Notice of Class Action Alcatel Alstholm
PR Newswire, Thursday, September 24, 1998 at 16:37
NEW YORK, Sept. 24 /PRNewswire/ -- Alcatel Alstholm (NYSE:ALA) was named
a defendant in a class action lawsuit filed today in the United States
District Court for the Southern District of New York, Civil Action No.
98-6757, on behalf of all persons who acquired Alcatel securities in the
merger with DSC Communications Corporation (the "Merger").
The Complaint charges Alcatel and its directors with violating federal
securities laws by artificially inflating the price of Alcatel's American
Depositary Shares through the issuance of materially false and misleading
statements in connection with the Merger, which concealed the Company's true
financial condition and operating performance.
Plaintiff seeks to recover damages on behalf of all class members and is
represented by Weiss & Yourman, a law firm having significant experience and
expertise prosecuting class actions on behalf of investors and shareholders in
federal and state courts throughout the United States. In fact, Weiss &
Yourman has previously successfully litigated class action securities law
claims against both Alcatel and DSC, which culminated in settlements totaling
scores of millions of dollars. The firm maintains offices in New York City
and in Los Angeles. The firm has repeatedly been appointed by courts as lead
counsel in numerous complex litigations and has 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 Mark D. Smilow 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. You may move to be appointed lead
plaintiff by as early as November 18, 1998.
SOURCE Weiss & Yourman
-0- 09/24/98
/CONTACT: Mark D. Smilow of Weiss & Yourman, 888-593-4771, or
wynyc@aol.com./ |
