Why would anyone sue a company based on GAP. This last year, it's Ebita! Did I catch the newest one, Evia?
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NEW YORK, Dec. 12 /PRNewswire/ -- The law firm of Zwerling, Schachter & Zwerling, LLP ("Zwerling Schachter") has been retained to file a class action lawsuit in the U.S. District Court for the Northern District of Ohio on behalf of all persons who purchased or otherwise acquired the securities of Telxon Corporation ("Telxon" or the "Company") (Nasdaq: TLXN) between October 20, 1998, and December 11, 1998, inclusive (the "Class Period").
The complaint will allege that throughout the Class Period, Telxon, Frank E. Brick, Telxon's President and Chief Executive Officer, and Kenneth W. Haver, Telxon's Senior Vice President and Chief Financial Officer, violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by issuing statements during the Class Period regarding the Company's second quarter ended September 30, 1998, which were materially false and misleading because defendants knew that the strong growth and positive results reported for that quarter were due to the defendants' improper recognition of revenue in violation of Generally Accepted Accounting Principles.
Zwerling Schachter's client seeks to recover damages on behalf of class members. Zwerling Schachter has offices in New York City, Westbury, New York and Seattle, Washington. Zwerling Schachter is active in major litigations pending in federal and state courts throughout the United States.
If you purchased Telxon securities during the Class Period, you have until February 9, 1999, in which to move the Court to serve as lead plaintiff, if you so choose. In order to serve as lead plaintiff you must meet certain legal requirements. > |
