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Microcap & Penny Stocks : Amplidyne, AMPD

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To: Pluvia who wrote (441)9/16/1999 10:13:00 PM
From: Pluvia  Read Replies (1) of 538
 
AMPD BAINS, SHARON WILL & HARRIS FREEDMAN SUED FOR FRAUD

Gee wiz - another suit - that makes 3 today...

dljdirect.com

"...The defendants include Amplidyne, Devendar Bains, Tarlochan Bains, Harris Freedman, and Sharon Will..."

"...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 Amplidyne and its shareholders..."
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