Case Page

 

Case Status:    DISMISSED    
On or around 12/30/2004 (Other)

Filing Date: June 24, 2002

According to a press release dated December 6, 2004, Amdocs announced that the US Court of Appeals for the Eighth Circuit has affirmed per curiam the dismissal of the securities class action lawsuits that had been pending against Amdocs and certain of its directors and officers since June 2002. The three judges hearing case ruled unanimously for dismissal. The ruling was made at an early stage, before testimony was given and evidence gathered. The case had previously been dismissed with prejudice in December 2003 by the US District Court for the Eastern District of Missouri. In early December, Amdocs announced that the US District Court for the Eastern District of Missouri had dismissed with prejudice the class action suit filed against the company and some of its directors and officers. The class action suit consolidated several class action suits filed against Amdocs in St. Louis, Missouri. The suits were filed after Amdocs published two consecutive severe profit warnings prior to the publication of its financial reports for the third fiscal quarter of 2002, in which Amdocs lowered its guidance for the 2002 fiscal year (the first profit warning was published in the last week of April 2002 and the second in June 2002).

The original Complaint charges Amdocs and certain of its officers and directors with violations of federal securities laws. Among other things, plaintiff claims that defendants overstated the Company's orders backlog and misrepresented the demand for Amdocs' products and services. The complaint alleges that defendants' material omissions and the dissemination of materially false and misleading statements regarding the nature of Amdocs' revenue and business prospects caused Amdocs' stock price to become artificially inflated, inflicting damages on investors.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: Island of Guernsey

SECURITIES INFORMATION:

Ticker Symbol: DOX
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. Missouri
DOCKET #: 02-CV-00950
JUDGE: Hon. Jean C. Hamilton
DATE FILED: 06/24/2002
CLASS PERIOD START: 07/18/2000
CLASS PERIOD END: 06/20/2002
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Binkow & GoldBerg LLP
    1925 Century Park East, Suite 2100, Glancy Binkow & GoldBerg LLP, CA 90067
    310-201-9150 · info@glancylaw.com
  2. Law Offices of Marc S. Henzel (Lawrence)
    335 Central Avenue, Law Offices of Marc S. Henzel (Lawrence), NY 11559
    516.374.0707 516.295.3473 · securitiesfraud@comcast.net
  3. Milberg Weiss Bershad & Schulman LLP (Boca Raton)
    5355 Town Center Road, Suite 900, Milberg Weiss Bershad & Schulman LLP (Boca Raton), FL 33486
    561.361.5000 561.367.8400 · info@milbergweiss.com
  4. 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: E.D. Missouri
DOCKET #: 02-CV-00950
JUDGE: Hon. Jean C. Hamilton
DATE FILED: 03/24/2003
CLASS PERIOD START: 07/18/2000
CLASS PERIOD END: 06/20/2002
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Binkow & GoldBerg LLP
    1925 Century Park East, Suite 2100, Glancy Binkow & GoldBerg LLP, CA 90067
    310-201-9150 · info@glancylaw.com
  2. Milberg Weiss Bershad & Schulman LLP (Boca Raton)
    5355 Town Center Road, Suite 900, Milberg Weiss Bershad & Schulman LLP (Boca Raton), FL 33486
    561.361.5000 561.367.8400 · info@milbergweiss.com
  3. Milberg Weiss Bershad Hynes & Lerach LLP (Boca Raton)
    The Plaza, Suite 900, 5355 Town Center Road, Milberg Weiss Bershad Hynes & Lerach LLP (Boca Raton), FL 33486
    561.361.5000 ·
No Document Title Filing Date
No Document Title Filing Date