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Case Status:    DISMISSED    
On or around 08/05/2005 (Date of order of final judgment)

Filing Date: March 31, 2004

According to the Company’s FORM 10-Q for the quarterly period ended September 30, 2005, on August 2, 2005, the judge's order of dismissal was entered by the court and the time for the plaintiff to appeal the judge's decision expired thirty days thereafter.

Previously, on July 22, 2005, a complaint by a plaintiff purporting to bring a proposed consolidated class action on behalf of himself and others similarly situated in the United States District Court of Connecticut entitled In re EMCOR Group, Inc. Securities Litigation against EMCOR and three of its officers.

The original complaint alleges that, during the Class Period, Defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b- 5 promulgated thereunder, by issuing a series of false and misleading statements regarding the financial condition of EMCOR and the Company's ability to earn profits in 2003. The complaint specifically alleges that, throughout the Class Period, Defendants concealed from investors that, as a result of a fundamental shift in EMCOR's business to less profitable public sector and quasi-public sector construction, as well as facilities management, the Company would not be able to meet its earnings projections for 2003 absent a significant and expeditious increase in private sector construction revenues in the form of smaller, short-term projects generating revenues of less than $250,000, which EMCOR is heavily dependent upon to earn profits, and an immediate accretion to its contract backlog in the form of larger, more profitable private sector construction projects.

The complaint further alleges that throughout the Class Period, the complaint alleges, Defendants knew that EMCOR had no reasonable expectation of obtaining such an increase in private sector business but, nevertheless, continued to assure the investing public of its ability to earn significant profits in 2003. On July 24, 2003, Defendants were forced to admit that, for the second quarter of 2003, although EMCOR had met its revenue expectations, it had performed abysmally in terms of earnings and that full- year 2003 results would fall short of expectations. In response to this news, the price of the Company's common stock fell more than 17% in value on unusually high trading volume. Nevertheless, the complaint pleads, Defendants continued to offer materially false information to the investing public regarding EMCOR's ability to earn profits in 2003 and sought to diminish the importance of its poor earnings performance by attributing that poor performance to exceptional circumstances that would not be recurring in nature.

Also, complaint alleges that on October 2, 2003, the Defendants again shocked the market by slashing its earnings guidance for 2003 by approximately 50% of the previously reduced earnings guidance provided on July 24, 2003. The market reacted swiftly to this devastating news -- with shares of EMCOR falling another 20% in value on unusually high trading volume. The complaint pleads that, in a conference call on October 3, 2003, Defendants were forced to admit that their prior earnings guidance had been predicated upon a hope for improved private sector construction spending -- even though Defendants previously had assured the market during the Class Period that their earnings guidance was not based upon any such assumptions. In sum, the complaint alleges that Defendants knowingly concealed the true financial condition of EMCOR and its ability to generate earnings from the investing public throughout the Class Period.

COMPANY INFORMATION:

Sector: Capital Goods
Industry: Constr. - Supplies & Fixtures
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: EME
Company Market: New York SE
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. Connecticut
DOCKET #: 04-CV-00531
JUDGE: Hon. Janet C. Hall
DATE FILED: 03/31/2004
CLASS PERIOD START: 04/09/2003
CLASS PERIOD END: 10/02/2003
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. 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
  2. Cauley Geller Bowman Coates & Rudman LLP (Little Rock, AR)
    P.O. Box 25438, Cauley Geller Bowman Coates & Rudman LLP (Little Rock, AR), AR 72221-5438
    501.312.8500 501.312.8505 ·
  3. Chitwood & Harley LLP
    1230 Peachtree Street, N.E., 2300 Promenade II, Chitwood & Harley LLP, GA 30309
    888.873.3999 404.873.4476 · info@chitwoodlaw.com
  4. Federman & Sherwood (Oklahoma City)
    120 North Robinson, Suite 2720, Federman & Sherwood (Oklahoma City), OK 73102
    405-235-1560 · wfederman@aol.com
  5. Landskroner - Grieco, Ltd.
    1360 West 9th St., Suite 200, Landskroner - Grieco, Ltd. , OH 44113-1904
    866.522.9500 · jack@landskronerlaw.com
  6. Law Offices of Charles J. Piven, P.A.
    World Trade Center-Baltimore,401 East Pratt Suite 2525, Law Offices of Charles J. Piven, P.A., MD 21202
    410.332.0030 · pivenlaw@erols.com
  7. Schatz & Nobel, P.C.
    330 Main Street, Schatz & Nobel, P.C., CT 06106
    800.797.5499 860.493.6290 · sn06106@AOL.com
  8. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  9. Shepherd, Finkelman, Miller & Shah, LLC
    35 East State Street, Shepherd, Finkelman, Miller & Shah, LLC, PA 19063
    877.891.9880 · jshah@classactioncounsel.com
No Document Title Filing Date
COURT: D. Connecticut
DOCKET #: 04-CV-00531
JUDGE: Hon. Janet C. Hall
DATE FILED: 07/29/2004
CLASS PERIOD START: 04/09/2003
CLASS PERIOD END: 10/02/2003
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Schatz & Nobel, P.C.
    330 Main Street, Schatz & Nobel, P.C., CT 06106
    800.797.5499 860.493.6290 · sn06106@AOL.com
  2. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  3. Shepherd, Finkelman, Miller & Shah, LLC
    35 East State Street, Shepherd, Finkelman, Miller & Shah, LLC, PA 19063
    877.891.9880 · jshah@classactioncounsel.com
No Document Title Filing Date
No Document Title Filing Date