Class Action Suit #7 (Looks like SRCM is aiming for the record
books).
Shareholder Class Action Filed Against Source Media Inc. By The Law Firm Of Schiffrin Craig & Barroway, LLP
BALA CYNWYD, Pa.--(BUSINESS WIRE)--Aug. 28, 1998--The following statement was issued today by the law firm of Schiffrin Craig & Barroway, LLP:
A class action lawsuit was filed in the United States District Court for the Northern District of Texas on behalf of all persons who purchased the common stock of Source Media Inc. (NASDAQ: SRCM - news) from Sept. 24, 1997 through Aug. 14, 1998, inclusive (the ''Class Period'').
The complaint charges Source Media and certain of its officers and directors of issuing false and misleading financial statements and press releases regarding the Company's earnings.
Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin Craig & Barroway, LLP, who has significant experience and expertise prosecuting class actions on behalf of investors and shareholders.
If you are a member of the class described above, you may, not later than Oct. 20, 1998, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as 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 these matters, please contact Schiffrin Craig & Barroway, LLP (Andrew L. Barroway, Esq.) toll free at 888/299-7706 or 610/667-7706, or via e-mail at info@scbclasslaw.com.
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Contact:
Schiffrin Craig & Barroway, LLP
Andrew L. Barroway, Esq.
888/299-7706 (toll free) or 610/667-7706
e-mail: info@scbclasslaw.com |
