Ask Jeeves, Inc. CASE INFORMATION
Summary: According to a Press Release dated Oct. 26, 2001, a complaint alleging violations of Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. On or about June 30, 1999, Ask Jeeves commenced an initial public offering of 3,000,000 of its shares of common stock at an offering price of $14 per share (the Ask Jeeves IPO). In connection therewith, Ask Jeeves filed a registration statement, which incorporated a prospectus (the Prospectus), with the SEC. The complaint further alleges that the Prospectus was materially false and misleading because it failed to disclose, among other things, that: (i) Morgan Stanley & Co. Incorporated and FleetBoston Robertson Stephens, Inc. had solicited and received excessive and undisclosed commissions from certain investors in exchange for which Morgan Stanley & Co. Incorporated; and FleetBoston Robertson Stephens, Inc. allocated to those investors material portions of the restricted number of Ask Jeeves shares issued in connection with the Ask Jeeves IPO; and (ii) Morgan Stanley & Co. Incorporated and FleetBoston Robertson Stephens, Inc. had entered into agreements with customers whereby the Underwriter Defendants agreed to allocate Ask Jeeves shares to those customers in the Ask Jeeves IPO in exchange for which the customers agreed to purchase additional Ask Jeeves shares in the aftermarket at pre-determined prices.
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INDUSTRY CLASSIFICATION:
SIC Code: 7389
Sector: Services
Industry: Business Services
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COMPANY/ISSUER NAME: Ask Jeeves, Inc.
COMPANY/ISSUER TICKER: ASKJ
COMPANY WEBSITE: askjeeves.com
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FIRST IDENTIFIED COMPLAINT IN THE DATABASE
Turroff, et al. v. Ask Jeeves, Inc., et al.
COURT: S.D. New York DOCKET NUMBER: 01-CV-9422
JUDGE NAME: the Hon. Shira A. Scheindlin
DATE FILED: 10/24/2001 SOURCE: Business Wires
CLASS PERIOD START: 06/30/1999 CLASS PERIOD END: 12/06/2000
TYPE OF COMPLAINT: Unamended/Unconsolidated
PLAINTIFF FIRMS IN THIS OR SIMILAR CASE:
Bernstein Liebhard & Lifshitz LLP
10 E. 40th Street, 22nd Floor, New York, NY, 10016
(voice) 800.217.1522, (fax) , info@bernlieb.com
Milberg Weiss Bershad Hynes & Lerach, LLP (New York, NY)
One Pennsylvania Plaza, New York, NY, 10119-1065
(voice) 212.594.5300, (fax) ,
Schiffrin & Barroway, LLP
3 Bala Plaza E, Bala Cynwyd, PA, 19004
(voice) 610.667.7706, (fax) 610.667.7056, info@sbclasslaw.com
Sirota & Sirota, LLP
110 Wall Street 21st Floor, New York, NY, 10005
(voice) 888.759.2990, (fax) 212.425.9093, Info@SirotaLaw.com
Stull, Stull & Brody (New York)
6 East 45th Street, New York, NY, 10017
(voice) 310.209.2468, (fax) 310.209.2087, SSBNY@aol.com
Wolf, Haldenstein, Adler, Freeman & Herz LLP
270 Madison Avenue, New York, NY, 10016
(voice) 800.575.0735, (fax) , classmember@whafh.com
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TOTAL NUMBER OF PLAINTIFF FIRMS: 6
DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Class Action Complaint for Violations of the Federal Securities Laws
Type: Complaint Date on the document: 10/24/2001
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