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Case ID: 2556 | Stocks | 07/15/2003
A class action has been filed against crude oil marketer and transporter EOTT Energy Partners, L.P. (OTCBB: EOTTV, formerly NYSE: EOT and Pink Sheets: EOTPQ) and certain of its officers and directors by investors who purchased the company's units between July 2, 2001, and January 22, 2002. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The investors seek to recover compensatory damages for the loss of value of their securities.
EOTT Energy Partners, L.P. filed for bankruptcy protection on October 8, 2002. The court approved the company's reorganization plan on February 18, 2003. The company is now known as EOTT Energy LLC. EOTT Energy Partners, L.P. was closely tied to Enron Corporation. EOTT Energy Corporation, a wholly-owned subsidiary of Enron, was the general partner of EOTT Energy Partners, L.P. Under the bankruptcy reorganization, EOTT Energy LLC has severed its organizational connections to Enron. This class action has been made a part of the Enron consolidated litigation. At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Stocks Cases of Interest Several class actions have been filed against Lehman Brothers, Inc., the U.S. Bank Trust National Association, RBC Dain Rauscher, and Banc Of America Securities, LLC, on behalf of all persons who invested in Corporate Backed Trust Certificates, Verizon New York Debenture-Backed Series 2004-1, between January 5 and May 11, 2004. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially assigning the value of the certificates. The stockholders seek to recover compensatory damages for the loss of value of their certificates. Several class actions have been filed against Central Freight Lines, Inc. (Nasdaq: CENF) and certain of its officers and directors by stockholders who purchased the company's common stock pursuant to its December 12, 2003, initial public offering. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market, thereby artificially inflating the price of the company's securities. A class action has been filed against Willbros Group, Inc. (NYSE:WG), certain of its officers and directors by stockholders who purchased the company's common stock between May 06, 2002 and May 16, 2005. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock. NEW ORLEANS, LA--(MARKET WIRE)—October 24, 2006 -- Kahn Gauthier Swick, LLC ("KGS") has filed the first class action lawsuit in the United States District Court for the Southern District of New York, on behalf of shareholders who purchased, exchanged or otherwise acquired the common stock of Xethanol Corp. ("Xethanol” or the "Company'') (AMEX: XNL) between January 31, 2006 and August 8, 2006 (the “Class Period”).
A class action has been filed against Rambus, Inc. (RMBS), certain of its officers and directors by stockholders who purchased the company's common stock between December 12, 2001 and June 27, 2006. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock. Kahn Gauthier Swick, LLC ("KGS") has filed the first class action lawsuit in the United States District Court for the Northern District of California, on behalf of shareholders who purchased, exchanged or otherwise acquired the common stock of Pegasus Wireless Corp. ("Pegasus" or the "Company'') (OTC BB: PGWC.OB) between December 22, 2005 and September 5, 2006 (the "Class Period").
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