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IN RE COHR INC SECURITIES LITIGATION Click to find out why . . .



Keywords & Phrases
CaseNo: CICAL161794, CourtName: CLASS ACTION CASES, State: CA California, UniqueCaseRef: LCD>CICAL161794, Cohr, Carnegie, Cohr Stock, Class Period, Securities, Financial-and, Exchange Act, Price, Class Action, Shares, Stock, Misleading, Complaint, Revenues, Net Income, Pursuant, Reports, Growth, Connection, Farkas, Entry, Financial Statements, District, Operating, Needham, Hasc, Plf, Misrepresentations, Common Stock, Compared Thereto, Equipment, Equipment Service, Accounting, Sherleigh Assoc, Promulgated Thereunder, States District Court, Material Facts, Acquisitions, Dissemination, Forecasts , ContentID: 120249579

Case Documents
1   COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 122159
13 pages
HTML
2 1998-07-21 DOCKET
[ see first page and extracted highlights below  ] ItemID: 122161
4 pages
TXT
3 1998-05-06 COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 122160
60 pages
PDF
Total Documents: 3 documents , 77 pages
Price: $ 29.95


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1 . COMPLAINT

EXTRACTED KEY WORDS
DEFENDANTS
PLAINTIFF
SECURITIES
EXCHANGE ACT
CLASS ACTION
STOCK
COMPLAINT
PURSUANT
MEMBERS
FARKAS
SHARES
FINANCIAL STATEMENTS
DISTRICT
PRICE
CLASS PERIOD
MISLEADING
MISREPRESENTATIONS
COMMON STOCK
ACCOUNTING
PROMULGATED THEREUNDER
STATES DISTRICT COURT
MATERIAL FACTS
ACQUISITIONS
INDIVIDUAL DEFENDANTS
AMEX
VIOLATIONS
TRANSACTIONS
EXCHANGE COMMISSION
JURISDICTION
                    IN THE UNITED STATES DISTRICT COURT

                        FOR THE DISTRICT OF MARYLAND

   - - - - - - - - - - - - - - -

   ALLAN GENUT,Individually And On) )

   Behalf Of All Others Similarly )

   Situated, )

   Plaintiff, )

   ) SECURITIES CLASS ACTION

   vs. )

   ) JURY TRIAL DEMANDED

   CARNEGIE INTERNATIONAL CORP- )

   ORATION, E. DAVID GABLE, )

   LOWELL FARKAS, B. CHRIS )

   SCHWARTZ and BENNETT H. GOLD- )

   STEIN, )

   Defendants )

   - - - - - - - - - - - - - - -

                                 COMPLAINT

                                INTRODUCTION

   Plaintiff, for his class action complaint (the "Complaint") alleges,
   (based, in part, upon the investigation conducted by and through his
   undersigned attorneys), the following:

                           JURISDICTION AND VENUE

    1. This Court has jurisdiction over the subject matter of this action
       pursuant to Section 27 of the Securities Exchange Act of 1934 (the
       "Exchange Act"), 15 U.S.C. ß 78aa.
    2. The claims asserted herein arise under Sections 10(b) and 20(a) of
SNIPPETS:
  • IN THE UNITED STATES DISTRICT COURT
  • CARNEGIE INTERNATIONAL CORP-)
  • Plaintiff, for his class action complaint alleges,, the following:
  • This Court has jurisdiction over the subject matter of this action pursuant to Section 27 of
  • The claims asserted herein arise under Sections 10and 20of the Exchange Act, 15 U.S.C. ßß
  • Venue is proper in this district pursuant to Section 27 of the Exchange Act because defendant
  • In connection with the acts alleged in this Complaint, defendants, directly and indirectly,
  • This action is brought as a class action on behalf of all persons or entities who purchased
  • During the Class Period, defendants engaged in a course of conduct that was designed to, and members of the Class to purchase Carnegie's securities at inflated prices.
  • Plaintiff Allan Genut purchased 1,000 shares of Carnegie common stock on March 30, 1999 at
  • Defendant Lowell Farkas was, at all relevant times, President, Chief Executive Officer and a
  • whether documents, releases, reports and statements disseminated to the investing public
  • defendants made public misrepresentations during the Class Period,
  • Subsequently, Carnegie engaged in a series of acquisitions, and certain sales, of
  • The average price of Carnegie stock in 1997 was $0.74 per share.
  • On April 30, 1999, the first day of trading in Carnegie stock on the AMEX, as discussed
  • The statements above were false and misleading when made since, as disclosed subsequently,
  • SEC Regulation S-X ) states that financial statements filed with the SEC which are not
  • The above transactions have been recorded under the purchase method of accounting and,
  • The Individual Defendants were motivated to make the misrepresentations discussed herein

