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Case Status:    SETTLED
On or around 03/12/2012 (Settlement preliminarily approval)

Filing Date: December 03, 2010

According to the complaint filed December 04, 2010, the Company and its officers perpetrated a scheme to illegally manipulate the price of its stock in order to prevent its removal from the American Stock Exchange. The purpose of the conspirators’ fraudulent purchases was to create the illusion of an active and liquid market in the Company’s shares, which would drive up the price, make the stock appear attractive and the company successful, and thereby induce the purchase of Company stock by the unsuspecting investors at an unknowingly inflated price, further supporting the inflated stock price.

The Ansell Group has been appointed lead plaintiff. On May 12, 2011, Judge Percy Anderson approved the Ansell Group's appointment of the Rosen Law Firm, P.A. as lead counsel. On June 23, 2011, one of the individual defendants filed a motion to dismiss the case.

According to the Minutes dated October 21, 2011, the Court has been advised by counsel that this matter has settled. The parties have ten days from the date of this order or until the next scheduled court appearance, whichever is shorter, to file with the court a dismissal of the action or to appear, in-person or telephonically with their clients, to place the settlement on the record. The parties may contact the deputy clerk of the court to calendar the appearance. If the parties do not dismiss the action or do not place the settlement on the record, the matter will remain on the Court's active trial calendar with all pretrial and trial dates in effect.

On November 1, 2011, the plaintiffs filed a motion to certify the class.

On January 17, 2012, a Stipulation and Agreement of Settlement was submitted to the Court pursuant to Rule 23 of the Federal Rules of Civil Procedure.

On March 12, 2012, an Order Preliminarily Approving Settlement and Providing for Notice was issued pursuant to Rule 23(a) and (b)(3) of the Federal Rules of Civil Procedure.


Sector: Services
Industry: Broadcasting & Cable TV
Headquarters: United States


Ticker Symbol: NLMP
Company Market: Pink Sheets
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 #: 10-CV-09292
JUDGE: Hon.Percy Anderson
DATE FILED: 12/03/2010
CLASS PERIOD END: 12/15/2008
  1. The Rosen Law Firm, P.A.
    333 South Grand Avenue, 25th Floor, The Rosen Law Firm, P.A., CA 90071
    213.785.2610 213.226-4684 ·
No Document Title Filing Date
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—Related District Court Filings Data is not available