WORLDPORT COMMUNICATIONS CLASS ACTION LITIGATION


\|

Keywords & Phrases

CaseNo: WCCAL262148, CourtName: CLASS ACTION II, State: GA Georgia, UniqueCaseRef: LCD>WCCAL262148, 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, Entry, States District Court, Vice President, Shb, Net Income, Underwriter, Chief Operating Officer, Plas, Consolidating, Lead Plas, Hac Vice, Pro, Consent Order, Svc, Dfts , ContentID: 120252006

Case Documents

1999-09-24

DOCKET
[ see first page and extracted highlights below ] ItemID: 126549

3 pages
TXT

1997-12-17

COMPLAINT
[ see first page and extracted highlights below ] ItemID: 126548

18 pages
HTML

Total Documents: 2 documents , 21 pages

Price: $ 24.95

IVESLCD01 KGI0001

1 . DOCKET

EXTRACTED KEY WORDS

SHB
PLAS
CONSOLIDATING
LEAD PLAS
HAC VICE
PRO
PLAINTIFF
CONSENT ORDER
COURT
SVC
DFTS
PROPOSED CONSENT ORDER
CLARENCE COOPER APPROVING
JUDGE CLARENCE COOPER
ARTHUR STOCK
AMENDED COMPLAINT
DEFENDANT
SAVETT
SHERRIE
DISTRICT COURT
WORLDPORT COMMUNICATIONS
DOCKET
RESPONSE
COUNSEL
ENDORSED ORDER
ADMISSION
AAR
FILING
SECURITIES

Docket as of September 24, 1999 (retrieved 9/27/99)

Proceedings include all events.
1:99cv1817 In re Worldport Comm v. , et al
                                                                  4 mos.
                                                            4 mos.
                       U.S. District Court
U.S. District Court for the Northern District of Georgia (Atlanta

               CIVIL DOCKET FOR CASE #: 99-CV-1817

In re Worldport Comm v. , et al                             Filed: 07/14/99
Assigned to: Judge Clarence Cooper           Jury demand: Plaintiff
Demand: $0,000                               Nature of Suit:  850
Lead Docket: None                            Jurisdiction: Federal Question
Dkt# in other court: None

Cause: 15:78 Securities Exchange Act


MARIE DOMOSIARIS, on behalf of    Sherrie R. Savett, phv
herself and all others            (COR LD NTC)
similarly situated                Arthur Stock, phv
     plaintiff                    (COR LD NTC)
                                  Berger & Montague
                                  1622 Locust Street
                                  Philadelphia, PA 19103-6365
                                  215-875-3000

                                  Martin D. Chitwood
                                  (COR LD NTC)
                                  Alan R. Perry, Jr.
                                  (COR LD NTC)
                                  John O'Shea Sullivan
                                  (COR LD NTC)
                                  Chitwood & Harley
                                  1230 Peachtree Street, N.E.
                                  2900 Promenade II
                                  Atlanta, GA 30309
                                  404-873-3900


   v.


WORLDPORT COMMUNICATIONS, INC.
     defendant

SNIPPETS:

Docket as of September 24,

U.S. District Court for the Northern District of Georgia (Atlanta

Cause: 15:78 Securities Exchange Act

MARIE DOMOSIARIS, on behalf of Sherrie R. Savett, phv

WORLDPORT COMMUNICATIONS, INC. defendant

RECEIPT # 441800 (Entry date 07/16/99)

7/14/99 2 ANSWERS TO MANDATORY DISCLOSURES by plaintiff (aar)

8/20/99 3 Application for admission of Sherrie R. Savett, pro hac

vice for plaintiff (shb)

hac vice application for Arthur Stock.

9/9/99 -- Proposed Consent Order to consolidated related cases.

9/10/99 -- ENDORSED ORDER by Judge Clarence Cooper APPROVING pro

9/10/99 6 Notice of Filing Original Declaration of Arthur Stock by

9/22/99 7 CONSENT ORDER by Judge Clarence Cooper consolidating cases

Worldport Communications, Inc. Securities Litigation, Case

an Order appointing lead plas and lead plas' counsel,

shall file and serve a consolidated amended complaint; Dfts

Plas have days from the date of svc of the

date of svc of plas' response to file a reply.

2 . 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