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DALEY v KENDALL SQUARE RESEARCH CORP Click to find out why . . .



Keywords & Phrases
CaseNo: DVKSRC180690, CourtName: MA DC, Plaintiff: DALEY, UniqueCaseRef: LCD>DVKSRC180690, Kendall, Stock, Acts, Common Stock, Market, Defendant Burkhardt, Securities, Revenues, Price, Damages, Parties, Shares, Misleading, Dissemination, Investing, Allege, Cents, Reside, Finances, Exchange Act, Purchases, Projections, Facts, District, Suit, Government, Reckless, Earnings, Participation, Koch, Officer, Report, Usc, Nature, Citizenship, Square, Daley, Local Rules, Rhe, Sheet, Demand, Judge, Drug, Mner, Injury, Personalproperty, Pursuant, Statute, Foreign, Ptf Def, Party, Ill, Liberty , ContentID: 120253989

Case Documents
1 1993-11-01 COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 130720
9 pages
PDF
2 1993-11-01 CIVIL COVER SHEET
[ see first page and extracted highlights below  ] ItemID: 130719
7 pages
PDF
Total Documents: 2 documents , 16 pages
Price: $ 24.95


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1 . COMPLAINT

EXTRACTED KEY WORDS
KENDALL
PLAINTIFFS
STOCK
ACTS
MEMBERS
COMMON STOCK
MARKET
DEFENDANT BURKHARDT
SECURITIES
REVENUES
PRICE
DAMAGES
SHARES
MISLEADING
DISSEMINATION
INVESTING
ALLEGE
CENTS
FINANCES
EXCHANGE ACT
PURCHASES
PROJECTIONS
FACTS
RECKLESS
EARNINGS
PARTICIPATION
KOCH
OFFICER
REPORT
  L  RONALD  DAIEY  AND  JOYCE D.
  DALEY,  JOINTOWNERS,                                                    s-FRAUD
                                                     Plaintiffs,     CLASS ACTION  (X&WI&W

                                V.                                    JURYTRIALDEMANDED

  KEINDALL      SQUARE                 mEARcH             CORP.,
  DR-LK-ANDHENRY
  B-T,                III

                                                   Defendants.



               Plaintiffs,  individually  and on behalf of all other persons similarly  situated,

undersigned attorneys, for their  complaint, allege upon personal knowledge as to themselves and

their own acts, and upon information  and belief  as to all other matters, based upon, inter uZi@
                                                                                                   

investigation  made by  and through  their  attorneys, which  investigation  included,  among other

things, a review  of the public  documents, analyst reports and news releases of Kendall  Square

Research Corp. ("Kendall"  or the "Company"):

                                                  N A

               1.             Plaintiffs bring this action as a class action on behalf of

other persons who purchased the stock of Kendall  on the open market during  the Class Period,

as defmed below,  to recover damages caused by  defendants' violations  of the federal securities

laws with  regards to  the  preparation  and dissemination to  the  investing  public  of  false 

misleading  information.


                                  tlURISDI~ON           AND  VJSNUE

               2.      The  claims  alleged  herein  arise under  Sections 10(b)  and  20  of  the

Securities Exchange Act  of  1934 (the "Exchange Act"),  15 U.S.C. $7Sj(b) and 78t, and Rule lob-

5, 17 C.F.R  5 24O.lOb-5 promulgated thereunder.

               3.      The jurisdiction  of this COLM is based on Section 27 of the Exchange Act,
SNIPPETS:
  • Plaintiffs, individually and on behalf of all other persons similarly situated, by their
  • undersigned attorneys, for their complaint, allege upon personal knowledge as to themselves
  • things, a review of the public documents, analyst reports and news releases of Kendall Square
  • other persons who purchased the stock of Kendall on the open market during the Class Period,
  • to recover damages caused by defendants' violations of the federal securities
  • Securities Exchange Act of 1934, 15 U.S.C. $7Sjand 78t, and Rule lob5, 17 C.F.R 5 24O.lOb-5
  • The jurisdiction of this COLM is based on Section 27 of the Exchange Act,
  • Many bf the acts alleged herein, including the dissemination to the
  • investing public of the misleading statements at issue, occurred in substantial part in this
  • 500 shares of Kendall common stock on September 27, 1993 at a price of $22.25 per share.
  • III was Chief Executive Officer
  • Defendants Burkhardt and Koch,
  • operations, finances and future prospects.
  • suffered damages as a result thereof.
  • Members of the Class are located in geographically diverse areas and are
  • that they purchased shares of Kendall common stock in the open market during the Class Period
  • Kendall's earnings and operating conditions;
  • The Company's earnings per share were 2 cents, compared to a net loss per share of 61 cents in
  • defendant Burkhardt said "e are
  • Revenues for the Company for its second fiscal quarter of 1993 were
  • During the Class period defendants made optimistic projections concerning
  • As a result of this optimistic projection the market price of Kendall
  • expected to report u loss in its third quarter ended Septem ber 25, 1993, on revenues
  • or but for their reckless disregard of facts readily
  • A compelling inference of defendants' knowing andor reckless participation
  • plainti& and the Class in connection with their purchases of Kendall common stock.

