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COMPUSERVE CLASS ACTION LITIGATION Click to find out why . . .



Keywords & Phrases
CaseNo: CCAL183045, CourtName: CLASS ACTION CASES, State: TX Texas, UniqueCaseRef: LCD>CCAL183045, Securities, Class Action, Facts, Block Group, Compuserve, Materials, Ipo, Subscribers, Shares, Allegations, Registration Statement, Prospectus, Securities Act, Online Services, Common Stock, Connection, Misrepresentations, Larry Romine, Individual Defendants, Cis, Exchange Commission, States District Court, United States, Misleading, Consumer Online, Federal Securities Laws, Consolidating, Vdf, Civil Action, Entry, Consolidated Plaintiff, Judge, Order Consolidating, Buchmeyer, Reference Matter , ContentID: 120249588

Case Documents
1   COMPLAINT B
[ see first page and extracted highlights below  ] ItemID: 122203
27 pages
TXT
2   COMPLAINT A
[ see first page and extracted highlights below  ] ItemID: 122202
28 pages
TXT
3 2000-09-06 DOCKET
[ see first page and extracted highlights below  ] ItemID: 122204
3 pages
HTML
Total Documents: 3 documents , 58 pages
Price: $ 29.95


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1 . COMPLAINT B

EXTRACTED KEY WORDS
SECURITIES
CLASS ACTION
FACTS
BLOCK GROUP
COMPUSERVE
MATERIALS
DEFENDANTS
IPO
SUBSCRIBERS
SHARES
ALLEGATIONS
COUNSEL
MEMBERS
REGISTRATION STATEMENT
PROSPECTUS
SECURITIES ACT
ONLINE SERVICES
COMMON STOCK
CONNECTION
MISREPRESENTATIONS
LARRY ROMINE
INDIVIDUAL DEFENDANTS
CIS
EXCHANGE COMMISSION
STATES DISTRICT COURT
UNITED STATES
MISLEADING
CONSUMER ONLINE
FEDERAL SECURITIES LAWS
                     UNITED STATES DISTRICT COURT
                      SOUTHERN DISTRICT OF OHIO

------------------------------------x
LARRY ROMINE, on behalf of himself :
and all others similarly situated, :
                                   :  CASE NO. C2-96-717
          Plaintiff,               :
                                   :  CLASS ACTION COMPLAINT FOR
     v.                            :  VIOLATIONS OF FEDERAL
                                   :  SECURITIES LAWS
                                   :
COMPUSERVE CORPORATION; H&R        :
BLOCK, INC.; H&R BLOCK GROUP, INC.;:  JURY TRIAL DEMANDED
RICHARD H. BROWN; ROBERT J; MASSEY;:
HERBERT J. KAHN; KENNETH MARINIK;  :
HENRY F. FRIGON; ROGER W. HALE;    :
MORTON I. SOSLAND,                 :
                                   :
          Defendants.              :
                                   :
------------------------------------x


     Plaintiff, by his attorneys, alleges upon information and

belief (based, inter alia, upon a review and analysis of documents

filed with the Securities and Exchange Commission, press releases,

reports of securities analysts, news reports, and the investigation

conducted by and through plaintiff's counsel), except as to the

allegations specifically pertaining to plaintiff and his counsel,

as follows.  Plaintiff believes that further substantial evidentia-

ry support will exist for the allegations set forth below after a

reasonable opportunity for discovery.

