Class Action Complaint Filed Against 2TheMart.com Inc. and Certain of itsOfficers and Directors Alleging Violations of Federal Securities LawFiled By Rabin & Peckel LLP
NEW YORK, Oct. 12 /PRNewswire/ -- A class action complaint has been filed in the United States District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired the securities of 2TheMart.com Inc. ("2TheMart.com" or the "Company") (OTC Bulletin Board: TMRTE) between January 19, 1999 and August 26, 1999, inclusive (the "Class Period").
The Complaint alleges that 2TheMart.com and certain of its officers violated the Securities Exchange Act of 1934 by making a series of materially false and misleading statements concerning market readiness of the Company's website during the Class Period. The Complaint alleges that as a result of these false and misleading statements the price of 2TheMart.com securities were artificially inflated throughout the Class Period causing plaintiff and the other members of the Class to suffer damages.
Plaintiff is represented by the law firm of Rabin & Peckel LLP. Rabin & Peckel LLP and its predecessor firms have devoted its practice to shareholder class actions and complex commercial litigation for more than thirty years and have recovered hundreds of millions of dollars for shareholders in class actions throughout the United States.
If you purchased or otherwise acquired 2TheMart.com securities during the Class Period described above, you may, no later than November 12, 1999, move the Court to serve as lead plaintiff. 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 announcement, or your rights or interests, please contact plaintiff's counsel, Elana M. Bourkoff, Rabin & Peckel LLP, 275 Madison Avenue, New York, NY 10016, by telephone at 800-497-8076 or 212-682-1818, by facsimile at 212-682-1892, or by e-mail at email@rabinlaw.com, or at the website at rabinlaw.com .
SOURCE Rabin & Peckel LLP
CO: Rabin & Peckel LLP; 2TheMart.com Inc.
ST: New York
IN: MLM
SU: LAW
10/12/1999 16:47 EDT prnewswire.com |
