Replies to post #33054 on Decision Diagnostics Corp (DECN)

[Alydyr]

The class action fraud litigation against Access Health Net, et al…..case was settled for $7,350.000 on January 22, 2001.

So, the shareholders "paid" and I'm confident that the litigation attorney's did very well.

....................

Case Summary
Access HealthNet, Inc. Securities Litigation
Case Summary
Case Status: SETTLED
On or around 01/22/2001 (Date of order of final judgment)
Filing Date: December 27, 1996
According to the Order, dated January 8, 2001, by U.S. District Judge Gary L. Taylor, the settlement of $7,350,000 is approved and the case is dismissed with prejudice. The case is closed.

In a Press Release, dated 12/27/96, a class action was filed involving a course of conduct by Access HealthNet insiders, officers and directors of the Company and the Company's auditors and United States Securities and Exchange Commission counsel that was designed to and did defraud those who purchased Access HealthNet securities during the Class Period, in violation of the federal securities laws. The Complaint alleges that defendants used manipulative devices and disseminated false financial statements and other false and misleading information about Access HealthNet's business, all of which was designed to and did: (a) artificially inflate the price of Access HealthNet securities during the Class Period; (b) induce investors to purchase shares of Access HealthNet stock; (c) allow certain defendants to sell or offer to sell millions of dollars of their own Access HealthNet shares at artificially inflated levels; and (d) allow defendants to sell or offer to sell millions of dollars of Access HealthNet securities to private investors in various private placement transactions.
Company & Securities Information

http://securities.stanford.edu/filings-case.html?id=101507

[deafelephant]

Access HealthNet, Inc. Securities Litigation

Case Status: SETTLED
On or around 01/22/2001 (Date of order of final judgment)

Filing Date: December 27, 1996

According to the Order, dated January 8, 2001, by U.S. District Judge Gary L. Taylor, the settlement of $7,350,000 is approved and the case is dismissed with prejudice. The case is closed.

In a Press Release, dated 12/27/96, a class action was filed involving a course of conduct by Access HealthNet insiders, officers and directors of the Company and the Company's auditors and United States Securities and Exchange Commission counsel that was designed to and did defraud those who purchased Access HealthNet securities during the Class Period, in violation of the federal securities laws. The Complaint alleges that defendants used manipulative devices and disseminated false financial statements and other false and misleading information about Access HealthNet's business, all of which was designed to and did: (a) artificially inflate the price of Access HealthNet securities during the Class Period; (b) induce investors to purchase shares of Access HealthNet stock; (c) allow certain defendants to sell or offer to sell millions of dollars of their own Access HealthNet shares at artificially inflated levels; and (d) allow defendants to sell or offer to sell millions of dollars of Access HealthNet securities to private investors in various private placement transactions.

http://securities.stanford.edu/filings-case.html?id=101507