                          INTRODUCTION

     1.   This is a class action which arises out of material

misrepresentations and omissions of fact made in connection with an

SNIPPETS:
  • UNITED STATES DISTRICT COURT
  • filed with the Securities and Exchange Commission, press releases,
  • reports of securities analysts, news reports, and the investigation
  • allegations specifically pertaining to plaintiff and his counsel,
  • common stock of CompuServe Corporation ("CompuServe" or the
  • Statements made in connection with the IPO were materially false or misleading in that, among
  • declining enrollment of new subscribers were eroding the Company's
  • Plaintiff and other members of the investing public
  • purchased CompuServe common stock at an artificially inflated price
  • based upon defendants' misrepresentations and omissions.
  • CompuServe shares now trade for substantially less than half of
  • Sections 11, 12, and 15 of the Securities Act of 1933 (the
  • prospectus that were filed with the Securities
  • Each of the individual defendants (the "Individual
  • through its wholly-owned subsidiary H&R Block Group,
  • PLAINTIFF'S CLASS ACTION ALLEGATIONS
  • Whether the federal securities laws were violated by
  • The Company's revenues have increased significantly over the last three years, primarily
  • The Company has recently begun a major new marketing and distribution effort to capitalize on
  • New CIS subscribers receive ten free hours of access in their first month.
  • independent industry analysts projected that the subscriber base of online services outside
  • contained untrue statements of material facts,
  • statements contained in the Prospectus and other offering materials
  • CERTIFICATION OF LARRY ROMINE

  • 2 . COMPLAINT A

    EXTRACTED KEY WORDS
    SECURITIES
    CLASS ACTION
    FACTS
    BLOCK GROUP
    COMPUSERVE
    MATERIALS
    DEFENDANTS
    IPO
    SUBSCRIBERS
    SHARES
    ALLEGATIONS
    COUNSEL
    MEMBERS
    REGISTRATION STATEMENT
    PROSPECTUS
    SECURITIES ACT
    ONLINE SERVICES
    COMMON STOCK
    CONNECTION
    MISREPRESENTATIONS
    LARRY ROMINE
    INDIVIDUAL DEFENDANTS
    CIS
    EXCHANGE COMMISSION
    STATES DISTRICT COURT
    UNITED STATES
    MISLEADING
    CONSUMER ONLINE
    FEDERAL SECURITIES LAWS
    
    
                         UNITED STATES DISTRICT COURT
                          SOUTHERN DISTRICT OF OHIO
    
    ------------------------------------x
    LARRY ROMINE, on behalf of himself :
    and all others similarly situated, :
                                       :  CASE NO. C2-96-717
              Plaintiff,               :
                                       :  CLASS ACTION COMPLAINT FOR
         v.                            :  VIOLATIONS OF FEDERAL
                                       :  SECURITIES LAWS
                                       :
    COMPUSERVE CORPORATION; H&R        :
    BLOCK, INC.; H&R BLOCK GROUP, INC.;:  JURY TRIAL DEMANDED
    RICHARD H. BROWN; ROBERT J; MASSEY;:
    HERBERT J. KAHN; KENNETH MARINIK;  :
    HENRY F. FRIGON; ROGER W. HALE;    :
    MORTON I. SOSLAND,                 :
                                       :
              Defendants.              :
                                       :
    ------------------------------------x
    
    
         Plaintiff, by his attorneys, alleges upon information and
    
    belief (based, inter alia, upon a review and analysis of documents
    
    filed with the Securities and Exchange Commission, press releases,
    
    reports of securities analysts, news reports, and the investigation
    
    conducted by and through plaintiff's counsel), except as to the
    
    allegations specifically pertaining to plaintiff and his counsel,
    
    as follows.  Plaintiff believes that further substantial evidentia-
    
    ry support will exist for the allegations set forth below after a
    
    reasonable opportunity for discovery.
    
                              INTRODUCTION
    
         1.   This is a class action which arises out of material
    
    misrepresentations and omissions of fact made in connection with an
    
    SNIPPETS:
  • UNITED STATES DISTRICT COURT
  • filed with the Securities and Exchange Commission, press releases,
  • reports of securities analysts, news reports, and the investigation
  • allegations specifically pertaining to plaintiff and his counsel,
  • common stock of CompuServe Corporation ("CompuServe" or the
  • Statements made in connection with the IPO were materially false or misleading in that, among
  • declining enrollment of new subscribers were eroding the Company's
  • Plaintiff and other members of the investing public
  • purchased CompuServe common stock at an artificially inflated price
  • based upon defendants' misrepresentations and omissions.
  • CompuServe shares now trade for substantially less than half of
  • Sections 11, 12, and 15 of the Securities Act of 1933 (the
  • prospectus that were filed with the Securities
  • Each of the individual defendants (the "Individual
  • through its wholly-owned subsidiary H&R Block Group,
  • PLAINTIFF'S CLASS ACTION ALLEGATIONS
  • Whether the federal securities laws were violated by
  • The Company's revenues have increased significantly over the last three years, primarily
  • The Company has recently begun a major new marketing and distribution effort to capitalize on
  • New CIS subscribers receive ten free hours of access in their first month.
  • independent industry analysts projected that the subscriber base of online services outside
  • contained untrue statements of material facts,
  • statements contained in the Prospectus and other offering materials
  • CERTIFICATION OF LARRY ROMINE

