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Case Status:    DISMISSED    
On or around 07/18/2007 (Date of order of final judgment)

Filing Date: May 12, 2006

On July 18, 2007, Judge Orinda D. Evans granted the defendants' motion to dismiss the complaint with prejudice. Plaintiffs filed an appeal in the Eleventh Circuit Court of Appeals. On November 10, 2008, the Court entered the October 8th Judgment from the U.S. Court of Appeals for the Eleventh Circuit. According to the Judgment, the decision of the district court is affirmed.

On September 26, 2006, the Court entered the Order granting in part a motion for appointment of lead plaintiff and lead counsel. According to the Order, only Bucks County Retirement Board is preliminarily appointed as Lead Plaintiff. Schriffrin & Barroway LLP is appointed as Lead Counsel and Chitwood Harley Haynes LLP is appointed as Local Counsel. On October 11, 2006, the defendants filed a motion to dismiss. On November 13, 2006, the plaintiff filed an Amended Complaint. After the filing of the amended complaint, defendants entered a motion to dismiss on December 13, 2006.

The original complaint alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by the making of materially false and misleading statements concerning Home Depot's operations and financial condition which caused Home Depot's securities to trade at artificially inflated prices during the Class Period. The Complaint also alleges that throughout the Class Period, the Company deceived vendors and falsified Home Depot's financial results through fraudulent return-to-vendor ("RTV") policies. More specifically, it alleges that the defendants (a) coerced Home Depot employees to fraudulently inflate Company charges to vendors to cover the cost of defective and/or damaged merchandise; and (b) pressured suppliers who complained about excessive chargebacks by threatening to reduce orders of their products.

COMPANY INFORMATION:

Sector: Services
Industry: Retail (Home Improvement)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: HD
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: N.D. Georgia
DOCKET #: 06-CV-01151
JUDGE: Hon. J. Owen Forrester
DATE FILED: 05/12/2006
CLASS PERIOD START: 05/29/2001
CLASS PERIOD END: 02/22/2005
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Page Perry LLC
    1040 Crown Pointe Parkway; Suite 1050, Page Perry LLC, GA 30338
    877.673.0047 877.673.0047 · attorneys@pageperry.com
  2. Weiss & Lurie (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Lurie (New York, NY), NY 10126
    212.682.3025 212.682.3010 · info@wyca.com
No Document Title Filing Date
COURT: N.D. Georgia
DOCKET #: 06-CV-01151
JUDGE: Hon. J. Owen Forrester
DATE FILED: 11/13/2006
CLASS PERIOD START: 05/29/2001
CLASS PERIOD END: 02/22/2005
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
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