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Case Status:    SETTLED
On or around 10/02/2006 (Date of order of final judgment)

Filing Date: October 11, 2002

On May 19, 2006, the Court entered the Order preliminarily approving the settlement and scheduling a final settlement hearing for September 29, 2006. On the day of the settlement hearing, the Court approved the proposed class action settlement in the amount of $9,125,000, the plan of allocation and request for an award of attorneys' fees and reimbursement of expenses. On October 2, 2006, the Court entered the Final Judgment and Order of Dismissal, signed by U.S. District Judge Gerard E. Lynch, settling the action

On January 31, 2003, the Court entered the Order signed by U.S. District Judge Barbara S. Jones consolidating several actions into In re Salomon Analyst XO Litigation, 02-CV-8114 (BSJ). On October 15, 2003, an Amended Complaint was filed by lead plaintiffs, the Schutt Group. On December 23, 2003, the defendants filed a motion to dismiss the Amended Complaint with prejudice. On January 25, 2005, the defendants filed a renewed motion to dismiss the Amended Complaint. On August 22, 2005, the Court entered the Order withdrawing the defendants’ motion to dismiss, without prejudice to its reinstatement if the settlement is for any reason not consummated.

The original complaint charges the defendants with violations of the Securities Exchange Act of 1934. The complaint alleges that defendants issued false and misleading statements which artificially inflated the stock. This action seeks to recover damages on behalf of defrauded investors who purchased XO securities.

COMPANY INFORMATION:

Sector: Services
Industry: Communications Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: XOXO
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-8114
JUDGE: Hon. Barbara S. Jones
DATE FILED: 10/11/2002
CLASS PERIOD START: 10/11/1997
CLASS PERIOD END: 11/01/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kaplan Fox & Kilsheimer, LLP (former New York, NY)
    805 Third Avenue, 22nd Floor, Kaplan Fox & Kilsheimer, LLP (former New York, NY), NY 10022
    212.687.1980 212.687.7714 · info@kaplanfox.com
  2. Lovell Stewart Halebian LLP (former New York)
    500 Fifth Avenue, Lovell Stewart Halebian LLP (former New York), NY 10110
    212.608.1900 212.719.4677 · info@lshllp.com
  3. Rabin & Peckel LLP
    275 Madison Avenue, 34th Floor, Rabin & Peckel LLP, NY 10016
    212.682.1818 212.682.1892 · email@rabinlaw.com
  4. Weiss & Yourman (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Yourman (New York, NY), NY 10126
    212.682.3025 212.682.3010 · info@wyca.com
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 02-CV-8114
JUDGE: Hon. Barbara S. Jones
DATE FILED: 10/15/2003
CLASS PERIOD START: 10/11/1997
CLASS PERIOD END: 11/01/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Abbey Gardy, LLP (New York)
    212 East 39th Street, Abbey Gardy, LLP (New York), NY 10016
    212.889.3700 · info@abbeygardy.com
  2. Abbey Spanier Rodd Abrams & Paradis, LLP (New York)
    212 East 39th Street, Abbey Spanier Rodd Abrams & Paradis, LLP (New York), NY 10016
    212-889-3700 212-684-519 · info@abbeyspanier.com
  3. Cohen, Milstein, Hausfeld & Toll, P.L.L.C. (New York, NY)
    825 Third Avenue - 30th Floor, Cohen, Milstein, Hausfeld & Toll, P.L.L.C. (New York, NY), NY 10022
    212.838.7797 212.838.7745 · lawinfo@cmht.com
  4. Green & Jigarjian LLP
    235 Pine Street, 15th Floor, Green & Jigarjian LLP, CA 94104
    415.477.6700 415.477.6710 ·
  5. Green Welling LLP (San Francisco,)
    595 Market Street, Suite 2750, Green Welling LLP (San Francisco,), CA 94105
    415.477.6700 415.477-6710 · gw@classcounsel.com
  6. Rabin, Murray & Frank LLP
    275 Madison Avenue, Rabin, Murray & Frank LLP, NY 10016
    212-682-1818 · info@rabinlaw.com
No Document Title Filing Date