Class Action Against Amplidyne Inc., (AMPD) Brought By Kantrowitz, Goldhamer & Graifman
NEW YORK--(BUSINESS WIRE)--Sept. 21, 1999--The following is an announcement from the law firm of Kantrowitz, Goldhamer & Graifman:
Notice is hereby given that a lawsuit has been filed by the law firm of Kantrowitz, Goldhamer & Graifman, of Montvale, New Jersey and two other firms on behalf of Plaintiffs and a proposed class of former shareholders of Amplidyne, Inc. (NASDAQ: AMPD) against Amplidyne, Inc.
("Amplidyne") and certain officers and directors for the class period September 9, 1999 through September 14, 1999 ("Class Period"), in the U.S. District Court of New Jersey where Amplidyne maintains its U.S. headquarters.
The complaint alleges that Amplidyne and certain officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, by making false and misleading statements concerning the company's products, its revenue and financial condition. As a result of these alleged violations, the price of common shares of Amplidyne was artificially inflated during the Class Period.
Plaintiffs seek to recover damages on their own behalf and on behalf of the Class and are represented by the law firms of Kantrowitz, Goldhamer & Graifman, Weiss & Yourman and Stull Stull & Brody. Each of these firms have significant experience successfully prosecuting complex securities fraud class actions on behalf of defrauded investors.
If you were a holder of Amplidyne shares during the Class Period, you may, not later than sixty (60) days from September 16, 1999, 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. You can see more information concerning this lawsuit on Kantrowitz, Goldhamer & Graifman's website: www.kgglaw.com.
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: Gary S. Graifman at Kantrowitz, Goldhamer
Graifman toll-free at 800/660-7843 or via internet e-mail at lpetruzzelli@kgglaw.com or by writing, Kantrowitz, Goldhamer & Graifman, 111 Chestnut Ridge Road, Montvale, New Jersey 07645; or by contacting Ron Theda, Esq. at Weiss & Yourman by calling toll free at 800/437-7918 or Mike Braun, Esq. at Stull Stull & Brody by calling toll-free 888/388-4605.
CONTACT:
Kantrowitz, Goldhamer & Graifman
Gary S. Graifman, Esq.
1-800-660-7843 or 914/356-2570
or
Weiss & Yourman
Ron Theda, Esq.
1-800-437-7918
or
Stull Stull & Brody
Mike Braun, Esq.
1-888-388-4605
TICKERS: NASDAQ:AMPD
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