Cases & Investigations
USN Communications, Inc. Securities Litigation
Type: Notable Cases
Case Number: 98-CV-7482
Class Period: 02/04/1998 to 11/03/1998
Stock Symbol: NASDAQ: (USNC)
Court: United States District Court for the Northern District of Illinois
Settlement Amount: $44,700,000
Danis v. USN Communications, Inc.
In Danis v. USN Communications, Inc., No. 98 C 7482 (N.D. Ill.) the Court approved a 2001 settlement Wolf Popper obtained on the eve of trial, expressly thanking Plaintiffs’ co-lead counsel “for all the work you have done and constructive results.” The settlement was obtained, notwithstanding the bankruptcy of the corporation, from defendant venture capitalists, limited insurance, and Merrill Lynch.
Contact Instructions