Processing your request

please wait...

Case Page


Case Status:    DISMISSED    
On or around 09/10/2002 (Other)

Filing Date: August 20, 2002

According to the docket, on September 9, 2002, the Court entered the Notice and Order of Voluntary Dismissal signed by U.S. District Judge Martin J. Jenkins. The case is dismissed without prejudice and without costs to any party.

This class action is pursuant to rules 23(a) and (b)(3) of the Federal Rules of Civil Procedure, on behalf of plaintiff and all other purchasers of Cygnus stock during the Class Period. On July 16, 2002, the Company received Staff Determination from the Nasdaq national market system that Cygnus' stock was subject to delisting for failing to maintain a minimum bid price of $3.00 for 30 consecutive days. The Company did not disclose the Nasdaq delisting notification until August 6, 2002, yet during the Class Period, defendants issued press releases containing other material information about the Company and its performance. None of the Company's announcements during the Class Period contained any indication concerning the delisting notice.


Sector: Healthcare
Industry: Medical Equipment & Supplies
Headquarters: United States


Ticker Symbol: CYGN
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: N.D. California
DOCKET #: 02-CV-4017
JUDGE: Hon. Martin J. Jenkins
DATE FILED: 08/20/2002
CLASS PERIOD END: 08/14/2002
  1. Abbey Gardy, LLP (New York)
  2. Green & Jigarjian LLP
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available