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Case ID: 2758 | Stocks | 09/08/2004
The court has certified the class in a class action filed against the Morgan Stanley Dean Witter Prime Income Trust Fund (Nasdaq: XPITX) by stockholders who purchased shares of the trust between November 1, 1998, and April 26, 2001. The action claims that the defendants violated federal securities laws by failing to follow Securities and Exchange Commission requirements for the valuation of securities and issuing registration statements and prospectuses that contained false and misleading statements about the trust's net asset value. The stockholders seek to recover compensatory damages for the loss of value of their investment.
Specifically, the action asserts that the loans in the trust were not accurately valued, thus inflating the trust's net asset value and resulting in investors overpaying for their shares. 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 A class action has been filed against AuthentiDate Holding Corp. (NasdaqNM:ADAT), certain of its officers and directors by stockholders who purchased the company's common stock between September 29, 2003 and May 27, 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. A class action has been filed against Bernard L. Schwartz, chairman and chief executive officer of satellite communications company Loral Space & Communications Ltd. (Pink Sheets and OTCBB: LRLSQ, formerly NYSE: LOR) by stockholders who purchased the company's common stock between June 30 and July 15, 2003. On July 1, 2008 a law firm press released announced that a class action has been commenced on behalf of an institutional investor in the United States District Court for the Southern District of New York on behalf of all U.S. citizens or residents who purchased Fimalac, S.A.
A class action has been filed against biopharmaceutical company CV Therapeutics, Inc. (Nasdaq: CVTX) and certain of its officers and directors by stockholders who purchased the company's common stock between May 14 and August 1, 2003.
According to a law firm press release, a class action was filed in connection with Fifth Third's acquisition of First Charter on June 6, 2008, and on behalf of shareholders of First Charter as of November 26, 2007 and were solicited to vote on this acquisition.
A class action has been filed against Bombardier, Inc., and certain of its officers and directors by stockholders who purchased the company's common stock between Thursday, January 27, 2000 and Tuesday, May 06, 2003. 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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