Federal Securities Action definition
Examples of Federal Securities Action in a sentence
Although the outcome of this proceeding cannot be predicted, based on the allegations contained in the complaint, the Company has advised Purchaser that it believes that the Federal Securities Action will not have a material adverse effect on the financial condition, results of operations or cash flows of the Company.
The Federal Securities Action was purportedly brought on behalf of all Stockholders who purchased or otherwise acquired the Company's Common Stock during the period August 6, 1997 to September 29, 1998.
The complaint in the Federal Securities Action alleges violations of various federal securities laws, including misrepresentations of certain information about the Company.
As soon as practicable after the Effective Date, but in no event later than two (2) business days after the date of this Agreement, the Company shall file the stipulations for the Federal Securities Action and the Cross-Claim in the Queens Action with those respective courts.
Upon the execution of this Agreement, the Parties will execute and deliver to each other’s counsel stipulations and/or agreed motions of dismissal dismissing the following pending actions with prejudice: (i) the Federal Securities Action; (ii) the ▇▇▇▇ Delaware Action; and (iii) the Cross-Claims in the Queens Action.
The complaint in the Federal Securities Action seeks damages in unspecified amounts.