with respect to the timing of the reporting of certain losses experienced by Ogden, and added Ogden's Senior Vice President and Chief Financial Officer, as a defendant. There has been no discovery in the Actions. On April 28, 2000 all defendants filed a motion to dismiss the Actions, with prejudice.

The lawsuit charges Ogden and certain of its officers and directors with violations of the securities laws and regulations of the United States. The Complaint alleges that defendants issued a series of false and misleading statements concerning the Company's reorganization and its operations during the Class Period. The Complaint alleges that as a result of these materially false and misleading statements the price of Ogden stock was artificially inflated during the Class Period.

COMPANY INFORMATION:

Sector: Services
Industry: Business Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: OG
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: S.D. New York
DOCKET #: 99-CV-09938
JUDGE: Hon. John S. Martin
DATE FILED: 09/22/1999
CLASS PERIOD START: 03/11/1999
CLASS PERIOD END: 09/17/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. 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: S.D. New York
DOCKET #: 99-CV-09938
JUDGE: Hon. John S. Martin
DATE FILED: 02/28/2000
CLASS PERIOD START: 03/11/1999
CLASS PERIOD END: 09/17/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Brian Barry
    1801 Avenue of the Stars, Suite 307 , Brian Barry, CA 90067
    310.788.0831 310.788.0841 · bribarry1@yahoo.com
  2. Glancy Binkow & GoldBerg LLP
    1925 Century Park East, Suite 2100, Glancy Binkow & GoldBerg LLP, CA 90067
    310-201-9150 · info@glancylaw.com
  3. Lawrence G. Soicher
    342 Madison Avenue, 18th Floor , Lawrence G. Soicher, NY 10173
    212/883.8000 ·
  4. 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 ·
No Document Title Filing Date
No Document Title Filing Date