  • 2 . CIVIL COVER SHEET

    EXTRACTED KEY WORDS
    RESIDE
    PLAINTIFF
    COURT
    DISTRICT
    SUIT
    GOVERNMENT
    USC
    NATURE
    CITIZENSHIP
    SQUARE
    DEFENDANT
    DALEY
    LOCAL RULES
    RHE
    SHEET
    DEMAND
    JUDGE
    DRUG
    MNER
    INJURY
    PERSONALPROPERTY
    PURSUANT
    STATUTE
    FOREIGN
    PTF DEF
    PARTY
    ILL
    LIBERTY
    PEASE
    
    JS  44
    (Rev.  07m)                                                                                        
    VIL  COVER  SHEET
    The J5-U Ciufl  Cow  +mt  and  rhe  mformauon  contaIned  herew  pelther  replace  nor  wplemenr 
    ,err  as required  by  law.  except  as prQv,ded  by  local
    rules  of  Court.  This  form.  approved                              by  ths  Judicial            
    States  in  September                    1974.  is  resulrcd             for  rhe  use  qf  rhe 
                  of  ~n,r~arlng  the  cIyI~  dwcket
    sheet.  (SEE  INSTRUCTIONS                                  ON  THE  REVERSE                   OF 
    
    I  (@PLAINTIFFS                                               L.  Ronald  Daley  and  Joyce  D.
                                              DEFENDANTS                                            
     Research  cm-p.,
    Daley,  Joint  Owners,
                                              Dr.  William                                      I. 
                                                            III
    
    
    
    
    (b)  COUNTY  OF  RESIDENCE                                            OF  FIRST  LISTED            
                                              COUNTY             OF  RESIDENCE                        
                         MiddleSeX
                                                 (EXCEPT                   IN  U.S.  PLAINTIFF         
                                                                                                    
    ONLY)
    
                                              NOTE:            IN  LAND        CONDEMNATION            
                                    OF  THE
    
                                                               TRACT  OF  LAND                       
    
    
                                                                                                       
    (C)        AmORNEYS                     (FIRM              NAME.       ADDRESS,                AND 
                                              A~ORNEYS                 (IF  KNOWN)
    
             -NormanBerman                                                         Esq.
               Berman,                           DeVa!Lerio                                            
             One  Liberty                                                 Square
             Boston,                             MA  02109                                             
    
                                       L
    II.  BASIS  OF  JURISDICTION                                                                       
                                                                                                       
                                                                                                       
     ofan  Ill.  CITIZENSHIP                                                        OF  PRINCIPAL      
                                 ,P!JCE
    
    
    SNIPPETS:
  • CIVIL COVER SHEET The J5-U Ciufl Cow +mt and rhe mformauon contaIned herew pelther replace
  • except as prQv,ded by local rules of Court.
  • Research cm-p., Daley, Joint Owners,
  • IN U.S. PLAINTIFF
  • & Pease One Liberty
  • FOR FWNTIFF *NO ONE BOX Foci DEFENDANT/ 0 1 U.S. Government
  • Not a Party)
  • PTF DEF
  • in mis State Defendant
  • (Indicate CitizenshIp
  • Parties in Item Ill)
  • Foreign Country
  • STATUTE
  • Claims are pursuant to Sections 10 and 20 of Securities Exchange Act of 1934,
  • NATURE
  • OF SUIT
  • PERSONAL INJURY
  • d 620 Mner Food 8 Drug
  • propeny 21 USC BB,
  • PERsoNAlPROPERTY `;690
  • 370 Mner Fraud
  • JURY DEMAND:
  • UNITED STATE3 DISTRICT COURT
  • Kendall Square Research Corp.
  • RESIDE M THE CENTRAL
  •    |