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In re DVI, Inc. Securities Litigation
USDC ED Pennsylvania
Background
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 Litigation
background
- In re DVI, Inc. Securities Litigation
- USDC ED Pennsylvania (Philadelphia)
2:03-cv-05336-LDD
- Honorable Legrome D. Davis
- Filed 9.23.03
- Allegations of a series of GAAP violations, such
as the failure to write
down assets and the recognition of non-collectible income, and that defendants
overstated revenues
and earnings, pleaded extreme recklessness and satisfied the Rule 10b-5 scienter
pleading requirement
Lead
plaintiffs
- Cedar Street Fund, Cedar Street Offshore Fund
and Kenneth Grossman
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Motion to
Dismiss Granted in part and denied in part
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Motion
to dismiss
Opinion
- Order 5.31.05 2005 U.S. Dist. LEXIS
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Motion for Class Certification Granted
SEC_CODE_REF_0090001192884
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Ruling
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Settlement
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Settlement
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Counsel
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Lead
plaintiff
- Krislov
- Chimicles & Tikellis
Defense
counsel
- Cadwalader
- Akin Gump
- Mayer Brown
- Kellog Huber
- Cooley Godward
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Related Topics
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