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Saltzman v. Jones Soda Company et al
USDC WD Washington
Disclosure
Background
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 Company
background
Litigation
background
- Saltzman v. Jones Soda Company et al
- USDC WD Washington (Seattle) 2:07-cv-01366-RSL
- Hon Robert S. Lasnik
- Filed 9.03.07
Lead
plaintiffs
SEC
disclosure
- Form 10-Q
8.08.08 at page 26
On September 4, 2007, a putative class action complaint was filed against us,
our CEO, and our CFO in the U.S. District Court for the Western District of
Washington, alleging claims under Section 10(b) and 20(a) of the Securities
Exchange Act of 1934, as amended, and Rule 10b-5 promulgated thereunder. The
case is entitled Saltzman v. Jones Soda Company, et al., Case No.
07-CV-1366-RSL, and purports to be brought on behalf of a class of purchasers of
our common stock during the period March 9, 2007, to August 2, 2007. Six
substantially similar complaints subsequently were filed in the same court, some
of which allege claims on behalf of a class of purchasers of our common stock
during the period November 1, 2006, to August 2, 2007. Some of the subsequently
filed complaints added as defendants certain directors and another officer of
the Company. The complaints generally allege violations of federal securities
laws based on, among other things, false and misleading statements and omissions
about our financial results and business prospects. The complaints seek
unspecified damages, interest, attorneys fees, costs, and expenses. On October
26, 2007, these seven lawsuits were consolidated as a single action entitled In
re Jones Soda Company Securities Litigation, Case No. 07-cv-1366-RSL. On March
5, 2008, the Court appointed Robert Burrell lead plaintiff in the consolidated
securities case. On May 5, 2008, the lead plaintiff filed a First Amended
Consolidated Complaint, which purports to allege claims on behalf of a class of
purchasers of our common stock during the period of January 10, 2007, to May 1,
2008, against the Company and Peter van Stolk, our former Chief Executive
Officer, former Chairman of the Board, and current director. The First Amended
Consolidated Complaint generally alleges violations of federal securities laws
based on, among other things, false and misleading statements and omissions
about our agreements with retailers, allocation of resources, and business
prospects. Defendants filed a motion to dismiss the amended complaint on July 7.
The motion is scheduled to be fully briefed and submitted for consideration in
early October.
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Claims
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Complaint
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Lead Plaintiff and Counsel Appointed
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Motions
to appoint
Order
- order regarding
appointment of lead
plaintiff and lead counsel
- order appointing lead plaintiff and lead counsel
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Motion to Dismiss Pending
SEC_CODE_REF_0090001192884
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Motion
to dismiss
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Counsel
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Lead
plaintiff
Company
defense
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Related Topics
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