Shareholders Target Max Internet in Fraud Lawsuit Filed
8/22/0 12:55 (New York)
by Shalov Stone & Bonner
NEW YORK, Aug. 22 /PRNewswire/ -- Shalov Stone & Bonner issued the
following announcement today: A class action was commenced on behalf of all
persons who purchased the common stock of Max Internet Communications, Inc.
(Nasdaq: MXIP) in the period from November 15,1999 to May 12, 2000. The
lawsuit was filed in the United States District Court for the Northern
District of Texas. The case alleges that the defendants violated the federal
securities laws by, among other things, materially misrepresenting the
Company's business condition and failing to disclose material facts concerning
reported sales of products that, according to the complaint, actually had been
returned by a major customer.
Plaintiffs are represented by the law firm of Shalov Stone & Bonner which
has extensive experience in the prosecution of class actions on behalf of
investors. For more information about Shalov Stone & Bonner, please visit the
firm's web site at: lawssb.com.
If you would like to participate in this action or would like additional
information about the lawsuit, please contact:
Shalov Stone & Bonner (Ralph M. Stone)
276 Fifth Avenue
Suite 704
New York, New York 10001
telephone: 212-686-8004,
email: ralph@lawssb.com
SOURCE Shalov Stone & Bonner
-0- 08/22/2000
/CONTACT: Ralph M. Stone of Shalov Stone & Bonner, 212-686-8004, or
ralph@lawssb.com/
/Web site: lawssb.com
(MXIP) |
