Case Page

 

Case Status:    DISMISSED    
On or around 09/13/2004 (Other)

Filing Date: March 01, 2002

According to the Company’s FORM 10-Q for the quarterly period ended September 30, 2004, the lawsuit was dismissed on December 19, 2002 for failure to state a claim upon which relief could be granted. The plaintiffs appealed to the United States Court of Appeals for the Fifth Circuit. On July 26, 2004, the Court of Appeals for the Fifth Circuit dismissed the case. On August 6, 2004, the plaintiffs appealed to the Court of Appeals for the Fifth Circuit for a re-hearing, but on August 25, 2004 the re-hearing was denied. A mandate was issued on September 2, 2004 closing the case.

The original Complaint alleges that the defendants violated Sections 11 and 15 of the Securities Act of 1933 by making false and misleading representations in the June 7, 2001 Registration Statement and Prospectus (the Prospectus) prepared and disseminated by defendants in connection with the IPO. Plaintiff alleges, among other things, that the Prospectus contained material misrepresentations concerning the prices of natural gas and oil in the period preceding the IPO, as well as the effect of those prices upon the Company's business and the demand for the Company's services.

COMPANY INFORMATION:

Sector: Energy
Industry: Oil Well Services & Equipment
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: TORC
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: E.D. Louisiana
DOCKET #: 02-CV-00582
JUDGE: Hon. Martin L.C. Feldman
DATE FILED: 03/01/2002
CLASS PERIOD START: 06/07/2001
CLASS PERIOD END: 08/01/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. LeBlanc & Waddell, LLC
    201 St. Charles Avenue, Suite 3204, LeBlanc & Waddell, LLC, LA 70170
    504.523.9900 504.522.9300 ·
  2. Schatz & Nobel, P.C.
    330 Main Street, Schatz & Nobel, P.C., CT 06106
    800.797.5499 860.493.6290 · sn06106@AOL.com
No Document Title Filing Date
COURT: E.D. Louisiana
DOCKET #: 02-CV-00582
JUDGE: Hon. Martin L.C. Feldman
DATE FILED: 06/12/2002
CLASS PERIOD START: 06/07/2001
CLASS PERIOD END: 08/01/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. LeBlanc & Waddell, LLC
    201 St. Charles Avenue, Suite 3204, LeBlanc & Waddell, LLC, LA 70170
    504.523.9900 504.522.9300 ·
  2. Schatz & Nobel, P.C.
    330 Main Street, Schatz & Nobel, P.C., CT 06106
    800.797.5499 860.493.6290 · sn06106@AOL.com
No Document Title Filing Date