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Keywords & Phrases
CaseNo: OC101354, CourtName: CLASS ACTION CASES, State: NY New York, UniqueCaseRef: LCD>OC101354, Common Stock, Facts, Allegations, Contract, Class Period, Materials, Securities, Care, York, Misleading, Purchasers, Cigna Contract, Individual Defendants, Margin Pressures, Securities Act, Medicare Audit, Materially False, Home Health, Exchange Act, Material Adverse, Staffing Services, Prospectus, Network Providers, Olsten Shares, Management, Managed Care , ContentID: 120246245

Case Documents
1   COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 114684
65 pages
PDF
Total Documents: 1 document , 65 pages
Price: $ 19.95


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1 . COMPLAINT

EXTRACTED KEY WORDS
PLAINTIFF
COMMON STOCK
FACTS
BUSINESS
ALLEGATIONS
CONTRACT
MEMBERS
CLASS PERIOD
MATERIALS
SECURITIES
CARE
YORK
MISLEADING
PURCHASERS
CIGNA CONTRACT
INDIVIDUAL DEFENDANTS
MARGIN PRESSURES
SECURITIES ACT
MEDICARE AUDIT
MATERIALLY FALSE
HOME HEALTH
EXCHANGE ACT
MATERIAL ADVERSE
STAFFING SERVICES
PROSPECTUS
NETWORK PROVIDERS
OLSTEN SHARES
MANAGEMENT
MANAGED CARE



David J. Bershad (DB-9981)
Steven G. Schulman (SS-2561)
Samuel H. Rudman
MILBERG WEISS BERSHAD
     HYNES & LERACH LLP
One Penn Plaza
New York, New York 10119
(212) 594-5300

[Additional Counsel Listed
On Signature Page]


UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF NEW YORK

___________________________________)
GAIL WEICHMAN on behalf of                )
herself and all others similarly          )
situated,                                 )          CASE NO. CV 97 1946
                                          )
                           Plaintiff,     )          CLASS ACTION COMPLAINT
                                          )          FOR VIOLATIONS OF
                   v.                     )          FEDERAL SECURITIES LAWS
                                          )
OLSTEN CORPORATION, MIRIAM OLSTEN, )
WILLIAM OLSTEN, ANTHONY J. PUGLISI )
and FRANK LIGOURI,                        ))
                           Defendants.    )
___________________________________)


              Plaintiff makes the following allegations upon

information and belief, except as to allegations specifically

pertaining to plaintiff and her counsel, based on the facts

alleged below, predicated upon the investigation undertaken by

and under the supervision of plaintiff's counsel, and plaintiff

believes that further substantial evidentiary support will exist

for the allegations set forth below after a reasonable
SNIPPETS:
  • One Penn Plaza New York,
  • Plaintiff makes the following allegations upon
  • This is a class action on behalf of all purchasers
  • Securities Exchange Act of 1934 including a
  • margin pressures in its home-healthcare business,
  • the very margin pressures that the Company publicly
  • all prior times during the Class Period.
  • with the CIGNA Healthcare contract -- an agreement
  • home-healthcare to CIGNA's members.
  • described by defendants in glowing terms and heralded as a
  • announcement of the CIGNA contract,
  • get its network providers -- who would ultimately provide the
  • In the Joint Proxy and Prospectus,
  • The Medicare audit
  • Before the true facts about the Company's business
  • 1933 (the "Securities Act"),
  • purchased Olsten common stock at
  • America's largest provider of home-health care and related
  • management services to hospital-based home health agencies.
  • Services division are divided between Olsten Staffing Services
  • Because of the Individual Defendants'
  • misleading and incomplete information conveyed in the
  • were aware of their materially false and misleading nature.
  • Our Company can offer to CIGNA and other managed care organizations a combination of quality
  • Material Adverse Effect.
  • Olsten shares during the Class Period suffered similar injury
  •    |