Civil

Article excerpt

(72897) NOTICE OF DISMISSAL OF CLASS ACTION Case No. CIV-85-1676-A In the United States District Court for the Western District of Oklahoma. William Lee Beasley, individually; William Lee Beasley as Trustee of the William Lee Beasley, D.D.S., M.S., P.C. Profit Sharing Trust; William Lee Beasley as Trustee of the William Lee Beasley, D.D.S., M.S., P.C., Em ployees' Pension Plan; and Florine Allen as Trustee of the William L. Beasley Children's Trust, on behalf of plaintiffs themselves and all others similarly situated, Plaintiffs, v. Rooney Pace, Inc., a Delaware corporation; Rooney Pace Group, Inc., a Delaware corporation; Patrick Rooney; and Randolph Pace, Defendants. TO: All Purchasers of American Educational Computer, Inc. ("AEDC") common stock and Allied Nursing Care, Inc. ("Allied") common stock, whose stock was held by Rooney, Pace Inc. ("RPI") between January 31st, 1985 and February 4th, 1985 (the "Alleged Class") PLEASE READ THIS NOTICE CARE FULLY AND IN ITS ENTIRETY. IT CONCERNS THE DISMISSAL OF LITIGATION WHICH MAY AFFECT YOUR RIGHTS. NOTICE IS HEREBY GIVEN pursuant to an Order of the United States District Court for the Western District of Oklahoma (the "Court") and pursuant to Rule 23(e) of the Federal Rules of Civil Procedure, that on or after February 28th, 1986, the Court will enter an Order dismissing the above-captioned action (the "Ac tion") pursuant to a Stipulation of Settlement between the individual plaintiffs and the defendants named in the Action. The Action was commenced in June 1985 by plaintiffs William Lee Beasley individually and as trustee of the William Lee Beasley, D.D.S., M.S., P.C., Profit Sharing Trust, and of the William Lee Beasley, D.D.S., M.S., P.C. Em ployees' Pension Plan, and Florine Allen as trustee of the William Lee Beasley Children's Trust, on behalf of themselves and all others similarly situated. Defendants are Rooney, Pace Inc. ("RPI"), Rooney, Pace Group, Inc., Patrick Rooney and Randolph Pace. The allegations of the Complaint, which are made on behalf of the Alleged Class, are as follows: Count I of the Complaint alleges that RPI was negligent in that it failed to adequately supervise the activities of the brokers in its Oklahoma City office. Count II alleges that RPI and the other defendants breached a contract to manage plaintiffs' portfolios in a prudent manner. …

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