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Case Status:    SETTLED
On or around 08/23/2004 (Date of order of final judgment)

Filing Date: October 10, 2001

According to the docket, on August 23, 2004, the Court entered the Order and Final Judgment signed by U.S. District Judge Lynn Adelman. The Court certifies the action as a class action. The Settlement is approved as fair, reasonable and adequate, and the parties are directed to consummate the Settlement in accordance with the terms and provisions of the Stipulation. The Complaint is dismissed with prejudice and without costs, except as provided in the Stipulation, as against the Defendants. Plaintiffs' counsel are awarded attorneys' fees in the amount of $1,633,317.00 and $161,374.77 in reimbursement of expenses from the Settlement Fund. This case is closed.

By the Notice of Pendency of Class Action, Hearing on Proposed Settlement and Application For Attorneys’ Fees and Right to Share in Settlement Fund, a Settlement Fund consisting of $4,900,000 plus interest, has been established. Pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Eastern District of Wisconsin (the “Court”) dated June 18, 2004, that a hearing will be held before the Honorable Lynn Adelman in the United States District Courthouse, Eastern District of Wisconsin, 517 Wisconsin Avenue, Milwaukee, WI 53202, at 11:00 a.m. in Courtroom 390, on August 20, 2004 (the “Settlement Fairness Hearing”) to determine whether the Settlement of the Action as set forth in the Stipulation and Agreement of Settlement dated May 28, 2004 (the “Stipulation”), is fair, reasonable and adequate and to consider the proposed Plan of Allocation for the Settlement proceeds and the application of Plaintiffs’ Co-Lead Counsel for attorneys’ fees and reimbursement of expenses.

The original complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market between March 9, 2000 and November 9, 2000, thereby artificially inflating the price of ShopKo securities. Throughout the Class Period, as alleged in the complaint, defendants issued statements concerning the integration of Pamida Holding Corp. ("Pamida"), Shopko's financial results and the Company's prospects. The complaint alleges that these statements were materially false and misleading because they failed to disclose, among other things, that ShopKo was experiencing significant shipping and inventory control problems at Pamida's distributions centers. On November 9, 2000, ShopKo issued a press release announcing its earnings for the third quarter of 2000 reporting a loss of ($0.23) per share - far below the $.02 to $.07 per share previously represented by the Company - and revealed that the Company was experiencing problems at Pamida's distribution centers and that those problems accounted for ShopKo's reduced earnings.

COMPANY INFORMATION:

Sector: Services
Industry: Retail (Department & Discount)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SKO
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: E.D. Wisconsin
DOCKET #: 01-CV-01034
JUDGE: Hon. John W. Reynolds
DATE FILED: 10/10/2001
CLASS PERIOD START: 03/09/2000
CLASS PERIOD END: 11/09/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berger & Montague PC
    1622 Locust Street, Berger & Montague PC, PA 19103
    800.424.6690 215.875.4604 · investorprotect@bm.net
  2. Brodsky & Smith, LLC (former Pennysylvania)
    11 Bala Avenue, Suite 39, Brodsky & Smith, LLC (former Pennysylvania), PA 19004
    610.668.7987 610.660.0450 · esmith@Brodsky-Smith.com
  3. 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 ·
  4. Faruqi & Faruqi LLP (New York) (former)
    320 East 39th Street, Faruqi & Faruqi LLP (New York) (former), NY 10016
    212.983.9330 212.983.9331 · Nfaruqi@faruqilaw.com
  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. Leo W. Desmond
    2161 Palm Beach Lakes Boulevard, Suite 204, Leo W. Desmond, FL 33409
    561.712.8000 561.712.8000 · stocklaw@bellsouth.net
  7. Levy & Levy

    ·
  8. Lowey, Dannenberg, Bemporad & Selinger, P.C.
    1 North Lexington Avenue, 11th Floor, Lowey, Dannenberg, Bemporad & Selinger, P.C., NY 10601-1714
    914.997.0500 914.997.0035 · ldbs@wesetnet.com
  9. 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 ·
  10. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
No Document Title Filing Date
COURT: E.D. Wisconsin
DOCKET #: 01-CV-01034
JUDGE: Hon. John W. Reynolds
DATE FILED: 10/27/2003
CLASS PERIOD START: 03/09/2000
CLASS PERIOD END: 11/09/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berger & Montague PC
    1622 Locust Street, Berger & Montague PC, PA 19103
    800.424.6690 215.875.4604 · investorprotect@bm.net
  2. Lowey, Dannenberg, Bemporad & Selinger, P.C.
    1 North Lexington Avenue, 11th Floor, Lowey, Dannenberg, Bemporad & Selinger, P.C., NY 10601-1714
    914.997.0500 914.997.0035 · ldbs@wesetnet.com
No Document Title Filing Date