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Case ID: 2618 | Stocks | 03/15/2004
On August 12, 2003, the parties announced a tentative $15 million settlement of a class action filed against safety services provider Rural/Metro Corporation (Nasdaq: RUREC, formerly RURL and RURLC) and certain of its officers and directors by stockholders who purchased the company's common stock between April 24, 1997, and June 11, 1998. 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. To recover under the settlement, class members must mail a claim form to the settlement administrator postmarked no later than December 15, 2003.
The settlement will not be effective until the court grants it final approval. The court has scheduled a hearing on the matter for December 9, 2003. 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 electrical and technology contracting company Integrated Electrical Services, Inc. (NYSE:IES), and certain of its officers and directors by stockholders who purchased the company's common stock between November 10, 2003, and August 13, 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 inflating the price of the company's securities. A class action has been filed against direct-to-consumer specialty medical products provider PolyMedica Corporation (Nasdaq: PLMD) and certain of its officers and directors by stockholders who purchased the company's common stock between July 23, 2001, and June 30, 2003.
Kahn Gauthier Swick, LLC ("KGS") announces that shareholders of U.S. Auto Parts Network, Inc. ("U.S. Auto Parts") who purchased shares of the Company in connection with its February 9, 2007 Initial Public Offering ("IPO") or who purchased shares thereafter in the open market, may now move for appointment as Lead Plaintiff in a securities class action lawsuit currently pending in the United States District Court for the Central District of California. Several class actions have been filed against cellular phone manufacturer Nokia OYJ (Nokia Corporation) (NYSE: NOK) and certain of its officers and directors by stockholders who purchased the company's common stock between January 8, 2004, and April 6, 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 inflating the price of the company's securities. The parties have reached a tentative $11.7 million settlement of several class actions filed against networking solutions business FORE Systems, Inc. (formerly Nasdaq: FORE) and certain of its officers and directors by stockholders who purchased the company's common stock between July 19, 1996, and April 1, 1997. 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 inflating the price of the company's securities. To recover under the settlement, a completed proof of claim postmarked no later than January 14, 2004, must be mailed to the claims administrator. A class action has been filed against SINA Corporation (NasdaqNM:SINA), and certain of its officers and directors by stockholders who purchased the company's common stock between October 26, 2004 and February 07, 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. |
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