Case Page

 

Case Status:    DISMISSED    
On or around 10/01/2004 (Date of order of final judgment)

Filing Date: June 02, 2003

According to a press release dated January 27, 2005, Presstek, Inc. today announced that the plaintiffs in the purported securities class action lawsuit brought against the company, its former Chief Executive Officer, and its former Chief Financial Officer, have withdrawn their appeal of the U.S. District Court's recent dismissal of the suit. The lawsuit was allegedly brought on behalf of purchasers of Presstek's common stock during the period from December 10, 1999 through July 16, 2001, and was filed in June 2003 in the United States District Court for the District of New Hampshire. In October 2004, in a 47-page decision granting Presstek's motion to dismiss, Judge Steven McAuliffe of the U.S. District Court, found that each of the claims brought by the plaintiffs failed to allege a claim on which the Court could grant relief and the case was dismissed. Today, the plaintiffs formally withdrew their appeal of this matter.

The original complaint alleges, among other things, that the company inadequately described its arbitration proceeding with Heidelberger Druckmaschinen, A.G., which began in December 1999 and was settled in July 2001, and challenges the timing of the company's disclosure of certain warranty expenses associated with its Dimension series of computer-to-plate products.

COMPANY INFORMATION:

Sector: Capital Goods
Industry: Misc. Capital Goods
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: PRST
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: D. New Hampshire
DOCKET #: 03-CV-00240
JUDGE: Hon. James R. Muirhead
DATE FILED: 06/02/2003
CLASS PERIOD START: 12/10/1999
CLASS PERIOD END: 07/16/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Binkow & GoldBerg LLP
    1925 Century Park East, Suite 2100, Glancy Binkow & GoldBerg LLP, CA 90067
    310-201-9150 · info@glancylaw.com
No Document Title Filing Date
COURT: D. New Hampshire
DOCKET #: 03-CV-00240
JUDGE: Hon. James R. Muirhead
DATE FILED: 12/15/2003
CLASS PERIOD START: 12/10/1999
CLASS PERIOD END: 07/16/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Binkow & GoldBerg LLP
    1925 Century Park East, Suite 2100, Glancy Binkow & GoldBerg LLP, CA 90067
    310-201-9150 · info@glancylaw.com
  2. Glancy Binkow & Goldberg LLP (Los Angeles)
    1801 Ave. of the Stars, Suite 311, Glancy Binkow & Goldberg LLP (Los Angeles), CA 90067
    310.201.915 310. 201-916 · info@glancylaw.com
  3. Plante & Hanley PC
    82 Fogg Farm Rd. ; PO Box 368 , Plante & Hanley PC, VT 05001-0368
    802.295.3151 ·
No Document Title Filing Date