Wednesday, June 14, 2006

"Vigorous Defense" Successful!

According to a press release issued today, Judge William C. Griesbach of the United States District Court of the Western District of Wisconsin has dismissed, in its entirety, the consolidated securities class action pending against Great Wolf Resorts, Inc., and certain of Great Wolf's officers as well as the underwriters of the company's 2004 initial public offering.

Back in November 2005, when the suit was first filed, a Great Wolf spokesperson stated:
We believe this suit has no merit, and we intend to vigorously defend it.
Readers may recall that both Bruce Carton and I have previously noted the uniform choice of the "vigorous defense" language in corporate press releases. This is the first instance that I can recall where the company's self-professed "vigorous defense" was successful. The wire services have been alerted and are now prepared for the avalanche of these releases that will surely follow.

Great Wolf is the largest owner, operator and developer in the United States of drive-to family resorts featuring indoor waterparks. You can find a resort near you here.

Lead counsel in the case was Schiffrin & Barroway, LLP.

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