Thank you for sharing!

Your article was successfully shared with the contacts you provided.
SECURITIES a company that makes communications technology products agreed on April 3 to pay $18 million to a class of shareholders and other litigants, who alleged that the company had doctored its financial records to inflate its value. Anicom Inc., of Rosemont, Ill., went bankrupt in 2001, soon after disclosing that it had overstated its income for the period between 1998 and 2000 by $35 million. Anicom admitted that its largest customer in 1999 was a fictitious company. Anicom’s bank lenders, creditors and shareholders sued four of the company’s top officials for securities and accounting violations. In re Anicom Inc. Securities Litigation, No. 00-C4391 (N.D. Ill.). PLAINTIFFS’ ATTORNEYS: Kenneth E. McNeil, Susman Godfrey, Houston; Douglas M. Hagerman, Foley & Lardner, Chicago; Keith Johnson, State of Wisconsin Investment Board; Lynn L. Sarko, Keller Rohrback, Seattle DEFENSE ATTORNEYS: Vincent J. Connelly, Mayer, Brown, Rowe & Maw, Chicago; Leo P. Cunningham, Wilson Sonsini Goodrich & Rosati, Palo Alto, Calif.; John J. Falvey Jr., Testa, Hurwitz & Thibeault, Boston; Michael D. Freeborn, Freeborn & Peters, Chicago Source: National Jury Verdict Reporter

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.