NASHVILLE, Sept. 5 /PRNewswire/ -- A securities fraud lawsuit was filed
in Nashville, Tennessee on behalf of purchasers of Sirrom Capital
Corporation (NYSE: SIR) Securities. The lawsuit asserts claims under
the Securities Act of 1933 and the Securities Exchange Act of 1934.
The lawsuit seeks class action status and the representation of all
purchasers of Sirrom Capital Securities between January 20, 1998 and
July 10, 1998. The lawsuit alleges that Sirrom and certain of its
officers and directors failed to disclose the impaired value of certain
of its key investments in and loans to several of its borrowers
including Saraventure Fixtures and Precision Panel. The defendants
allegedly concealed this information so that they could sell 6.9
million shares of Sirrom stock at artificially inflated prices and
thereby reap over $160 million before Sirrom collapsed in price. This
lawsuit was filed by lawyers with substantial experience in prosecuting
class action lawsuits on behalf of investors. If you wish to serve as
lead plantiff in this matter, you must elect to do so within 60 days of
July 13, 1998. If you purchased Sirrom Securities and wish to discuss
this action and your rights or interests, please call or email the
attorneys listed below.
Steven Cauley or Scott Poynter
Law Offices of Steven E. Cauley, P.A.
2200 N. Rodney Parham Road, Suite 218
Little Rock, AR 72212
Toll Free: 888-551-9944
Email: cauleypa@aol.com
SOURCE Law Offices of Steven E. Cauley, P.A.
-0- 09/05/98 /CONTACT: Steven Cauley or
Scott Poynter, both of the Law Offices of Steven E. Cauley, P.A.,
888-551-9944, or email: cauleypa@aol.com/
(SIR)
CO: Law Offices of Steven E. Cauley, P.A.; Sirrom Capital
Corporation ST: Arkansas, Tennessee IN: FIN SU: LAW |
