Exodus Communications Inc. Case 07/15/2008

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Company Name(s): 
Exodus Communications
Case Name: 
Exodus Communications Inc. Case 07/15/2008
Case Status: 
Lawsuit Filed
Case Status: 
Judgment Issued
Case Status: 
Settlement Proposed
Case Status: 
Settlement Approved
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
07/12/2001
Class Period Begin: 
04/20/2000
Class Period End: 
09/25/2001
Court of Filing: 
United States District Court for the Northern District of California
Date Settled: 
07/15/2008
Settlement Amount: 
$5,000,000
Deadline to Participate in Settlement: 
11/05/2008
Summary: 

Judge Maxine Chesney of the U.S. District Court for the Northern District of California granted the preliminary approval for the $5 million settlement in a seven year long and more than a year after a court of appeals stepped into the fray securities class action against former Web hosting firm Exodus Communications Inc.