Lawsuit Overview
Company
Security
OTC: TUBM
Case Name
Tube Media Corporation Case 9/19/2007
Type of Lawsuit
Shareholder Class Action
Class Period Begin
Class Period End
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Settlement Overview
Date Settled
Date Settled
Settlement Amount
$600,000.00
Deadline to Participate in Settlement
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Summary
<p align= justify >According to a press release dated September 19, 2007, the complaint alleges that Tube Media, and certain of its officers and directors, violated the Securities Exchange Act of 1934. During the class period, defendants made false public statements and omitted material information about Tube Media’s failure to pay employee payroll taxes to the government. The Company also failed to account properly on its financial statements for compensation expense. Tube Media currently trades at $0.015.</p>
Date Settled