VIDEOLAN TECHNOLOGIES CLASS ACTION LITIGATION


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Keywords & Phrases

CaseNo: VTCAL235542, CourtName: CLASS ACTION II, State: KY Kentucky, UniqueCaseRef: LCD>VTCAL235542, Videolan, Warrants, Securities, Common Stock, Complaint, Act, United States District, States District Court, Public Statements, Steven Shaw, Brent Berti, Class Period, Samsung Agreement, Videolan Technologies, United States, Representations, Rothenberg, Vernon Jackson, Federal Securities Laws, Exchange Act, Ted Ralston, Peter Beck, Louisville, Market Price, Misrepresentations, Times Relevant, Certification, Heyburn, Judge John, Entry, Dismiss, Motion, Docket, Dft, Conference , ContentID: 120251987

Case Documents

COMPLAINT
[ see first page and extracted highlights below ] ItemID: 126497

13 pages
TXT

1998-04-13

DOCKET
[ see first page and extracted highlights below ] ItemID: 126498

13 pages
TXT

Total Documents: 2 documents , 26 pages

Price: $ 24.95

IVESLCD01 KGI0001

1 . COMPLAINT

EXTRACTED KEY WORDS

VIDEOLAN
PLAINTIFFS
WARRANTS
SECURITIES
COMMON STOCK
COMPLAINT
ACT
UNITED STATES DISTRICT
STATES DISTRICT COURT
PUBLIC STATEMENTS
STEVEN SHAW
BRENT BERTI
MEMBERS
CLASS PERIOD
SAMSUNG AGREEMENT
VIDEOLAN TECHNOLOGIES
UNITED STATES
REPRESENTATIONS
ROTHENBERG
VERNON JACKSON
FEDERAL SECURITIES LAWS
EXCHANGE ACT
TED RALSTON
PETER BECK
LOUISVILLE
MARKET PRICE
MISREPRESENTATIONS
TIMES RELEVANT
CERTIFICATION

                    IN THE UNITED STATES DISTRICT COURT
                        WESTERN DISTRICT OF KENTUCKY
                            LOUISVILLE DIVISION

   -------------------------------------------------------
   BRENT BERTI and STEVEN SHAW,
   individually and on behalf of all others
   similarly situated,

                         Plaintiffs,

              - v. -

   VIDEOLAN TECHNOLOGIES, INC.,
   JOHN HAINES, PETER BECK, STEVEN
   ROTHENBERG, VERNON JACKSON and
   TED RALSTON,

                         Defendants.
   -------------------------------------------------------

   :
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   :
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   :
   :
   :
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   :
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   Civil Action No. (97-CV-00296)
   CLASS ACTION COMPLAINT
   JURY TRIAL DEMANDED
   MAY 9, 1997

   Plaintiffs, by their attorneys, for their Class Action Complaint (the
   "Complaint"), allege the following upon personal knowledge as to
   themselves and to their own acts and upon information and belief as to
   all other matters, based in part upon the investigation of Plaintiffs
   attorneys, including, among other things, the review and analysis of
   public statements, publicly-filed documents of Videolan Technologies,
   Inc. ("Videolan" or the "Company"), press releases and news articles.

SNIPPETS:

CLASS ACTION COMPLAINT JURY TRIAL DEMANDED MAY 9,

Plaintiffs, by their attorneys, for their Class Action Complaint, allege the following upon

This is a securities class action on behalf of public investors who purchased the common

This case involves false representations made by the Defendants to the investing public that

Defendants' misrepresentations regarding the Samsung Agreement created the illusion that

The misrepresentations caused the price of Videolan's stock to increase dramatically, and the

This Court has jurisdiction over this action pursuant to Section 27 of the Securities

Videolan is headquartered in this District in Louisville, Kentucky, and many of the acts

In connection with the wrongs alleged herein, Defendants used the instrumentalities of

Plaintiff Brent Berti purchased Videolan Securities during the Class Period and was damaged

Plaintiff Steven Shaw purchased Videolan Securities during the Class Period and was damaged

At all times relevant to this action, Defendant Ted Ralston was the Chairman of Videolan's

At all times relevant to this action, Defendant Steven Rothenberg was the Vice President

Defendant Vernon Jackson was President of Videolan from May 1994 to January 1996.

At all times relevant to this action, Defendant Peter Beck was employed as Videolan's Chief

As officers, directors and/or controlling persons of a company which is registered with the ct any previously issued statements from any source which were materially misleading or untrue, so

The Defendants' representations during the Class Period violated these specific requirements

My transactions in the common stock and warrants of Videolan Technologies, Inc. during the

During the three years prior to the date of this Certificate, I have sought to serve as a

2 . DOCKET

EXTRACTED KEY WORDS

JUDGE JOHN
PLAINTIFF
ENTRY
DISMISS
MOTION
COUNSEL
DOCKET
DFT
CONFERENCE
VIDEOLAN TECHNOLOGIE
DEFENDANT
CONSOLIDATED AMENDED COMPLAINT
RESPONSE
DISM
AGREED ORDER
COURT
DISTRICT
MATTER
TELEPHONE CONF
ABATEMENT
PLEADING
MOT
RESP
EXTENDING
EXTENTION
REMARK AGREED ORDER
PARRY
RON
CAPITAL LENDING NETWORKS

Docket as of April 13, 1998 (retrieved 5/2/98)

Proceedings include all events.                                          LEADTR
3:97cv296     Berti, et al v. Videolan Technologie, et al         CSSTAY
                                                                         FILESB
                                                            LEADTR CSSTAY
                                                            FILESB
                       U.S. District Court
            Western District of Kentucky (Louisville)

               CIVIL DOCKET FOR CASE #: 97-CV-296

Berti, et al v. Videolan Technologie, et al                 Filed: 05/09/97
Assigned to: Judge John G. Heyburn, II       Jury demand: Both
Demand: $0,000                               Nature of Suit:  850
Lead Docket: None                            Jurisdiction: Federal Question
Dkt# in other court: None

Cause: 28:1331 Fed. Question: Securities Violation


BRENT BERTI                       Ron R. Parry
     plaintiff                    (COR LD NTC)
                                  Arnzen, Parry & Wentz
                                  128 E. Second Street
                                  P.O. Box 472
                                  Covington, KY 41012-0472
                                  606-431-6100
                                  FTS 431-3778

                                  Andrew M. Schatz
                                  (COR LD NTC)
                                  Jeffrey S. Nobel
                                  (COR LD NTC)
                                  Schatz & Nobel
                                  216 Main Street
                                  Hartford, CN 06106
                                  860-493-6292

                                  Mark C. Gardy
                                  (COR LD NTC)
                                  Karin E. Fisch
                                  (COR LD NTC)
                                  Abbey, Gardy & Squitieri
                                  212 E. 39th Street
                                  New York, NY 10016
                                  212-889-3700

SNIPPETS:

Docket as of April 13,

U.S. District Court

Western District of Kentucky

Assigned to: Judge John G. Heyburn,

CAPITAL LENDING NETWORKS, INC. Ron R. Parry

12/23/97 -- REMARK agreed order for extention

12/23/97 13 AGREED ORDER by Judge John G. Heyburn II extending till

1/23/98 for plaintiff to resp to mot to dism (cc:

counsel)

1/23/98 14 RESPONSE by plaintiff to motion to dismiss plaintiffs

consolidated amended complaint; order tendered