Law Offices Bernard M. Gross, P.C. Announces Class Action Against
Alcatel Alsthom
PHILADELPHIA--(BUSINESS WIRE)--Oct. 7, 1998-- The Law Offices Bernard M. Gross, P.C.
announced that pursuant to Section 21(D)(A)(3)(a)(I) of the Securities Exchange Act of 1934,
Notice is hereby given that on Oct. 7, 1998, a class action lawsuit was filed in the United States
District Court for the District of Delaware on behalf of a class (the Class) consisting of all persons
who acquired securities of Alcatel Alsthom (Alcatel) in the merger of New Acquisition Inc., a
Delaware Corporation and a wholly owned subsidiary of Alcatel, with and into DSC
Communications Corp. and were damaged thereby, inclusive (the Class Period).
The Complaint charges Alcatel and certain of its officers with violations of Section 11 of the
Securities Act of 1933. According to the Complaint, during the Class Period, defendants
disseminated numerous announcements which were materially false and misleading concerning the
impact that the slowdown and cancellation of orders by the Companys European, Russian and Asian
customers were having on the Company's financial condition.
Plaintiffs seek to recover damages on behalf of Class members and, are represented by the law firm
of Law Offices Bernard M. Gross, P.C. which has significant experience and expertise in prosecuting
class actions on behalf of investors and shareholders. Law Offices Bernard M. Gross P.C. has taken
a leading role in numerous important actions on behalf of defrauded investors and is responsible for a
number of outstanding recoveries.
If you are a member of the Class described above, you may, not later than 60 days from today, move
the Court to serve as lead plaintiff of the Class, 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 rights or interests
with respect to these matters please contact, Law Offices Bernard M. Gross, P.C. (Deborah Gross
or Christopher Reyna) at 1500 Walnut Street, Suite 600, Philadelphia, Pa. 19102, by telephone at
800/258-9349, or via internet electronic mail at bmgpc@erols.com.
CONTACT: Law Offices Bernard M. Gross, P.C.
Deborah Gross or Christopher Reyna
800/258-9349
bmgpc@erols.com |
