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CHUBB CORPORATION CLASS ACTION LITIGATION Click to find out why . . .



Keywords & Phrases
CaseNo: CCCAL214618, CourtName: CLASS ACTION CASES, State: MA Massachusetts, UniqueCaseRef: LCD>CCCAL214618, Carematrix, Gosman, Report, Exchange Act, Class Action, Facilities, Chancellor, Development Fees, Common Stock, Securities, Misleading, Violation, Kaufman, Revenues, Class Period, Materially False, Management, Related Party, Construction, Allegations, Michael Gosman, Chancellor Entities, Frederick Leathers, Andrew Gosman, Ktb, Entry, Chief Executive Officer, Senior Management, Misrepresentations, Receivables, Motion, Michael, Lead Pltf, Appoinment, C/s, Glass, Carematrix Corporati , ContentID: 120249563

Case Documents
1   COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 122071
31 pages
HTML
2 2000-08-18 DOCKET
[ see first page and extracted highlights below  ] ItemID: 122072
4 pages
HTML
Total Documents: 2 documents , 35 pages
Price: $ 24.95


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1 . COMPLAINT

EXTRACTED KEY WORDS
CAREMATRIX
GOSMAN
PLAINTIFF
REPORT
EXCHANGE ACT
CLASS ACTION
FACILITIES
CHANCELLOR
DEVELOPMENT FEES
COMMON STOCK
SECURITIES
MISLEADING
VIOLATION
KAUFMAN
REVENUES
CLASS PERIOD
MATERIALLY FALSE
MANAGEMENT
RELATED PARTY
CONSTRUCTION
ALLEGATIONS
MICHAEL GOSMAN
CHANCELLOR ENTITIES
CHIEF EXECUTIVE OFFICER
SENIOR MANAGEMENT
FREDERICK LEATHERS
ANDREW GOSMAN
MISREPRESENTATIONS
RECEIVABLES
                        UNITED STATES DISTRICT COURT

                         DISTRICT OF MASSACHUSETTS


   _____________________________________________

   MICHAEL E. GLASS On Behalf of Himself and All Others Similarly
   Situated,

   Plaintiff,

   v.

   CAREMATRIX CORP., ABRAHAM D. GOSMAN, ANDREW GOSMAN, ROBERT KAUFMAN,
   FREDERICK LEATHERS and MICHAEL GOSMAN,

   Defendants.

   _____________________________________________

   )

   )

   )

   )

   )

   )

   )

   )

   No.

   CLASS ACTION

   COMPLAINT FOR VIOLATION OF THE SECURITIES EXCHANGE ACT OF 1934

   Plaintiff Demands A

   Trial By Jury

   Plaintiff, individually and on behalf of all persons similarly
SNIPPETS:
  • CAREMATRIX CORP., ABRAHAM D. GOSMAN, ANDREW GOSMAN, ROBERT KAUFMAN,
  • FREDERICK LEATHERS and MICHAEL GOSMAN,
  • COMPLAINT FOR VIOLATION OF THE SECURITIES EXCHANGE ACT OF 1934
  • Plaintiff Demands A
  • Plaintiff, individually and on behalf of all persons similarly situated, by his undersigned
  • Plaintiff believes that further substantial evidentiary support will exist for the
  • Plaintiff brings this action as a class action on behalf of himself and all persons or
  • During the Class Period, defendants engaged in a scheme and course of conduct, in violation
  • Plaintiff Michael E. Glass purchased CareMatrix common stock during the Class Period, as set
  • CareMatrix develops, manages, and operates assisted living facilities and various other
  • Gosman") has served as the Company's Chairman of the Board of Directors since October 1996,
  • A. Gosman and certain members of the Company's senior management are the primary owners of
  • A. Gosman is the father of Andrew Gosman and Michael Gosman.
  • Defendant Robert Kaufman was, until April 15, 1999, when he resigned from the Company, Chief
  • The Individual Defendants participated in the drafting, preparation, and/or approval of the
  • the market prices of CareMatrix common stock during the Class Period were artificially
  • The Company's operations, revenues, growth, and earnings were inexorably intertwined with the
  • Thereafter, CareMatrix and Chancellor would enter into a development contract, which
  • defendants artificially inflated and manipulated the Company's earnings through the improper
  • The revenues recognized from the related party "development fees" were material to the
  • In the research report, the analysts supported the rating and earnings estimates by
  • The balance of the related party receivable relates to amounts due from Chancellor for

