<<offtopic>>
wechsler is a solid plaintiff's firm,
and as to the wdc pleading: it is
a damn sight better than
garden
variety.
i say this in light of the following new post....
Subject: Western Digital (WDC)
To: whipsaw (8626 )
From: Glenn D. Rudolph Friday, Jan 30 1998 12:59PM EST
Reply # of 8650
Stull, Stull & Brody Announces Class Action Suit Against Western Digital Corp.
Business Wire - January 29, 1998 21:04
%STULL-STULL-BRODY WDC %NEW-YORK %COMPUTERS %ELECTRONICS %COMED V%BW P%BW
NEW YORK--(BUSINESS WIRE)--January 29, 1998--You are hereby notified that on January 22, 1998, a class action lawsuit was filed in the U.S. District Court for the Central District of California on behalf of purchasers of the common stock of Western Digital Corp.("Western Digital" or the "Company") during the period July 25, 1996 through December 2, 1997, inclusive (the "Class Period"). Named as defendants are Western Digital 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, issuing false and misleading statements and financial reports concerning the business prospects, financial results and valuation of the Company's inventory. Specifically, the Complaint alleges that Defendants failed to take timely charges for its obsolete computer hard drive inventory. As a result of defendants failure to disclose thi!
s material information the price of Western Digital's common stock was artificially inflated throughout the class period. The Complaint also alleges that certain key insiders were able to profit from the artificial inflation of the Company's stock, realizing millions of dollars from the sale of Company stock within the Class Period. Plaintiff seeks to recover damages on behalf of class members and is represented by the law firms of Stull, Stull & Brody, and Weiss & Yourman two law firms which concentrate 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 December 12, 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 Tzivia Brody, Esq. 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
Tzivia Brody, Esq.
1-800-337-4983
E-mail: SSBNY@aol.com |