  • 2 . DOCKET

    EXTRACTED KEY WORDS
    PLF
    DEFENDANT
    SHERLEIGH ASSOC
    LETTS
    JUDGE
    MTN
    PLAINTIFF SHERLEIGH ASSOC
    EXCHANGE ACT
    MOTION
    NON-RESIDENT ATTORNEY
    LORI
    CNSL
    COHR
    SUMMONS
    WAIVER
    SUPPT
    FEE
    COUNSEL
    GLANCY
    DESIGNATING LIONEL
    LODGED PROPSD ORD
    MTN HRNG SET
    DFT
    RELAT ACTNS AGNST
    PAUL CHOPRA
    DOCKET
    ATTY
    APPROVE SELECTION
    LEAD PLF PURS
    
    Docket as of July 21, 1998 (retrieved 7/29/98)
    
    Proceedings include all events.
    2:98cv3028    Sherleigh Assoc Inc v. COHR Inc, et al                     (BQRx)
    
                                                                (BQRx)
                           U.S. District Court
              Central District of California (Western Div.)
    
                   CIVIL DOCKET FOR CASE #: 98-CV-3028
    
    Sherleigh Assoc Inc v. COHR Inc, et al                      Filed: 04/21/98
    Assigned to: Judge J. Spencer Letts          Jury demand: Plaintiff
                 Referred to: Discovery Brian Q. Robbins
    Demand: $0,000                               Nature of Suit:  850
    Lead Docket: None                            Jurisdiction: Federal Question
    Dkt# in other court: None
    
    Cause: 15:78m(a) Securities Exchange Act
    
    SHERLEIGH ASSOCIATES INC.         Stanley M Grossman
    PROFIT SHARING PLAN               (COR LD NTC)
         plaintiff                    Marc I Gross
                                      (COR LD NTC)
                                      Patrick V Dahlstrom
                                      (COR LD NTC)
                                      Pomerantz Haudek Block &
                                      Grossman
                                      100 Park Ave
                                      26th Floor
                                      New York, NY 10017-5516
                                      212-661-1100
    
                                      Lionel Z Glancy
                                      FAX 310-201-9160
                                      (COR LD NTC)
                                      Peter Arthur Binkow
                                      FAX 310-201-9160
                                      (COR LD NTC)
                                      Lionel Z Glancy Law Offices
                                      1801 Ave of the Stars
                                      Suite 308
                                      Los Angeles, CA 90067
                                      310-201-9150
    
       v.
    
    COHR INC
    
    SNIPPETS:
  • Docket as of July 21,
  • Cause: 15:78mSecurities Exchange Act
  • Jury demand (Entry date 04/24/98)
  • Plf to effect svc within 15
  • If cnsl desire same day actn on their ex parte appl
  • 5/20/98 3 STIPULATION and ORDER tht dft Cohr,
  • 6/20/98 to ans the cmp by Judge J. S. Letts
  • 8:00 6/24/98 (lori)
  • Sherleigh Assoc Inc
  • 6/16/98 6 NOTICE by plaintiff Sherleigh Assoc Inc to parties conc
  • Designating Lionel Z Glancy as local
  • counsel.
  • (Fee pd)
  • 6/19/98 10 NOTICE OF MOTION AND MOTION by plf Sherleigh Assoc Inc to
  • consol for all purposes three relat actns agnst Cohr Inc
  • Lodged Propsd Ord
  • 6/19/98 11 MEMO IN SUPPT by plf Sherleigh Assoc Inc of plf's mtn to
  • mtn hrng set for 1:00 7/20/98;
  • 6/19/98 13 MEMO IN SUPPT by plf Sherleigh Assoc Inc in suppt of plf's
  • mtn to be appt lead plf purs to sec 21Dof the
  • sec exchange act of 1934, & mtn to approve selection
  • 6/25/98 15 WAIVER OF SERVICE of SUMMONS by defendant Sandy M Morford,
  • Dennis M Perluss atty for dfts on 6/24/98.
  • 7/7/98 18 WAIVER OF SERVICE of SUMMONS by defendant Paul Chopra sent

