Gary I wonder if this guy comes cheap?
Class Action Filed Against Crystallex International Corp. and Its CEO Alleging Violations of Federal Securities Law Announces The Law Office of Leo W. Desmond
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Aug. 27, 1998--The Law Office of Leo W. Desmond today announced that a putative class action has been filed in the United States District Court for the Southern District of New York on behalf of all purchasers of Crystallex International Corp. (AMEX:KRY - news; ''Crystallex'' or the ''Company'') common stock from March 3, 1997 through June 12, 1998, inclusive (the ''Class Period'').
The Complaint alleges that Crystallex and its chief executive officer violated the Securities Exchange Act of 1934 by making a series of false and misleading statements concerning Crystallex's interest in certain mining concessions in Venezuela. In particular, it is alleged that defendants claimed that Crystallex had acquired the rights to these concessions, when in fact it had not. The Complaint alleges that as a result of these false and misleading statements the price of Crystallex common stock was artificially inflated throughout the Class Period causing plaintiff and the other members of the Class to suffer damages. Plaintiff is represented by the law firms of Rabin & Peckel LLP and The Law Office of Leo W. Desmond.
If you purchased Crystallex common stock during the Class Period described above, you may, no later than 60 days from July 16, 1998, move the Court to serve as lead plaintiff, if you so choose. 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, please contact plaintiff's counsel, Joseph V. McBride or Donald J. Wallace, Rabin & Peckel LLP, 275 Madison Avenue, New York, NY 10016, by telephone at (800) 497-8076 or (212) 682-1818, by facsimile at (212) 682-1892, or by e-mail at rabinlaw@ix.netcom.com, or Leo W. Desmond, The Law Office of Leo W. Desmond, 2161 Palm Beach Lakes Blvd., Suite 204, West Palm Beach, FL 33409, by telephone at (888) 337-6663 or (561) 712-8000, by facsimile at (561) 712-8002, by e-mail at Info@SecuritiesAttorney.com, or at his website at securitiesattorney.com.
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