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Case Status:    DISMISSED    
On or around 11/03/2003 (Date of order of final judgment)

Filing Date: September 12, 2002

On October 24, 2003, the Court entered the Order signed by U.S. District Judge Jed S. Rakoff granting the motion to dismiss the consolidated amended complaint with prejudice. On November 3, 2003, the Court entered Judgment and the case was closed.

On March 10, 2003, the Court entered the Order granting the motion for an order consolidated actions 02-CV-7340, 02-CV-8445 and 02-CV-8513. On March 25, 2003, the Court entered the Order granting the motion for appointment of class members Vincent Calicchia, John Olaiz, Massan Company, Chris Witty and Joseph Studniarz as lead plaintiffs, and further granted the motion approving proposed lead plaintiffs selection of Beatie and Osborn as lead counsel. On June 5, 2003, an Amended Complaint was filed, and the defendants responded by filing a motion to dismiss the consolidated amended complaint with prejudice.

The original complaint charges Goldman Sachs & Co. and certain of its officers and directors with issuing analyst reports regarding Allied Riser that recommended the purchase of Allied Riser common stock and which set price targets for Allied Riser common stock, without any reasonable factual basis. The complaint further alleges that, when issuing its Allied Riser analyst reports Defendants failed to disclose significant, material conflicts of interest which it had, in light of Defendants' Allied Riser reports, to obtain investment banking business for Goldman. Furthermore, in issuing Allied Riser reports, in which it recommended the purchase of Allied Riser common stock, Defendants failed to disclose material, non-public, adverse information which they possessed about Allied Riser. Throughout the Class Period, Defendants maintained a "BUY" recommendation on Allied Riser in order to obtain and support lucrative financial deals for Allied Riser.

COMPANY INFORMATION:

Sector: Financial
Industry: Investment Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ARCC
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: S.D. New York
DOCKET #: 02-CV-07340
JUDGE: Hon. John Martin
DATE FILED: 09/12/2002
CLASS PERIOD START: 11/23/1999
CLASS PERIOD END: 07/11/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. 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 ·
  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: S.D. New York
DOCKET #: 02-CV-07340
JUDGE: Hon. John Martin
DATE FILED: 06/05/2003
CLASS PERIOD START: 11/23/1999
CLASS PERIOD END: 07/11/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Beatie & Osborne LLP
    599 Lexington Avenue, 42nd Floor, Beatie & Osborne LLP, NY 10022
    212.888.9000 212.888.9664 ·
  2. Bernstein Liebhard & Lifshitz, LLP (New York)
    10 E. 40th Street, 22nd Floor, Bernstein Liebhard & Lifshitz, LLP (New York), NY 10016
    800.217.1522 · info@bernlieb.com
  3. Shepherd, Finkelman, Miller & Shah, LLC
    35 East State Street, Shepherd, Finkelman, Miller & Shah, LLC, PA 19063
    877.891.9880 · jshah@classactioncounsel.com
  4. Zimmerman, Levi & Korsinsky, LLP
    39 Broadway, Suite 1440, Zimmerman, Levi & Korsinsky, LLP, NY 10006
    212.363.7500 212.363.7171 ·
No Document Title Filing Date
No Document Title Filing Date