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Case ID: 3001 | Stocks | 02/09/2004
The parties have reached a tentative $1,303,750 settlement of an action filed against auto insurer Symons International Group, Inc. (Pink Sheet: SIGC.PK) or its parent company, Goran Capital, Inc. (OTCBB:GNCNF) and certain of its officers and directors by stockholders who purchased the company's common stock between February 27, 1998 and November 18, 1999. 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 February 20, 2004, must be mailed to the claims administrator.
Any questions regarding the settlement should be directed to the claims administrator at (800) 766-3330. Claim forms may be downloaded from the settlement website. Once completed, they should be mailed to the claims administrator at: Symons Securities Litigation The settlement will not be effective until the court grants it final approval. The court has scheduled a hearing on the matter for January 20, 2004.
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 rich media communications company First Virtual Communications, Inc. (Pink Sheets:FVCC.PK), and certain of its officers and directors by stockholders who purchased the company's common stock between March 29, 2004, and August 23, 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. Several class actions have been filed against storage software designer Veritas Software Corporation (Nasdaq:VRTS) and certain of its officers and directors by stockholders who purchased the company's common stock between April 21, 2004, and July 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 settlement in a class action filed against child-resistant packaging manufacturer Kerr Group, Inc. by stockholders who purchased the company's class B cumulative convertible preferred series D stock between July 1, 1997, and December 31, 1997. Persons who wish to take part in the settlement must submit a proof of claim form postmarked no later than August 22, 2004. A class action has been filed in the Middle District Court of Florida against Anchor Glass Container Corporation (NASDAQ: AGCC) and certain of its officers and directors by stockholders who purchased the company's common stock between September 25, 2003 and November 4, 2004. 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 Ligand Pharmaceuticals, Inc., a San Diego, CA based biopharmaceutical company (NASDAQ: LGND) and certain of its officers and directors by stockholders who purchased the company’s common stock between July 28, 2003 and August 2, 2004. 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. Several class actions have been filed against software provider Nassda Corporation (Nasdaq:NSDA) and certain of its officers and directors by stockholders who purchased the company's common stock between December 13, 2001, and June 11, 2004, including those who acquired their shares pursuant to its initial public offering. 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.
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