Thank you for sharing!

Your article was successfully shared with the contacts you provided.
SECURITIES a class of common stock owners in Nanophase Technology Corp. who claimed that the Romeoville, Ill., company released false or misleading financial statements will share a $2.5 million settlement. The class members purchased stock in the period between an announcement of increased first quarter revenues and a subsequent announcement that, due to the failure of a transaction, the company had to reverse the previously reported revenue. The plaintiffs also alleged that certain officers dumped a total of 43,000 shares in the company just before the latter announcement. Nanophase denied any wrongdoing, but on June 11, agreed to the settlement, which is subject to notification of the class and court approval. Tatz v. Nanophase Technologies Corp., No. 01-CV-8440 (N.D. Ill.). PLAINTIFFS’ ATTORNEYS: Lionel Z. Glancy, Michael M. Goldberg, Robin Howald and Richard M. Rothenberg, Glancy & Binkow, Los Angeles DEFENSE ATTORNEY: David L. Weinstein, Wildman, Harrold, Allen & Dixon, Chicago

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

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

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.