It's class action fever. They just keep coming:
2TheMart.Com Inc. Subject of Class Action Filed On Behalf Of Shareholders Who Purchased Stock between January 19, 1999 and August 26, 1999
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LOS ANGELES, Sept. 17 /PRNewswire/ -- A class action lawsuit has been filed in U.S. District Court on behalf of purchasers (the "Class") of 2TheMart.Com Inc., ("2TheMart" or the "Company") (OTC Bulletin Board: TMRTE) common stock between January 19, 1999 and August 26, 1999 (the "Class Period").
2TheMart is an Internet based electronic commerce company which claims to be developing an auction web site in which parties will be brought together to buy and sell a variety of goods. Once fully functional, 2TheMart web site users will be able to browse through all items in a fully automated, topically arranged online service that is expected to be available 24 hours a day, seven days a week.
The defendants include 2TheMart, Steven W. Rebeil and Dominic J. Magliarditi. The Complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5). The action arises from damages incurred by the Class as a result of a scheme and common course of conduct by defendants which operated as a fraud and deceit on the Class during the Class Period. Defendants' scheme included rendering false and misleading statements and/or omissions concerning the present and future financial condition and business prospects of the Company, as well as the financial benefits that would enure to 2TheMart and its shareholders.
Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Weiss & Yourman who have significant experience and expertise in prosecuting class actions on behalf of investors and shareholders.
If you are a member of the class described above, you may, no later than 60 days from September 13, move the Court to serve as lead plaintiff, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements.
If you wish to discuss this action, or have any questions concerning this notice, or your rights or interests with respect to this matter, please contact plaintiffs' counsel listed below.
Ronald T. Theda, Esq.
Weiss & Yourman
800-437-7918
wyinfo@wyca.com
SOURCE Weiss & Yourman
/CONTACT: Ronald T. Theda, Esq. of Weiss & Yourman, 800-437-7918, or
wyinfo@wyca.com/ |