  • 2 . DOCKET

    EXTRACTED KEY WORDS
    ENTRY
    GOSMAN
    MOTION
    MICHAEL
    LEAD PLTF
    APPOINMENT
    C/S
    GLASS
    CAREMATRIX CORPORATI
    LEAD COUNSEL
    FREDERICK LEATHERS
    ANDREW GOSMAN
    ROBERT KAUFMAN
    CONSOLIDATE
    SUPPORT
    ABRAHAM
    COMPLAINT
    DISTRICT COURT
    DOCKET
    FRED TAYLOR
    MEMORANDUM
    ATTORNEY
    APPEARANCE
    STIPULATION
    EDIT
    WOLF
    JUDGE
    DEFENDANT
    FRED TAYLOR ISQUITH
    
    Case docket was last updated on: 08/18/00.
    
    
    Docket as of August 18, 2000 9:53 pm               Page 1
    
    Proceedings include all events.
    1:99cv12323 Glass v. CareMatrix Corporati, et al
                                                                      1cv99  12318
                                                                1cv99  12318
                           U.S. District Court
              U.S. District Court - Massachusetts (Boston)
    
                  CIVIL DOCKET FOR CASE #: 99-CV-12323
    
    Glass v. CareMatrix Corporati, et al                        Filed: 11/12/99
    Assigned to: Judge Mark L. Wolf              Jury demand: Plaintiff
    Demand: $0,000                               Nature of Suit:  160
    Lead Docket: 99-CV-12286                     Jurisdiction: Federal Question
    Dkt# in other court: None
    
    Cause: 15:78m(a) Securities Exchange Act
    
    
    MICHAEL E. GLASS
         Plaintiff
    
    
       v.
    
    
    CAREMATRIX CORPORATI
         Defendant
    
    
    ABRAHAM D. GOSMAN                 Peter M. Saparoff
         Defendant                    (COR LD NTC)
                                      Mintz, Levin, Cohn, Ferris,
                                      Glovsky & Popeo, P.C.
                                      One Financial Center
                                      Boston, MA 02111
                                      617-542-6000
    
    
    ANDREW GOSMAN                     Peter M. Saparoff
         Defendant                    (See above)
                                      (COR LD NTC)
    
    
    
    SNIPPETS:
  • Case docket was last updated on:
  • 1:99cv12323 Glass v. CareMatrix Corporati,
  • U.S. District Court - Massachusetts
  • MICHAEL E. GLASS
  • Defendant
  • Case assigned to Judge: Wolf.
  • Fee Status: pd (ktb)
  • (Entry date 11/15/99)
  • (Edit date 11/15/99)
  • Abraham D. Gosman in 1:99-cv-12323, Andrew Gosman in
  • 1:99-cv-12323, Robert Kaufman in 1:99-cv-12323, Frederick
  • Leathers in 1:99-cv-12323, Michael Gosman in 1:99-cv-12323
  • 12/1/99 for Frederick Leathers
  • CareMatrix Corporati in 1:99-cv-12323, Abraham D. Gosman in
  • defts have an extension of time to respond to the complaint
  • at which time a further Stipulation will be
  • Gosman in 1:99-cv-12323 by Peter M. Saparoff, filed, c/s.
  • 12/6/99 8 Notice of appearance of attorney for Frederick Leathers in
  • 1/3/00 9 Motion by Michael E. Glass in 1:99-cv-12323 for appoinment
  • of lead pltf and approval of lead counsel, filed, c/s.
  • 1/3/00 10 Memorandum by Michael E. Glass in support of motion
  • for appoinment of lead pltf and approval of lead counsel,
  • 1/6/00 15 Affidavit of Fred Taylor Isquith in support re:
  • motion for appoinment of lead pltf Fred Taylor Isquith,
  • granting motion to consolidate cases (EOD Date
  •    |