Case Page

 

Case Status:    DISMISSED    
On or around 01/30/2007 (Date of order of final judgment)

Filing Date: May 27, 2005

The original complaint charges that United American Healthcare and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities and Exchange Act by failing to disclose the Company's improper business and financial relationship with a legislator having oversight of UAHC's Healthplan. According to the complaint, this relationship was in violation of the Company's contract with Tennessee and has caused the State of Tennessee to place UAHC's Healthplan under administrative supervision. The complaint alleges that as a result, investors could not understand or accurately assess the extent to which UAHC's ongoing operations, reported revenue, and income were dependent upon the improper political payments scheme.

Two similar lawsuits were filed against the Company and certain of its present and past officers in the United States District Court for the Eastern District of Michigan. On March 17, 2006, the court consolidated both cases for all purposes, collectively called "In re United American Healthcare Corporation Securities Litigation," Master
File No. 2:2005cv72112(LPZ/RSW) and appointed lead plaintiffs and lead counsel and liaison counsel for the proposed class in the consolidated action. The Company and the other defendants have filed motions to dismiss the plaintiffs' consolidated complaint. On January 30, 2007, the Court entered the Opinion and Order granting the Defendants’ motion to dismiss the Consolidated Amended Complaint. Judgment was entered that day dismissing the case, but the Plaintiff filed a Notice of Appeal on March 1, 2007. The appeal is currently pending in the U.S. Court of Appeals for the Sixth Circuit.

On June 2, 2008, the District Court entered the Judgment from the U.S. Court of Appeals for the Sixth Circuit. According to the Judgment, the district court's order
granting Defendants' motion, under Federal Rule of Civil Procedure 12(b)(6), to dismiss Plaintiffs' complaint is affirmed.

COMPANY INFORMATION:

Sector: Financial
Industry: Insurance (Accident & Health)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: UAHC
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: E.D. Michigan
DOCKET #: 05-CV-72112
JUDGE: Hon. Lawrence Zatkoff
DATE FILED: 05/27/2005
CLASS PERIOD START: 05/26/2000
CLASS PERIOD END: 04/22/2004
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Baron & Budd, P.C. (Dallas)
    3102 Oak Lawn Avenue, Suite 1100, Baron & Budd, P.C. (Dallas), TX 75219
    800-946-9646 · info@baronbudd.com
  2. Dyer & Shuman, LLP
    801 East 17th Avenue, Dyer & Shuman, LLP, CO 80218-1417
    303.861.3003 800.711.6483 · info@dyershuman.com
  3. 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
  4. Schatz & Nobel, P.C.
    330 Main Street, Schatz & Nobel, P.C., CT 06106
    800.797.5499 860.493.6290 · sn06106@AOL.com
  5. The Rosen Law Firm P.A. (Former New York Address)
    232 Madison Avenue, Suite 906, The Rosen Law Firm P.A. (Former New York Address), NY 10016
    212.686.1060 212.202.3827 · info@rosenlegal.com
No Document Title Filing Date
COURT: E.D. Michigan
DOCKET #: 05-CV-72112
JUDGE: Hon. Lawrence Zatkoff
DATE FILED: 05/04/2006
CLASS PERIOD START: 05/26/2000
CLASS PERIOD END: 04/22/2005
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm, P.A. (New York)
    350 Fifth Avenue, Suite 5508, The Rosen Law Firm, P.A. (New York), NY 10118
    212.686.1060 212.202.3827 · lrosen@rosenlegal.com
No Document Title Filing Date
No Document Title Filing Date