Case Page

 

Case Status:    DISMISSED    
On or around 11/01/2013 (Notice of voluntarily dismissal)

Filing Date: September 03, 2013

According to the complaint, on or about the 31st day of July 2012, the Defendant passed a corporate resolution declaring a large special dividend on the aforesaid common stock in an amount of $6.50 per share payable to common shareholders of record and further passed a resolution for a regular dividend of $0.09 on August 13, 2012. The Plaintiffs' shares were owned on August 13, 2012, but they did not receive the aforesaid dividends by reason of the negligence of the Defendant alleged hereinafter.

Thereafter, the Defendant was further and additionally negligent, grossly negligent, wanton and reckless when for its own advantage and that of its executives it continued with the aforesaid resolution changed the resolutions applicable dates in an improper, unusual confusing manner, and further and additionally, failed to timely or properly advise shareholders of the aforesaid changes, published the changes when it knew or should have known widespread misleading market confusion would be and was caused, thereby damaging shareholders and buyers, like the Plaintiffs, who would and did sell or buy stock; placed its own interests and the interests of its executives over the interests of the shareholders and further failed to directly notify shareholders and the public clearly and properly, and it did so without any clear directions or provisions or any proper clear notice of the dates on which a seller had to retain the stock to obtain the dividends, and thereby caused widespread market confusion, loss to the Plaintiffs and other holders of their stock to whom they owed a fiduciary duty not so act in their own interest to cover their error by these means.

On November 1, 2013, a Stipulated Notice of Voluntary Dismissal pursuant to Rule 41(a)(1)(A)(ii) of the Federal Rules of Civil Procedure was filed by the parties.

COMPANY INFORMATION:

Sector: Services
Industry: Business Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: BAH
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. New York
DOCKET #: 13-CV-01080
JUDGE: Hon. Glenn T. Suddaby
DATE FILED: 09/03/2013
CLASS PERIOD START: 07/31/2012
CLASS PERIOD END: 08/05/2013
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Carroll & Carroll Lawyers, P.C.
    440 South Warren Street, Carroll & Carroll Lawyers, P.C., NY 13202
    315-474-5356 ·
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