Kaplan Fox Seeks To Recover Losses For Investors Who Purchased Eagle Building Technologies, Inc. Securities
NEW YORK, Apr 23, 2002 /PRNewswire via COMTEX/ -- Kaplan Fox (http://kaplanfox.com) has filed a class action against Eagle Building Technologies, Inc. ("Eagle Building" or the "Company") (OTC: EGBT chart, msgs) and Anthony M. D'Amato in the United States District Court for the Southern District of Florida. The suit is brought on behalf of all persons or entities who purchased or otherwise acquired securities of Eagle Building between April 18, 2001 and February 14, 2002, inclusive (the "Class Period").
The complaint charges Eagle Building and Anthony M. D'Amato with violations of the federal securities laws. The complaint alleges, among other things, that during the Class Period the Company (a) improperly recorded revenue from its construction business in India and made false and misleading statements regarding its India operations, and (b) made false and misleading statements regarding its post-September 11 business endeavors, including an airport baggage security system, mail sterilization technology, and money laundering detection software. As a result of defendants' misrepresentations, Eagle Building's stock price was artificially inflated during the Class Period, trading as high as $12.30. On the Company's February 14 announcement, the Company's stock fell 68% to $1.44 on heavy trading.
Plaintiff seeks to recover damages on behalf of the Class and is represented by Kaplan Fox & Kilsheimer LLP. Our firm, with offices in New York, San Francisco, Chicago and New Jersey, has many years of experience prosecuting investor class actions and actions involving financial fraud. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at kaplanfox.com
If you are a member of the Class, you may move the court no later than May 31, 2002 to serve as a lead plaintiff for the Class. In order to serve as a lead plaintiff, you must meet certain legal requirements.
If you have any questions about this Notice, the action, your rights, or your interests, please e-mail us at mail@kaplanfox.com or contact:
Robert N. Kaplan, Esq.
Shelley Thompson, Esq.
Kaplan Fox & Kilsheimer LLP
805 Third Avenue, 22nd Floor
New York, NY 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail address: mail@kaplanfox.com
Laurence D. King, Esq.
Kaplan Fox & Kilsheimer LLP
601 Montgomery Street
San Francisco, CA 94111
(415) 772-4700
Fax: (415) 772-4707
E-mail address: mail@kaplanfox.com
MAKE YOUR OPINION COUNT - Click Here
tbutton.prnewswire.com
Source: Kaplan Fox & Kilsheimer LLP
Contact:
Robert N. Kaplan, Esq., Shelley Thompson, Esq., both of Kaplan
Fox & Kilsheimer LLP, New York, +1-800-290-1952, +1-212-687-1980, or fax,
+1-212-687-7714, mail@kaplanfox.com, or Laurence D. King, Esq. of Kaplan Fox &
Kilsheimer LLP, San Francisco, +1-415-772-4700, or fax, +1-415-772-4707,
mail@kaplanfox.com
URL: kaplanfox.com |