  • 3 . COMPLAINT

    EXTRACTED KEY WORDS
    DEFENDANTS
    COHR STOCK
    FINANCIAL-AND
    CLASS PERIOD
    PRICE
    REVENUES
    NET INCOME
    REPORTS
    GROWTH
    CONNECTION
    SHARES
    MISLEADING
    OPERATING
    BUSINESS
    NEEDHAM
    HASC
    COMPARED THERETO
    EQUIPMENT
    EQUIPMENT SERVICE
    DISSEMINATION
    FORECASTS
    IPO
    PURCHASE CONNECTION
    PROSPECTUS
    OPERATIONS COMPARED THERETO
    EXECUTIVES
    PRESIDENT
    DAILY STOCK PRICES
    DIVERTING
    
      *:
    4.         1     MILBERG  WEISS  BERSHAD
                        HYNES  &  LERACH  LLP
               2     WILLIAM            S.  LERACH  (68581)
                     DARREN  J.  ROBBINS  (168593)
               3     600  West  Broadway,                  Suite         1800
                     San  Diego,           CA  92101
               4     Telephone:              619/231-1058
                     619/231-7423              (fax)
               5                                                                                       
                     BARRACK,  RODOS  &  BACINE
               6     STEPHEN  R.  BASSER  (121590)
                     600  West  Broadway,                  Suite.1700
               7     San  Diego,           CA  92101
                     Telephone:              619/230-0800
               8     619/230-1874              (fax)                                                   
               9     WOLF  HALDENSTEIN                   ADLER                                         
                        FREEMAN  &  HERZ,  LLP                                                         
                                                                                                       
             10      FRANCIS  M.  GREGOREK  (144785)                                                   
                     FRANCIS  A:.  BOTTINI,                   JR.  (175783)
             11      600  West  Broadway,                  Suite         1800
                     San  Diego,           CA  92101
             12      Telephone:              619/338-4599
                     619/231-7423              (fax)
             13      Attorneys            for  Plaintiffs
             14      [Additional             counsel          appear          on  signature           
             15                                                                                        
             16                                           UNITED  STATES  DISTRICT                     
             17                                          CENTRAL  DISTRICT               OF  CALIFORNIA
             18                                                        WESTERN  DIVISION
             19                                                                                      
                     MARCIA  ZABRONSKY,  MARCIA  S.                                                    
                                                                                                )  No.
             20      ZABRONSKY,  LESTER  ZABRONSKY  and
                                                                                                ) 
                     LESTER  ZABRONSKY,  Trustee,                             On                1
             21      Behalf        of  Themselves               and  All  Others                )
                     Similarly            Situated,
             22                                                                                 ; 
    F
                                                              Plaintiffs,                       )  THE 
             23                                                                                 )  OF 
                                vs.
             24
                     COHR,  INC.,                                                               i
                                             UMESH  MALHOTRA,  PAUL                             )
             25      CHOPRA;JAMES               BARBER,  SANDY  M.
                     MORFORD,  HARESH  SATIANI,                          NEEDHAM  t             1
    
    SNIPPETS:
  • By the 2 close of the Class Period,
  • COHR stock had already
  • the price 6 action of COHR stock during
  • 1997 and 1998 as defendants
  • Daily Stock Prices 13
  • Defendant COHR sells 1.739,OOO shares
  • Defendant HASC sells 250,000 shares
  • a range of equipment 3 maintenance,
  • Chairman of the Board, President
  • about its business, 13 finances,
  • corporate documents (including 15 COHR's operating
  • meetings and committees thereof, 19 and via reports
  • provided to him in connection 20 therewith.
  • plans, budgets and forecasts, 4 and reports of actual operations compared thereto),
  • review and dissemination 10 of the false statements alleged herein selling 3,000 of his own
  • Statement and Prospectus
  • Needham agreed to orchestrate 12 COHR'S IPO if,
  • of the false 18 and misleading
  • data and his daily 12 calls to COHR executives,
  • COHR's 10 revenues, EPS and accounts receivable
  • in order to &how that COHR 11 was achieving strong growth that it was not in fact achieving;
  • included COHR's revenue and net income for FY94 and FY95,
  • SUMMARY FINANCIAL-AND SUPPLEMENTAL DATA *
  • Purchase Connection expeFiencedmoremoderate 6
  • acquiring smaller regional equipment service companies 12
  • its 20 revenues by diverting
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