On or around 04/07/2006 (Date of order of final judgment)
Filing Date: June 25, 2003
According to the docket posted, on April 7, 2006, the Court entered the Orders signed by U.S. District Judge Donetta W. Ambrose awarding attorneys’ fees and reimbursement of expenses and approving the plan of allocation. That day, the Court also entered the Final Judgment and Order of Dismissal with Prejudice.
Earlier, on June 29, 2005, the Court entered the Order by Judge Donetta W. Ambrose that having been advised by counsel, the action has been settled. The Clerk is ordered to mark the case closed and nothing in the order shall be considered a dismissal or disposition of the action. On December 22, 2005, the Court entered the Order granting the motion for preliminarily approving the class action settlement.
The original complaint alleges that defendants violated Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 by issuing a materially false and misleading Registration Statement and Prospectus (the "Prospectus") in connection with Printcafe's initial public offering ("IPO"). The complaint alleges that the Registration Statement and Prospectus were materially false and misleading because statements made therein failed to disclose and misrepresented the following adverse facts, among others: (a) that demand for the Company's products and services was declining to the extent that the Company was not performing in line with its internal expectations; (b) that the Company's product development efforts were experiencing difficulties; and (c) that the Company's declining financial performance would require it to engage in a material restructuring of its operations in order to generate cost savings and reverse that negative trend. At the time of the filing of the complaint, the price of Printcafe common stock was $2.57 per share.
Company & Securities Information
Defendant: Printcafe Software, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: PCAF
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.
First Identified Complaint
Citiline Holdings, Inc., et al. v. Printcafe Software, Inc., et al.