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The Rosen Law Firm Files Securities Class Action
Class Action News |
2007/11/17 17:18
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The Rosen Law Firm today announced that it has filed a class action lawsuit on behalf of all purchasers of Industrial Enterprises of America, Inc. ("IEAM" or the "Company") (NASDAQ: IEAM) (formerly IEAM.OB) stock during the period from November 14, 2006 through November 8, 2007 (the "Class Period"). To join the IEAM class action, go to the website at http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER. The case is pending in the United States District Court for the Southern District of New York as case no. 07-CV-10321. You can obtain a copy of the complaint from the clerk of court or you may contact counsel for plaintiffs Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com. The complaint charges that IEAM and certain of its present and former officers, directors, and control persons violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by issuing materially false and misleading statements pertaining to IEAM's business prospects and condition, and filing financial statements with the SEC materially false financial statements. On November 7, 2007 the Company announced that investors could no longer rely on its historical financial statements and that the Company had not properly followed generally accepted accounting principles, necessitating a revision of reported revenue, among other things. The Company also announced that it had suspended its CFO pending a review. As a result of these events, the Complaint asserts that the price of IEAM stock dropped, damaging investors. A class action lawsuit has already been filed on behalf of IEAM shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than January 15, 2008. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com. The Rosen Law Firm has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions. |
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Milberg Weiss Investigates 401(k) Savings Plan
Class Action News |
2007/11/14 23:17
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The law firm of Milberg Weiss LLP is investigating possible illegal conduct relating to The First American Corporation 401(k) Savings Plan. Specifically, Milberg Weiss is investigating whether certain fiduciaries of the plan may have violated the Employee Retirement Income Security Act of 1974 ("ERISA") in at least two ways: (1) by allowing employee participants to invest in First American common stock when it was not prudent to do so, and (2) by failing to disclose First American’s problems.
The Milberg investigation relates to certain facts alleged in the lawsuit filed on November 1, 2007 by the Attorney General of the State of New York against First American Corporation (NYSE:FAF) and its wholly-owned subsidiary, eAppraiseIT. The suit alleges that First American Corporation violated federal and state laws by conspiring with Washington Mutual to inflate real estate appraisals. Disturbingly, evidence collected by the Attorney General, including internal emails, are alleged to show that eAppraiseIT executives knew that their scheme was illegal.
If you have an individual account with The First American Corporation 401(k) Savings Plan and your account holds First American Corporation common stock, you may have legal claims under ERISA.
Milberg Weiss LLP has been representing individual and institutional investors for nearly 40 years and serves as lead counsel in federal and state courts throughout the United States. Please visit the Milberg Weiss website (http://www.milbergweiss.com) for more information about the firm. If you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact the following attorneys:
Lori G. Feldman
Anita B. Kartalopoulos
Milberg Weiss LLP
One Pennsylvania Plaza, 49th Fl.
New York, NY, 10119-0165
Phone number: (800) 320-5081
Email: contactus@milbergweiss.com
Website: http://www.milbergweiss.com |
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Peterson & Associates Advises Defibrilator Users
Class Action News |
2007/11/14 20:20
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Kansas City basedlaw firm, Peterson & Associates, P.C. (www.petersonlawfirm.com), is advising of recent news indicating the critical effects and possible death to those whom have a Medtronic Sprint Fidelis Defibrillator with faulty leads. The FDA issued a class I recall of Medtronic Sprint Fidelis Defibrillator leads because fractures have been detected in some leads. Models 6930, 6931, 6948 and 6949 are currently among the recall.
Reports have indicated that if a defibrillator lead breaks it may deliver unnecessary shocks or may fail to operate at all, which could result in death.
To determine if you have a defective lead, first research your card that identifies the model number of your defibrillator lead. Also, you can call your doctor who implanted your defibrillator and ask what types of leads were used with your defibrillator. Or, you may receive a letter from Medtronic.
If you believe you or someone you know has been a potential defibrillator lead, schedule a medical examination immediately. If you are amongst this recall you may be entitled to recover monetary compensation. All legal claims are subject to time limits so don't delay. A delay in filing a claim may result in the forfeiture and right you may have to compensation.
Peterson & Associates, P.C. is a leading products liability and personal injury law firm that has collected over $300 million in settlements and judgments for its clients. Headquartered in Kansas City, Missouri on the Country Club Plaza, Peterson & Associates, P.C., represents clients nationwide. Under the guidance of the firm's
president, David M. Peterson, Peterson & Associates, P.C. has collected compensation for thousands of clients who have suffered injuries from using dangerous medications and medical devices. The Firm is currently evaluating claims for clients injured by many dangerous pharmaceuticals and medical devices, such as users of the birth control patch Ortho Evra who suffered a heart attack, stroke, deep vein thrombosis, or pulmonary embolism, individuals who developed adverse reactions from either Ketek or Tequin, people developing Stevens Johnson Syndrome (SJS) or Primary Pulmonary Hypertension (PPH), those who suffered a heart attack while on Avandia, individuals who received recalled implantable cardiac devices manufactured by Guidant, Medtronic and St. Jude, as well as individuals exposed to Benzene who developed leukemia or Non-Hodgkins Lymphoma, to name a few.
The hiring of a lawyer is an important decision that should not be based solely upon advertisements. |
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Howard G. Smith Announces Class Action Lawsuit
Class Action News |
2007/11/13 09:28
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| Law Offices of Howard G. Smith announces that a securities class action lawsuit has been filed on behalf of purchasers of the common stock of Office Depot, Inc. ("Office Depot" or the "Company") between April 26, 2007 and October 26, 2007 (the "Class Period"). The class action lawsuit was filed in the United States District Court for the Southern District of Florida. The Complaint alleges that the defendants violated federal securities laws by issuing material misrepresentations to the market concerning Office Depot's business and financial performance, thereby artificially inflating the price of Office Depot securities.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Office Depot common stock between April 26, 2007 and October 26, 2007, you have certain rights, and have until January 4, 2008, to move for Lead Plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847 |
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Warner Chilcott Settling Class-Action
Class Action News |
2007/11/13 09:26
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| Specialty pharmaceutical company Warner Chilcott Ltd. said Friday it reached a tentative settlement in an antitrust lawsuit involving its contraceptive Ovcon 35. The settlement is part of a class-action lawsuit brought by direct purchasers, the company said. Under the proposal, all claims will be dismissed and the class action lawsuit will be terminated for a cash payment of $9 million. The deal is still subject to negotiation. |
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Office Depot Faces Purported Class Action Suit
Class Action News |
2007/11/06 09:10
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Shareholders of Office Depot Inc. (ODP) filed a lawsuit in federal court in Florida against the company seeking class-action status and damages for alleged violations of federal securities laws. Saxena White P.A., representing shareholders that acquired Office Depot securities between April 26, 2006 and Oct. 26., said an announcement concerning the delayed release of the 2007 third-quarter report due to an independent review of vendor program funds led to a falling stock price. A company spokesperson declined to comment on the suit. |
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