There was a new class action suit. There were also huge block buys,
while there were large-scale dumping of small orders:
Notice of Amended Complaint for the Class Action Filed Against Cityscape Financial
Corporation
BusinessWire, Tuesday, October 28, 1997 at 14:44
NEW YORK--(BUSINESS WIRE)--Oct. 28, 1997--Notice of Amended
Complaint for the class action filed against Cityscape Financial
Corporation (NASDAQ:CTYS).
You are hereby notified that on October 28, 1997, an amended
complaint for the class action suit against Cityscape Financial
Corporation ("Cityscape") was filed in the U.S. District Court for
the Eastern District of New York City (Civ. Action No. CV-97-5668)
on behalf of purchasers of the common stock of Cityscape during the
period November 4, 1996, through October 22, 1997, inclusive (the
"Class Period").
Named as defendants are Cityscape and certain of its officers
and directors. The complaint alleges that defendants violated the
federal securities laws (Sections 10(b) and 20(a) of the Securities
Exchange Act of 1934 and Rule 10b-5) by, among other things,
misrepresenting and/or omitting material information concerning
Cityscape's operations, prospects, reserves and earnings estimates.
The amended complaint alleges that by the end of the Class Period,
the price of Cityscape common stock had plummeted as a result of
adverse information finally being revealed by the Company.
Plaintiff seeks to recover damages on behalf of class members
and is represented by the law firm of Stull, Stull & Brody, a law
firm which concentrates on litigating class actions on behalf of
investors and shareholders.
If you are a member of the class described above, you may, not
later than 60 days from the date of the original notice sent out on
October 6, 1997, move the court to serve as a lead plaintiff in this
action, if you so choose. In order to serve as a lead plaintiff,
however, you must meet certain legal requirements.
If you wish to discuss this action, or have any questions
concerning this notice or your rights or interests with respect to
this matter, please contact Michael Swick at Stull, Stull & Brody by
calling toll-free 1-800-337-4983, or by e-mail at SSBNY@aol.com, or
by writing to Stull, Stull & Brody, 6 East 45th Street New York, NY
10017.
CONTACT: Stull, Stull & Brody
Michael Swick, Esq.
1-800-337-4983
212/687-7230
KEYWORD: NEW YORK
INDUSTRY KEYWORD: BANKING
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