WESTBRIDGE CAPITAL CLASS ACTION LITIGATION


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Keywords & Phrases

CaseNo: WCCAL217864, CourtName: CLASS ACTION II, State: TX Texas, UniqueCaseRef: LCD>WCCAL217864, Westbridge, Securities, Reserve, Class Period, Class Action, Pending, Earnings, Revenues, Insurance, Raymond James, Notes Offering, Premiums, Securities Act, Federal Securities Laws, Violations, United States, Misleading, Westbridge Common Stock, Relevant Times, Pending Submitted Claims, Material Facts, Exchange Act, States District Court, Vice President, Net Income, Underwriter, Chief Operating Officer , ContentID: 120251998

Case Documents

1997-12-17

COMPLAINT
[ see first page and extracted highlights below ] ItemID: 126535

18 pages
TXT

Total Documents: 1 document , 18 pages

Price: $ 19.95

IVESLCD01 KGI0001

1 . COMPLAINT

EXTRACTED KEY WORDS

DEFENDANTS
SECURITIES
PLAINTIFF
RESERVE
CLASS PERIOD
CLASS ACTION
PENDING
EARNINGS
REVENUES
INSURANCE
RAYMOND JAMES
NOTES OFFERING
PREMIUMS
SECURITIES ACT
MEMBERS
FEDERAL SECURITIES LAWS
VIOLATIONS
UNITED STATES
MISLEADING
WESTBRIDGE COMMON STOCK
RELEVANT TIMES
PENDING SUBMITTED CLAIMS
MATERIAL FACTS
EXCHANGE ACT
STATES DISTRICT COURT
VICE PRESIDENT
NET INCOME
UNDERWRITER
CHIEF OPERATING OFFICER

                        UNITED STATES DISTRICT COURT
                         NORTHERN DISTRICT OF TEXAS
                              DALLAS DIVISION

   JAMES C. KARABEDIAN, Individually
   and On Behalf of All Others Similarly
   Situated,
                         Plaintiff,
              v.
   WESTBRIDGE CAPITAL CORP.,
   MARTIN E. KANTOR, JAMES W.
   THIGPEN, PATRICK J. MITCHELL,
   FORUM CAPITAL MARKETS L.P., and
   RAYMOND JAMES & ASSOCIATES,
   INC.,
                         Defendants.


















   Civil Action No.
   397CV2087-T
   (filed Dec. 17, 1997)
   JURY TRIAL DEMANDED


                    CLASS ACTION COMPLAINT FOR VIOLATION
                         OF FEDERAL SECURITIES LAWS


                           I. NATURE OF THE CASE

   1. Plaintiff brings this action as a class action on behalf of a class
   (the "Class") consisting of all persons or entities who purchased the

SNIPPETS:

UNITED STATES DISTRICT COURT

Plaintiff brings this action as a class action on behalf of a class consisting of all persons

Throughout the Class Period Westbridge reported financial results which materially overstated

During the Class Period, Westbridge increased its revenue from renewal premiums every

The jurisdiction of this Court is based on section 22 of the Securities Act, 15 U.S.C. § 77v;

The wrongs alleged herein occurred in substantial part in this District, including the offer

In connection with the acts and conduct alleged herein, defendants, directly and indirectly,

He was, at all relevant times, also Chief Executive Officer and Chairman of the Board of each

He was, at all relevant times, also President and Chief Operating Officer of each of NFL,

Defendant Patrick J. Mitchell was, at all relevant times, Chief Financial Officer and

Forum Capital was an "underwriter" of the Notes Offering within the meaning of the Securities