Case Page

 

Case Status:    DISMISSED    
On or around 07/11/2005 (Other)

Filing Date: February 21, 2003

On April 15, 2004, the Court entered the Clerk’s Judgment granting the defendant’s motion and dismissing the complaint. The plaintiffs filed a notice of appeal. On July 8, 2005, the Court entered the certified copy of the Mandate from the U.S. Court of Appeals for the Second Circuit. According to the Mandate, it was Ordered, Adjudged and Decreed that the order of the District Court is affirmed.

The Complaint asserts claims for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5, against Georgeson Shareholder, Inc. ("Georgeson Shareholder"), its wholly owned subsidiaries, Georgeson Shareholder Communications, Inc. and Georgeson Shareholder Securities Corp. (collectively "Georgeson"), and AT&T Corp. ("AT&T") on behalf of all security holders who, during the period from December 2000 through the present, exchanged MediaOne Corp. ("MediaOne") shares for shares of AT&T pursuant to the June 2000 merger between AT&T and MediaOne, using Georgeson as the exchange agent.

Specifically, the complaint alleges that defendant AT&T authorized defendant Georgeson to engage in a "post-merger clean-up," pursuant to which Georgeson disseminated notices urging shareholders who had not already done so, to promptly exchange their MediaOne shares for AT&T shares. Plaintiff further alleges that Georgeson's notices misled shareholders into believing that they were required to exchange their shares through Georgeson, or else to forfeit all value of the shares, and further allege that Georgeson charged an exorbitant "processing fee" for this service, amounting to twelve percent (12%) of the value of each shareholder's stock. In fact, however, shareholders could have exchanged their shares directly through the transfer agent or other brokers at little or no cost.

The Class consists of all security holders who, during the period from December 2000 through the present, exchanged Mediaone Group, Inc. ("MediaOne") shares for shares of AT&T pursuant to the June 2000 merger between AT&T and MediaOne, using Georgeson as the exchange agent.

COMPANY INFORMATION:

Sector: Services
Industry: Communications Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: UMG
Company Market: New York SE
Market Status: Public (Delisted)

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 #: 03-CV-01163
JUDGE: Hon. Louis L. Stanton
DATE FILED: 02/21/2003
CLASS PERIOD START: 12/01/2000
CLASS PERIOD END: 02/21/2003
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. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 03-CV-01163
JUDGE: Hon. Louis L. Stanton
DATE FILED: 11/07/2003
CLASS PERIOD START: 12/01/2000
CLASS PERIOD END: 02/21/2003
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berger & Montague PC
    1622 Locust Street, Berger & Montague PC, PA 19103
    800.424.6690 215.875.4604 · investorprotect@bm.net
  2. 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
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