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DATASTREAM SYSTEMS CLASS ACTION LITIGATION Click to find out why . . .



Keywords & Phrases
CaseNo: DSCAL225302, CourtName: CLASS ACTION CASES, State: SC South Carolina, UniqueCaseRef: LCD>DSCAL225302, Datastream, Stock, Class Period, Material Facts, Blackwell, Common Stock, Exchange Act, Violation, Christie, Misrepresentations, Federal Securities Laws, Damages, Entry, Acquisition, Price, Mdea, Misleading, Motion, Accounting, Transaction, Market Price, Net Income, Connection, Sustained Damage, Materially Misleading, Total Revenue, Weighted Average Shares, Artificially Inflate, Operating Costs, Pro Hac Vice, Pro Hac, Affidavit, One-time Charges, Lead Plaintiffs, Affiliates, Kqui, Support , ContentID: 120249630

Case Documents
1 1999-06-29 DOCKET
[ see first page and extracted highlights below  ] ItemID: 122434
5 pages
TXT
2 1999-01-11 COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 122433
22 pages
TXT
Total Documents: 2 documents , 27 pages
Price: $ 24.95


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1 . DOCKET

EXTRACTED KEY WORDS
PLAINTIFF
MDEA
MOTION
DEFENDANT
PRO HAC VICE
PRO HAC
AFFIDAVIT
LEAD PLAINTIFFS
KQUI
SUPPORT
COMPLAINT
JURY DEMAND
JUDGE
MLD
EOD
ARTHUR STOCK
COLLINS
TODD
INTERROGATORIES
DATASTREAM SYSTEMS
LARRY BLACKWELL
DANIEL CHRISTIE
ANDERSON
APPOINTMENT
COUNSEL
EXPERTS SET
FILING FEE
WILLIAM
COURT
Docket as of June 29, 1999 (retrieved 7/6/99)

Proceedings include all events.
6:99cv88 Neely v. Datastream Systems, et al                       JURY

                                                            JURY
                       U.S. District Court
             District of South Carolina (Greenville)

                CIVIL DOCKET FOR CASE #: 99-CV-88

Neely v. Datastream Systems, et al                          Filed: 01/11/99
Assigned to: Judge G. Ross Anderson, Jr.     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


PRISCILLA NEELY, Individually     William J Cook
and on behalf of all others       803-259-7048
similarly situated                (COR LD NTC)
     plaintiff                    Ness Motley Loadholt Richardson
                                  and Poole
                                  PO Box 365
                                  Barnwell, SC 29812
                                  803-259-3525
                                  FTS 259-7048

                                  Terry Edward Richardson, Jr
                                  803-259-7048
                                  (COR LD NTC)
                                  Ness Motley Loadholt Richardson
                                  & Poole
                                  P O Box 365
                                  2202 Jackson Street
                                  Barnwell, SC 29812
                                  803-259-3525

                                  Kurt Olsen
                                  000-000-0000
                                  (COR LD NTC)
                                  2300 N Street NW
                                  Suite 500
                                  Washington, DC 20037
                                  000-000-0000

SNIPPETS:
  • U.S. District Court
  • Judge G. Ross Anderson,
  • Jury demand: Plaintiff
  • 1/11/99 1 COMPLAINT with jury demand; FILING FEE $ 150.00 RECEIPT #
  • Datastream Systems (mdea) (Entry date 01/12/99)
  • 1/11/99 2 AFFIDAVIT of Priscilla J. Neely by plaintiff Priscilla
  • complaint
  • 1/11/99 3 SUMMONSissued for defendant Datastream Systems
  • 1/11/99 4 SUMMONSissued for defendant Larry Blackwell
  • 1/11/99 5 SUMMONSissued for defendant Daniel Christie
  • 1/11/99 6 Answers to 16B Interrogatories by plaintiff Priscilla Neely;
  • 1/11/99 7 MOTION by plaintiff Priscilla Neely for Kurt Olsen to
  • support of motion for Kurt Olsen to appear pro hac
  • 1/11/99 9 MOTION by plaintiff Priscilla Neely for Todd S Collins,
  • Arthur Stock to appear pro hac vice
  • support of motion for Todd S Collins,
  • 2/16/99; Defendant's ID of Experts set for 3/15/99;
  • Magistrate Judge William M. Catoe Jr.
  • EOD: 1/15/99 mld.
  • MLD EOD 1/19/99 (kqui)
  • complaint until the Court appoints lead plaintiffs and lead
  • 3/12/99 21 MOTION by plaintiff Priscilla Neely for appointment of
  • of co-lead counsel