  • 3 . DOCKET

    EXTRACTED KEY WORDS
    VDF
    DEFENDANT
    CIVIL ACTION
    ENTRY
    CONSOLIDATED PLAINTIFF
    JUDGE
    ORDER CONSOLIDATING
    BUCHMEYER
    COUNSEL
    REFERENCE MATTER
    DOCKET
    FUTURE PLEADINGS
    ISSUED-4
    MCALEER
    KEVIN
    THOMPSON
    JERE
    CYR
    LEO
    CAPROCK
    HECTOR ALFARO
    DEMAND
    JURY
    ASSIGNMENT
    COURT
    DISTRICT
    CONSOLIDATED LEAD
    SPECIFICS
    JUDGE PAUL STICKNEY
    
    Case docket was last updated on: 09/06/00.
    
    
    Docket as of September 6, 2000 5:11 pm               Page 1
    
    Proceedings include all events.                                   M-STI
    3:00cv1613 Alfaro, et al v. Caprock Comm, et al                          LEAD
                                                                             JURY
                                                                M-STI  LEAD
                                                                JURY
                           U.S. District Court
                   Northern District of Texas (Dallas)
    
                   CIVIL DOCKET FOR CASE #: 00-CV-1613
    
    Alfaro, et al v. Caprock Comm, et al                        Filed: 07/26/00
    Assigned to: Chief Judge Jerry Buchmeyer     Jury demand: Plaintiff
    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
    
    
    HECTOR ALFARO, On behalf of       Marc R Stanley, Attorney at Law
    himself and all others            214/443-0358 FAX
    similarly situated                (COR LD NTC ret)
         plaintiff                    Stanley Mandel & Iola
                                      3100 Monticello Ave
                                      Suite 750
                                      Dallas, TX 75205
                                      USA
                                      214/443-4300
    
    
    ANGELA AMOS, On behalf of         Thomas E Bilek, Attorney at Law
    herself and all others            713/227-9404 FAX
    similarly situated                (COR LD NTC ret)
         consolidated plaintiff       Hoeffner Bilek & Eidman
                                      440 Louisiana
                                      Suite 720
                                      Houston, TX 77002-1634
                                      USA
                                      713/227-7720
    
    
    TERESA A CICALA                   Marc R Stanley, Attorney at Law
         consolidated plaintiff       (See above)
    
    SNIPPETS:
  • Case docket was last updated on:
  • U.S. District Court
  • Northern District of Texas
  • Assigned to: Chief Judge Jerry Buchmeyer Jury demand: Plaintiff
  • HECTOR ALFARO, On behalf of Marc R Stanley, Attorney at Law
  • consolidated plaintiff Hoeffner Bilek & Eidman
  • CAPROCK COMMUNICATIONS CORP
  • KEVIN W MCALEER
  • defendant Leo J Cyr, defendant Jere W Thompson Jr, Kevin W
  • McAleer (Issued-4) (vdf) (Entry date 07/27/00)
  • 7/26/00 -- PRELIMINARY ASSIGNMENT TO Magistrate Judge Paul Stickney
  • 8/28/00 3 ORDER consolidating cases...The above referenced case is
  • CONSOLIDATED with civil action number 3:00-CV-1730-R and
  • (See order for specifics)
  • 8/28/00 -- Consolidated Lead Case
  • 9/6/00 4 ORDER consolidating cases..The above reference matter is
  • All future pleadings shall be filed
  • Buchmeyer) Copies to counsel: 09/06/00 Page1
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