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Case ID: 4534 | Stocks | 11/15/2005
A class action has been filed against Pegasus Communications Corporation (PGTV), certain of its officers and directors by stockholders who purchased the company's common stock between November 10, 2000 and June 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.
According to a press release dated November 8, 2005, the Complaint alleges that Pegasus and certain of its management violated §10b and Rule 10b-5 of the federal securities laws by failing to disclose its "exclusive" distribution rights for DirecTV services could be terminated without cause prior to 2008. On June 2, 2004 Pegasus disclosed that its exclusive rights to distribute DirecTV services had been terminated. That same day certain Pegasus' operating subsidiaries filed for bankruptcy protection, damaging investors. If you bought Pegasus Communications Corporation securities between November 10, 2000 and June 2, 2004, inclusive, and would like to obtain information about the Pegasus Communications Corporation lawsuit, then you are invited to call (866) 467-1400 to speak with an attorney. 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 The parties have reached a final $4 million settlement in several consolidated class actions filed against healthcare information provider Medirisk, Inc. (formerly Nasdaq: MDMD) and certain of its officers and directors by stockholders who purchased Medirisk common stock between May 4, 1998, and June 30, 1998, or traceable to the company’s secondary offering on June 11, 1998. Persons eligible to participate in the settlement must file a proof of claim postmarked no later than April 30, 2004. A class action has been filed against UnitedHealth Group, Inc. (UNH), certain of its officers and directors by stockholders who purchased the company's common stock between May 4, 2001 and April 7, 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. A class action has been filed in the Southern District Court of New York against Axis Capital Holdings, Ltd. (NYSE: AXS) and certain of its officers and directors by stockholders who purchased the company's common stock between August 6, 2003 and October 14, 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 on-line education provider Apollo Group, Inc. (Nasdaq: APOL) parent company of the nation's oldest and best known distance learning institution, the University of Phoenix online. The suit also names certain of Apollo's officers and directors. It is brought by stockholders who purchased the company's common stock between March 12, 2004 and September 14, 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 GrafTech International Limited (GTI), certain of its officers and directors by stockholders who purchased the company's common stock between November 3, 2005 and February 8, 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. According to a press release dated March 21, 2008, a class action lawsuit was filed on behalf of persons who purchased Auction Rate Securities from UBS, UBS Securities and UBS Financial Services during the Class Period and who continued to hold such securities as of February 13, 2008.
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