Another stockholder lawsuit. I guess some people think they were cheated. I am glad I wasn't one of them!
Pancho
Notice of Class Action Interneuron Pharmaceuticals, Inc.
NEW YORK--(BUSINESS WIRE)--Nov. 7, 1997--Interneuron Pharmaceuticals, Inc. ("Interneuron" or the "Company")(Symbol:IPIC) was named a defendant in a class action lawsuit filed on Tuesday in the United States District Court for the District of Massachusetts, Civil Action No. 97-12470 REK, on behalf of purchasers of the Company's securities during the period April 21, 1997, through and including September 17, 1997 (the "Class Period").
The Complaint charges Interneuron and its President and Chief Executive Officer with violating Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by artificially inflating Interneuron's stock price during the Class Period through, among other things, misrepresenting the safety and efficacy of its Redux drug and failing to disclose material risks associated with taking Redux.
Plaintiff seeks to recover damages on behalf of all class members and is represented by Weiss & Yourman, Stull Stull & Brody, and the Law Offices of Jeffrey S. Abraham, law firms having significant experience and expertise prosecuting class actions on behalf of investors and shareholders in federal and state courts throughout the United States, particularly those involving misrepresentations and omissions. The firms maintain offices in New York City and Weiss & Yourman and Stull Stull & Brody also maintain offices in Los Angeles. The firms have repeatedly been appointed by courts as leading counsel in numerous complex litigations and have recovered hundreds of millions of dollars on behalf of investors.
To assure that you will be included in a list of class members, or if you wish to discuss this action, have any questions concerning this notice, or your rights or interests with respect to this matter, or if you have any information you wish to provide to us, please contact Jack I. Zwick by calling toll-free (888) 593-4771, or via Internet electronic mail at wynyc@aol.com or by writing Weiss & Yourman, The French Building, 551 Fifth Avenue, Suite 1600, New York City 10176, Jules Brody by calling toll-free (800) 337-4983, or via Internet electronic mail at ssbny@aol.com or by writing Stull Stull & Brody, 6 East 45th Street, New York City 10017, or Jeffrey S. Abraham by calling (212) 692-0555, or via Internet electronic mail at Jsalaw@aol.com or by writing Law Offices of Jeffrey S. Abraham, The Lincoln Building, 60 East 42nd Street, Suite 4700, New York City 10165.
CONTACT: Jack I. Zwick, 888/593-4771 wynyc@aol.com or Jules Brody, 800/337-4983 ssbny@aol.com or Jeffrey S. Abraham, 212/692-0555 Jsalaw@aol.com
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