Aspect Medical Systems, Inc. Securities Litigation
On or around 10/06/2009 (Date of order of final judgment)
Filing Date: August 01, 2001
According to a Press Release dated Aug 2, 2001, the complaint alleges that the Prospectus was materially false and misleading because it failed to disclose, among other things, that: (i) Morgan Stanley had solicited and received excessive and undisclosed commissions from certain investors in exchange for which Morgan Stanley allocated to those investors material portions of the restricted number of Aspect Medical shares issued in connection with the Aspect Medical IPO; and (ii) Morgan Stanley had entered into agreements with customers whereby Morgan Stanley agreed to allocate Aspect Medical shares to those customers in the Aspect Medical IPO in exchange for which the customers agreed to purchase additional Aspect Medical shares in the aftermarket at pre-determined prices. As alleged in the complaint, the SEC is investigating underwriting practices in connection with several other initial public offerings.
Company & Securities Information
Defendant: Aspect Medical Systems, Inc.
Industry: Medical Equipment & Supplies
Headquarters: United States
Ticker Symbol: ASPM
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
Susan Williams, et al. v. Aspect Medical Systems, Inc., et al.
COURT: S.D. New York
DOCKET #: 01-CV-07090
JUDGE: Hon. Shira A. Scheindlin
DATE FILED: 08/01/2001
CLASS PERIOD START: 01/28/2000
CLASS PERIOD END: 12/06/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Bull & Lifshitz 18 East 41st St., Bull & Lifshitz, NY 10017 212.213.6222 212.213.9405 ·