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Case Status:    DISMISSED    
On or around 11/21/2005 (Date of order of final judgment)

Filing Date: January 10, 2003

According to the docket posted, on September 28, 2004, the Court entered the Order signed by U.S. District Judge David C. Godbey granting the defendants’ motion to dismiss the Plaintiffs' claims partially with prejudice and partially without prejudice. Plaintiffs had 30 days within the date of the Order to file an amended complaint. Instead, on March 4, 2004, the Plaintiffs filed a notice of appeal in the Fifth Circuit Court of Appeals which was later dismissed with prejudice, pursuant to the stipulation of the parties. On November 21, 2005, the Court entered the Final Judgment Nunc Pro Tunc signed by Judge Godbey. According to the Final Judgment, the Court expressly enters this final judgment nunc pro tunc retroactive to February 24, 2005, the date when the Court's judgment became final by operation of law. The Court orders that Plaintiffs take nothing by their suit. Each party shall bear their own costs.

The original complaint charges Hotels.com and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Hotels.com is an online consolidator of hotel accommodations, contracting with hotels in advance for volume purchases and guaranteed availability of hotel rooms at wholesale prices which are then sold to customers. On October 10, 2002, USA Interactive announced that it was ending its ongoing process to acquire all of the shares of Hotels.com that it did not own. Hotels.com then claimed that its prospects were "excellent" and days later, on October 23, 2002, the Company projected phenomenal growth for its Q4, including Q4 02 revenue of $283-$289 million and cash earnings per share of $0.46 to $0.47. These projections, on top of the Company's October 10, 2002 announcement, sent the Company's shares soaring to above $60 per share, eventually hitting a Class Period high
of $75 on December 2, 2002. Then on January 6, 2003, with more than $42
million of insider trading proceeds, the defendants announced that the
Company would fall materially short of hitting its forecasted projections. On this news, the Company's shares dropped to $44 from $59, a market cap loss of more than $855 million.

COMPANY INFORMATION:

Sector: Services
Industry: Business Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ROOM
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. Texas
DOCKET #: 03-CV-00069
JUDGE: Hon. David C. Godbey
DATE FILED: 01/10/2003
CLASS PERIOD START: 10/23/2002
CLASS PERIOD END: 01/06/2003
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bull & Lifshitz
    18 East 41st St., Bull & Lifshitz, NY 10017
    212.213.6222 212.213.9405 ·
  2. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
  3. Provost & Umphrey Law Firm, LLP (Dallas )
    3232 McKinney Avenue, Suite 700, Provost & Umphrey Law Firm, LLP (Dallas ), TX 75204
    214.744.3000 214.744.3015 · info@provostumphrey.com
  4. Scott & Scott LLC (Connecticut)
    P.O. Box 192, 108 Norwich Avenue, Scott & Scott LLC (Connecticut), CT 06415
    860.537.5537 860.537.4432 · scottlaw@scott-scott.com
No Document Title Filing Date
COURT: N.D. Texas
DOCKET #: 03-CV-00069
JUDGE: Hon. David C. Godbey
DATE FILED: 08/18/2003
CLASS PERIOD START: 10/23/2002
CLASS PERIOD END: 01/06/2003
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. 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
  2. Brodsky & Smith, LLC (former Pennysylvania)
    11 Bala Avenue, Suite 39, Brodsky & Smith, LLC (former Pennysylvania), PA 19004
    610.668.7987 610.660.0450 · esmith@Brodsky-Smith.com
  3. Bull & Lifshitz
    18 East 41st St., Bull & Lifshitz, NY 10017
    212.213.6222 212.213.9405 ·
  4. 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 ·
  5. Law Offices of Brian M. Felgoise, P.C.
    Esquire at 261 Old York Road, Suite 423, Law Offices of Brian M. Felgoise, P.C., PA 19046
    215.886.1900 · securitiesfraud@comcast.net
  6. Lerach Coughlin Stoia Geller Rudman & Robbins LLP (San Diego)
    655 West Broadway, Suite 1900, Lerach Coughlin Stoia Geller Rudman & Robbins LLP (San Diego), CA 92101
    619.231.1058 619.231.7423 ·
  7. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
  8. Provost & Umphrey Law Firm, LLP (Dallas )
    3232 McKinney Avenue, Suite 700, Provost & Umphrey Law Firm, LLP (Dallas ), TX 75204
    214.744.3000 214.744.3015 · info@provostumphrey.com
  9. Reinhardt, Wendorf & Blanchfield Attorneys at Law
    E-1000 First National Bank Building, 332 Minnesota Street, Reinhardt, Wendorf & Blanchfield Attorneys at Law, MN 55101
    800.465.1592 651.297.6543 · info@ralawfirm.com
  10. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  11. Scott & Scott LLC (Connecticut)
    P.O. Box 192, 108 Norwich Avenue, Scott & Scott LLC (Connecticut), CT 06415
    860.537.5537 860.537.4432 · scottlaw@scott-scott.com
  12. Susman, Godfrey LLP (Dallas)
    4100 Bank of America, 901 Main Street, Susman, Godfrey LLP (Dallas), TX 75202
    214.754.1908 · mevans@susangodfrey.com
No Document Title Filing Date