Keller Rohrback LLP Investigates Securities Fraud Claims Against Amplidyne, Inc. On Behalf Of Shareholders Who Purchased Stock between Sept 9, 1999 and Sept 14, 1999
SEATTLE--(BUSINESS WIRE)--Oct. 4, 1999--Keller Rohrback LLP announced that it is investigating claims of shareholders of Amplidyne, Inc., (Nasdaq:AMPD) who purchased stock between September 9, 1999 and September 14, 1999 inclusive.
Amplidyne designs, manufactures and sells ultra linear power amplifiers and related subsystems to the worldwide wireless telecommunications market.
Class action shareholder suits have been filed against Amplidyne, Devendar Bains, Tarlochan Bains, Harris Freedman, and Sharon Will. The Complaints charge that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5). The cases arise 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. The suits charge that the defendants 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 flow to Amplidyne and its shareholders. If you are a member of the class described above, you may, no later than sixty 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.
Keller Rohrback L.L.P. is a law-firm headquartered in Seattle that has successfully represented shareholders and consumers in class action cases for over a decade. Its trial lawyers have obtained judgments on behalf of its clients in excess of five billion dollars. Keller Rohrback L.L.P. is currently involved in cases and investigations involving 2TheMart.Com Inc. (OTC:TMRTE), IKON Office Systems (NYSE:IKN), WorldPort Communications (OTC:WRDP), and Exxon Corporation (NYSE:XON), among others.
If you wish to discuss this announcement, have information relevant to the case, wish to learn about your rights to seek to serve as a lead plaintiff, or have any questions on how to join as a class representative in any securities class action, you may contact Keller Rohrback L.L.P. (Lynn L. Sarko or Elizabeth Leland, Esq.) toll free at 800/776-6044, or via e-mail at investor@kellerrohrback.com. Those who inquire by e-mail are asked to provide their mailing address and telephone number.
CONTACT:
Keller Rohrback L.L.P.
Jen Veitengruber, 800/776-6044
investor@kellerrohrback.com
TICKERS: NASDAQ:AMPD OTC:TMRTE
KEYWORD: WASHINGTON
BW1687 OCT 04,1999
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