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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) January 27, 1999
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SABRATEK CORPORATION
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(Exact Name of Registrant as Specified in Its Charter)
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<S> <C> <C>
Delaware 1-11831 36-3700639
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
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8111 North St. Louis, Skokie, Illinois 60076
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(Address of Principal Executive Offices (Zip Code)
(847) 720-2400
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5: Other Events
Sabratek Corporation, a Delaware corporation (the "Company"), was served
with a complaint on January 27, 1999, alleging that the Company and certain
officers violated Sections 10(b) (and Rule 10b-5 promulgated thereunder) and
20(a) of the Securities Exchange Act of 1934. The complaint alleges that
defendants issued a series of false and misleading statements concerning the
Company's business, its products and its prospects for future profitability.
The complaint seeks to recover damages on behalf of all persons who
purchased shares of the Company's common stock between January 13, 1998 and
November 24, 1998, although no court has determined that such persons constitute
a proper class. The complaint was filed in the United States District Court for
the Northern District of Illinois (Chu v. Sabratek Corporation, et al., Docket
No. 99 C 0351). Neither the Company nor the individual defendants have yet
responded to the complaint, but all parties intend to vigorously defend against
the allegations contained in the complaint.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: February 2, 1999 By: /s/ Stephen L. Holden
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President
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