Another Class Action!!! :-(
Milberg Weiss Files Class Action Suit Against M&A West, Inc.
INTERNET WIRE -- Milberg Weiss (www.milberg.com/mawest) today announced that a class action has been commenced in
the United States District Court for the Northern District of California on behalf of purchasers of M&A West, Inc. ("M&A")
(NASDAQ:MAWI; MAWI.OB) publicly traded securities during the period between August 17, 2000 and December 28, 2000 (the "Class Period").
If you wish to serve as lead plaintiff, you must move the Court no laterthan 60 days from January 5, 2001. If you wish to discuss this action or have any questions
concerning this notice or your rights or interests, please contact plaintiff's counsel, William Lerach or Darren Robbins of Milberg Weiss/California at 800/449-4900 or
via e-mail at wsl@milberg.com. You can join this class action online at www.milberg.com/mawest.
The complaint charges M&A and certain of its officers and directors with violations of the Securities Exchange Act of 1934. M&A operates and develops Internet
and technology related companies. The complaint alleges that to portray the Company as a financially viable Internet play, during the Class Period the individual
defendants caused M&A to issue false financial results and make false statements about its results, causing its stock to trade at artificially inflated levels. By the spring
of 2000, the individual defendants were anxious to see M&A participate in the Internet stock boom and to finish their audit, the consummation of which would assist
the defendants in obtaining approval for the Boston Stock Exchange and NASDAQ Small Cap Market listing. To do this, defendants determined it was essential they
report favorable financial results to be seen as a financially viable Internet play. As a result of the defendants' alleged false statements, M&A's stock price traded at
inflated levels during the Class Period, increasing to as high as $8 in August 2000.
Then on December 28, 2000, M&A admitted that its results for its quarter ended August 31, 2000 and year ended May 31, 2000, had been false. In fact, its
previously reported revenues/EPS had been improperly recognized and were the result of fraudulent accounting entries. M&A shares now trade for just pennies per
share.
Plaintiff seeks to recover damages on behalf of all purchasers of M&A publicly traded securities during the Class Period (the "Class"). The plaintiff is represented by
Milberg Weiss Bershad Hynes & Lerach LLP, who has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.
Milberg Weiss Bershad Hynes & Lerach LLP is a 160-lawyer firm with offices in New York, San Diego, San Francisco, Los Angeles, Boca Raton, Seattle and
Philadelphia. Milberg Weiss is the nation's largest law firm whose practice is focused on class action litigation. The firm has been actively engaged in commercial
litigation, emphasizing securities, consumer, insurance, healthcare, human rights and antitrust class actions for 35 years. Milberg Weiss also has an active corporate
and securities practice.
Contact:
William Lerach
Milberg Weiss/California
800-449-4900
wsl@milberg.com
Darren Robbins
Milberg Weiss/California
800-449-4900 |
