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IN RE OBRIEN ENVIRONMENTAL ENERGY INC SECURITIES LITIGATION Click to find out why . . .



Keywords & Phrases
CaseNo: OE110969, CourtName: CLASS ACTION CASES, State: PA Pennsylvania, UniqueCaseRef: LCD>OE110969, Stock, Debenture, Damage Proceeds, Slow Moving Inventory, Insider, Revenues, Deferred Income, Charge, Gains, Losses, Exchange, William Forman, Cooperman, Joel, States District Court, United States District, Ton United States, Pipeline, Interim, Rewarding, Carry-forwards , ContentID: 120249887

Case Documents
1 1994-09-15 COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 123478
50 pages
PDF
2 1994-07-27 COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 123477
33 pages
PDF
Total Documents: 2 documents , 83 pages
Price: $ 24.95


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1 . COMPLAINT

EXTRACTED KEY WORDS
STOCK
PIPELINE
INTERIM
REWARDING
CARRY-FORWARDS
                                                                                              _.
      .                   ,.
    .-
            c               ,                                                     !                


                  F-7                                                           UNITED  STATES 
                                  ;                                         EASTERN  DISTRICT  OF 

                                  JAMES  M.  BLACKMAN,  VIRGINIA                                   
                                  on  behalf                   of  themselves                and 
                                  persons            similarly                  situated           
                                                                          Plaintiffs,              
O.  94-CV-
                                            V.                                                     
                                                                                                   
ACTION
                                  O'BRIEN            ENVIRONMENTAL  ENERGY,                        
                                  INC.,            FRANK  I,.  O'BRIEN                     III,    
RIAL  DEMANDED
                                  JOEL  D.  COOPERMAN,  WILLIAM  FORMAN,  :
                                  BRUCE  L.  LEVY,  and  SANDERS  NEWMAN  :
                                                                          Defendants,

                                                      .- :                                &ASS 

                                                               Plaintiffs,.               by  their
      for  their
                                  Complaint                    as  follows:


                                                                                           NATURE 
                                                               1. This  action  seeks  redress  on
                                  and  all  persons                         similarly              
              for  losses'they

                                  sustained                    as  a  result              of 
            statements          and
I                                 omissions                    of  material               facts    
           their     purchases          of
                                  convertible                          subordinated                
           Environmental
                                  EneFgy,              Inc.             ("O'Brienlt           or 
                the  period
                                  September                     18,  1992  through                 


                                                                                         

SNIPPETS:
  • June 23, 1993, at $112.75 per debenture.
  • carry-forwards.
  • very rewarding."
  • 1993 and 1994 and any interim
  • pipeline.
  • stock.

  • 2 . COMPLAINT

    EXTRACTED KEY WORDS
    SLOW MOVING INVENTORY
    INSIDER
    STOCK
    REVENUES
    DEFERRED INCOME
    CHARGE
    GAINS
    LOSSES
    EXCHANGE
    WILLIAM FORMAN
    COOPERMAN
    JOEL
    STATES DISTRICT COURT
    UNITED STATES DISTRICT
    TON UNITED STATES
    
        1
    TON  UNITED  STATES  DISTRICT  COURT
                                     EASTERN  DISTRICT  OF  PENNSYLVANIA                               
    
     ALAN  G.  STEVENS,  on  behalf                            of               :
     himself            and  all  persons             similarly                 :
     situated,                                                                  : :
                                  Plaintiff,                                    : :                    
                 V.                                                             : :                    
     O'BRIEN  ENVIRONMENTAL  ENERGY,                                            . .
     INC.,         FRANK  L.  O'BRIEN  III,                                     :                      
     JOEL  D.  COOPERMAN,  WILLIAM  FORMAN,  :
     BRUCE  L.  LEVY,  SANDERS  NEWMAN  and                                     :
     MORGAN  GUARANTY  TRUST  CO.;                                              : :
                                   Defendants.                                  :
    
                                                 CLASS  ACTION  COMPLAINT
                                                                                          --.
                                                                                        `i.
                          Plaintiff,;by               his  counsel,                       alleges      
     follows:
    
    
                                                     NATURE  OF  THE  CLAIMS
                           1.      This  action                 seeks  redress                         
    
      and  all  persons               'similarly               situated                 ("the  Class") 
      sustained            as  a  result              of  defendants'                            
                                     a
      omissions            of  material              facts             in  connection                  
                                                                                                    .
      Class  of  the  Class  A  common  stock  of  O'Brien                                             
      Inc.         (~~O~Brien~~  or  "the  Company"),                                   and  based  on 
      of  such  stock  by,  certain                            individual                      
      Morgan  Guaranty                Trust  Co.
    
    
                                                 JURISDICTION                   AND  VENUE
                           2.       This         Court                has     jurisdiction             
      pursuant            to  28  U.S.C.              5  1331  and  pursuant                           
    
    
    
    Securities           Exchange  Act  of..l934,                     as  amended  ("the  Exchange     
    15  U.S.C.         5  78aal(l).
                       3.           Plaintiff       brings            this          action         for 
    Sections         10(b)  and  20  of  the  Exchange  Act,  15  U.S.C.                               
    and  Securities                     and  Exchange             Commission                   
    promulgated               thereunder,         15  U.S.C.            5  240.10b-5(l)-(3).
    
    SNIPPETS:
  • TON UNITED STATES DISTRICT COURT
  • JOEL D. COOPERMAN, WILLIAM FORMAN,:
  • Exchange.
  • gains.
  • result in a charge to operations and an increase in deferred income
  • revenues.
  • with the stock having traded as high as
  • which was not by an insider."
  • damage proceeds.
  •    |