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Cases & Investigations
USN Communications, Inc. Securities Litigation

Overview
Overview

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

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.

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  1. Securities Litigation

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