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Case Status:    DISMISSED    
On or around 08/19/2005 (Other)

Filing Date: August 03, 2005

Cogent Communications Group, Inc. ("Cogent" or the Company) is a multinational internet service provider headquartered in the United States.

The Complaint alleges Defendants failed to publicly disclose that Cogent intended to sell shares of Cogent common stock in a secondary public offering at a materially reduced price from the stock's then-current market price. Defendants knew or recklessly disregarded that the sale of Cogent common stock at a material discount to its trading price would cause a steep decline in the market price of its shares held by Plaintiff and other class members. After Cogent announced that it would sell 10,000,000 shares of its stock at $6.00 a share, the stock price fell 29.4%.

According to a press release dated August 19, 2005, the law firm of Vianale & Vianale LLP announced that it voluntarily dismissed without prejudice its securities fraud class action Complaint against Cogent.

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