  • 2 . COMPLAINT

    EXTRACTED KEY WORDS
    DEFENDANTS
    STOCK
    PLAINTIFF
    CLASS PERIOD
    MATERIAL FACTS
    BLACKWELL
    COMMON STOCK
    EXCHANGE ACT
    VIOLATION
    CHRISTIE
    MISREPRESENTATIONS
    FEDERAL SECURITIES LAWS
    DAMAGES
    ACQUISITION
    PRICE
    MISLEADING
    ACCOUNTING
    TRANSACTION
    MARKET PRICE
    NET INCOME
    CONNECTION
    SUSTAINED DAMAGE
    MATERIALLY MISLEADING
    TOTAL REVENUE
    WEIGHTED AVERAGE SHARES
    ARTIFICIALLY INFLATE
    OPERATING COSTS
    ONE-TIME CHARGES
    AFFILIATES
    
                      UNITED STATES DISTRICT COURT
                       DISTRICT OF SOUTH CAROLINA
    
    -----------------------------------x
                                       :
    PRISCILLA NEELY, Individually and  :    CIVIL ACTION
    on Behalf Of All Others            :    NO. (99-CV-00088)
    Similarly Situated,                :    (filed Jan. 11, 1999)
                                       :
                       Plaintiff,      :
        v.                             :
                                       :
    DATASTREAM SYSTEMS, INC., LARRY    :
    BLACKWELL, and DANIEL CHRISTIE,    :
                                       :
                       Defendants.     :
                                       :
    -----------------------------------x
    
    
                       COMPLAINT FOR VIOLATIONS OF
                   THE SECURITIES EXCHANGE ACT OF 1934
    
    
             Plaintiff on her own behalf and on behalf of all others
    
    similarly situated, for her complaint against defendants, alleges
    
    as follows:
    
                           NATURE OF THE ACTION
    
             1.   This action is brought on behalf of plaintiff and
    
    all other persons, other than defendants and their affiliates, who
    
    purchased common stock of defendant Datastream Systems, Inc.
    
    ("Datastream" or the "Company") during the period from April 1,
    
    1998 through October 20, 1998, inclusive (the "Class Period"), and
    
    who sustained damage in connection with those transactions.  During
    
    the Class Period, in violation of the federal securities laws, the
    
    defendants knowingly or recklessly made, caused or permitted to be
    
    
    SNIPPETS:
  • BLACKWELL, and DANIEL CHRISTIE,:
  • Plaintiff on her own behalf and on behalf of all others
  • similarly situated, for her complaint against defendants, alleges
  • all other persons, other than defendants and their affiliates, who
  • purchased common stock of defendant Datastream Systems,
  • who sustained damage in connection with those transactions.
  • the Class Period, in violation of the federal securities laws, the
  • made misrepresentations of material fact and/or omitted material
  • facts necessary to make statements that were made not misleading
  • relying on the market price thereof to accurately reflect its true
  • in violation of generally accepted accounting principles
  • Securities Exchange Act of 1934, 15 U.S.C. §78aa,
  • Defendant Daniel Christie is,
  • Class members in violation of the federal securities laws.
  • artificially inflate the price of Datastream stock during the Class
  • sustained damages arising out of the defendants' wrongful conduct
  • misrepresented material facts and whether defendants breached any
  • off acquisition costs, especially research and development costs,
  • the level of total revenue and net income
  • have been reported as operating costs could be hidden within onetime charges.
  • The transaction will be accounted for as a purchase.
  • Net income in the first quarter was $3.4 million before the one-time charges related to the
  • This press release was materially misleading for the
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