Case Page

 

Case Status:    SETTLED
On or around 05/05/2017 (Settlement preliminarily approval)

Filing Date: July 25, 2014

According to the Complaint, throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company’s operating results and financial condition were deteriorating; (2) that the Company was no longer a going concern; and (3) that, as a result of the foregoing, the Company’s positive statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.

On March 25, 2015, the Court issued an Order dismissing this case with prejudice.

On February 15, 2016, the United States Court of Appeals for the Eighth Circuit reversed in part and affirmed in part the judgment of the district court and remanded this case.

On March 17, 2017, plaintiffs and an individual defendant entered into a Stipulation of Settlement. This Settlement was preliminarily approved on May 5.

COMPANY INFORMATION:

Sector: Services
Industry: Business Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: DM
Company Market: New York SE
Market Status: OTC (Delisted)

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: D. Minnesota
DOCKET #: 14-CV-03011
JUDGE: Hon. Paul A. Magnuson
DATE FILED: 07/25/2014
CLASS PERIOD START: 08/01/2013
CLASS PERIOD END: 01/02/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Binkow & Goldberg LLP (Los Angeles)
    1801 Ave. of the Stars, Suite 311, Glancy Binkow & Goldberg LLP (Los Angeles), CA 90067
    310.201.915 310. 201-916 · info@glancylaw.com
  2. The Wagner Firm
    1925 Century Park East, Suite 2100 , The Wagner Firm, CA 90067
    310.491.7949 ·
  3. Zimmerman Reed, LLP
    1100 IDS Center, 80 South 8th Street , Zimmerman Reed, LLP, MN 55402
    612.341.0400 612.341.0844 · info@zimmreed.com
No Document Title Filing Date
COURT: D. Minnesota
DOCKET #: 14-CV-03011
JUDGE: Hon. Paul A. Magnuson
DATE FILED: 12/03/2014
CLASS PERIOD START: 08/01/2013
CLASS PERIOD END: 01/02/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Gainey McKenna & Egleston
    440 Park Avenue South, 5th Floor, Gainey McKenna & Egleston, NY 10016
    212.983.1300 212.983.0380 ·
  2. Glancy Binkow & Goldberg LLP (Los Angeles)
    1801 Ave. of the Stars, Suite 311, Glancy Binkow & Goldberg LLP (Los Angeles), CA 90067
    310.201.915 310. 201-916 · info@glancylaw.com
  3. Perry & Perry, PLLP
    Parkdale Plaza, Suite 336 1660 Highway 100 South, Perry & Perry, PLLP, MN 55416
    (952) 546-3845 (952) 546-3855 ·
  4. The Wagner Firm
    1925 Century Park East, Suite 2100 , The Wagner Firm, CA 90067
    310.491.7949 ·
  5. The Weiser Law Firm, P.C.
    121 N. Wayne, Ave, Suite 100, The Weiser Law Firm, P.C.
    610.667.7706 · rw@weiserlawfirm.com
No Document Title Filing Date