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Case ID: 3344 | Stocks | 08/19/2004
The parties have reached a tentative $8 million partial settlement in an action filed against AMF Bowling, Inc. (Pink Sheets: AMBWQ) and certain of its officers and directors by stockholders who purchased the company's common stock pursuant to the registration statement for the November 1997 initial public offering before February 26, 1999. The action continues against the remaining institutional defendants. Proof of claim documents must be postmarked on or before October 29, 2004, to be considered valid.
The settlement lays to rest all claims against AMF Board Chairman Richard A. Friedman, and AMF President and CEO Douglas J. Stanard. If you have not yet received the full printed Notice of Hearing on Proposed Partial Settlement, Notice of Motion for Award of Attorneys' Fees and Expenses, and Notice of Right to Share in Settlement Fund, you may obtain copies of these documents by identifying yourself as a member of the class and by contacting the claims administrator: In re AMF Bowling Securities Litigation Or by sending an email to: claimsadministrator@heffler.com. Alternatively, the notice may be viewed at the settlement website. The settlement will not be effective until the court grants it final approval. The court has scheduled a hearing on the matter for June 28, 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 According to a press release dated June 5, 2008, the complaint charges Healthways and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Healthways provides disease management and wellness programs for health plans, hospitals and small businesses, helping members with diabetes, cancer and other diseases to coordinate care, keep up with treatment and maintain healthy behaviors.
The mutual fund scandal continues to gather momentum. Several class actions have been filed against mutual fund manager Franklin Resources, Inc. (NYSE: BEN) and numerous Franklin funds by investors who purchased shares of the funds between February 6, 1999, to February 4, 2004. The actions claim that the defendants violated federal securities laws by allowing certain favored investors to engage in 'timing' of the Funds' securities. On February 29, 2008, the case was removed from Supreme Court of the State of New York, County of Nassau, to the U.S. District Court for the Eastern District of New York.
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").
Several class actions have been filed against financial services company UICI (NYSE:UCI) and certain of its officers and directors by stockholders who purchased the company's common stock between January 17, 2000, and July 21, 2003. 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 in the Northern District Court of Illinois against Office Max Inc, (NYSE:OMX) a multinational contract and retail distributor of office supplies, paper, technology products and office furniture, and certain of its officers and directors by stockholders who purchased the company's common stock between November 9, 2004 and January 11, 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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