| Company: | Commonwealth Energy Corporation |
| Class Period: | November 2000 to December 17, 2002 |
| Court: | Central District, CA |
| Date Filed: | Dec-17-02 |
| Allegations: |
On November 14, 2002, Hon. James M. Brooks of the California Superior Court for the County of Orange preliminarily ruled that Saline's shares were illegally issued and void as a matter of law.
The Complaint also alleges that since at least October 2001 Saline has made false statements concerning Commonwealth in formal proxy solicitations and elsewhere in order to fraudulently obtain proxies, has interfered with shareholder voting at Commonwealth's annual meeting, and has breached his fiduciary obligations to Commonwealth and its shareholders.
If you feel you qualify for damages or remedies that might be awarded in this class action please fill in our form on the right to submit your complaint.
If your injustice does not match the complaint described above, please use this form to register your complaint. Thank you.
