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Case Status:    DISMISSED    
On or around 09/16/2005 (Date of order of final judgment)

Filing Date: September 20, 2002

According to the latest docket posted, on June 1, 2005, the defendants filed a Renewed Motion for Summary Judgment and for Judgment on the Pleadings. On September 16, 2005, the Court entered the Memorandum and Order signed by the Honorable Anna Diggs Taylor granting the defendants’ motion to dismiss and granting summary judgment. The Court entered Judgment in favor of the defendants.

As previously reported by the Company’s FORM 10-K for the fiscal year ended March 31, 2005, on May 1, 2003, the cases were consolidated. The matter is now titled In re Compuware Securities Litigation. The suit was brought on behalf of purchasers of the Company's common stock from January 1, 1999 to April 3, 2002. The defendants are the Company and Peter Karmanos, Jr. The plaintiff alleges that the Company failed to disclose under the securities laws its problems with the misappropriation of its software source code by IBM. The plaintiff further alleges that the Company omitted and/or disseminated materially false and misleading statements concerning its deteriorating relationship with IBM. The plaintiff requests that the court award them monetary damages and expenses of litigation, including reasonable attorneys fees. The Company strongly disagrees with the allegations and is vigorously defending against the lawsuit. On August 27, 2004, plaintiffs moved to certify a class. In January 2005, the Court ruled in the Company's favor by denying plaintiff's motion for class certification. The Company believes that the risk of loss resulting from these claims by the plaintiff is remote. The lawsuit is currently in the discovery phase.

Two class-action lawsuits were filed against the company alleging that it failed to disclose certain information, according to Compuware's quarterly report filed with the Securities and Exchange Commission. The suits were filed on Sept. 20 and Oct. 10 on behalf of purchasers of the company's common stock from Jan. 1, 1999, to April 3, 2002. The plaintiffs in both cases allege that the company failed to disclose under the securities laws its problems with the misappropriation of its software source code by International Business Machines Corp. (IBM). The plaintiffs further allege that the company made material omissions and the dissemination of materially false and misleading statements about its "deteriorating relationship with IBM," according to the filing. The plaintiffs are seeking money damages and expenses of litigation, including reasonable attorney fees.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CPWR
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. Michigan
DOCKET #: 02-CV-73793
JUDGE: Hon. Anna Diggs Taylor
DATE FILED: 09/20/2002
CLASS PERIOD START: 01/01/1999
CLASS PERIOD END: 04/03/2002
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cauley Geller, Bowman Coates & Rudman, LLP (Boca Raton, FL)
    One Boca Place. 2255 Glades Road, Suite 421A, Cauley Geller, Bowman Coates & Rudman, LLP (Boca Raton, FL), FL 33431
    561.750.3000 561.750.3364 ·
  2. Glancy Binkow & GoldBerg LLP
    1925 Century Park East, Suite 2100, Glancy Binkow & GoldBerg LLP, CA 90067
    310-201-9150 · info@glancylaw.com
  3. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
No Document Title Filing Date
COURT: E.D. Michigan
DOCKET #: 02-CV-73793
JUDGE: Hon. Anna Diggs Taylor
DATE FILED: 06/02/2003
CLASS PERIOD START: 06/26/1999
CLASS PERIOD END: 04/03/2002
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cohen, Milstein, Hausfeld & Toll, P.L.L.C. (Washington, DC)
    1100 New York Avenue, N.W., Suite 500, West Tower, Cohen, Milstein, Hausfeld & Toll, P.L.L.C. (Washington, DC), DC 20005
    202.408.4600 202.408.4699 · lawinfo@cmht.com
  2. Miller Shea, P.C.
    1301 W Long Lake Rd, Ste 135, Miller Shea, P.C., MI 48098
    248.267.8200 248.267.8200 · info@millershea.com
No Document Title Filing Date