Case Page

 

Case Status:    DISMISSED    
On or around 12/13/1999 (Other)

Filing Date: October 27, 1998

According to the Company’s FORM 10-K, on October 27, 1998, plaintiff Thomas P. Nyquist filed a class action complaint against the Company and certain of its officers and directors in the United States District Court for the Central District of California (the Nyquist Action). The action was purportedly filed on behalf of a class of purchasers of the Company’s common stock during the period April16, 1998 through October 7, 1998. On July 22, 1999, defendant filed a motion to dismiss the complaint in its entirety. On August 19, 1999, the court ordered a stay of the action and removed defendants' motion to dismiss from the Court's hearing calendar in light of the pending petition for rehearing and rehearing enbanc in Silicon Graphics Sec. Litig., Nos. 97-16204, 97-16240, 1999 U.S. App LEXIS 14955 (9th Cir. July 2, 1999). On December 13, 1999, the court entered a Stipulation to Dismiss Entire Action Without Prejudice.

The original Complaint charges that defendants, FileNET and certain of its officers and directors, violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5) by, among other things: issuing false and misleading statements regarding strong sales of FileNet's existing Panagon products and the strong continuing growth of the document management market.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: FILE
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: C.D. California
DOCKET #: 98-CV-00922
JUDGE: Hon. Linda H. McLaughlin
DATE FILED: 10/27/1998
CLASS PERIOD START: 04/16/1998
CLASS PERIOD END: 10/07/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Stull, Stull & Brody (Los Angeles)
    10940 Wilshire Boulevard - Suite 2300, Stull, Stull & Brody (Los Angeles), CA 90024
    310.209.2468 ·
  2. Weiss & Yourman (Los Angeles, CA)
    10940 Wilshire Blvd - 24th Floor, Weiss & Yourman (Los Angeles, CA), CA 90024
    310.208.2800 310.209.2348 · info@wyca.com
No Document Title Filing Date
COURT: C.D. California
DOCKET #: 98-CV-00922
JUDGE: Hon. Linda H. McLaughlin
DATE FILED: 05/27/1999
CLASS PERIOD START: 04/16/1998
CLASS PERIOD END: 10/07/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Stull, Stull & Brody (Los Angeles)
    10940 Wilshire Boulevard - Suite 2300, Stull, Stull & Brody (Los Angeles), CA 90024
    310.209.2468 ·
  2. Weiss & Yourman (Los Angeles, CA)
    10940 Wilshire Blvd - 24th Floor, Weiss & Yourman (Los Angeles, CA), CA 90024
    310.208.2800 310.209.2348 · info@wyca.com
  3. Yourman Alexander & Parekh LLP
    3601 Aviation Blvd., Suite 3000, Yourman Alexander & Parekh LLP, CA 90266
    310.725.6400 310.725.6420 ·
No Document Title Filing Date