Dent ,, I hope you are not a paid toutist by TRBD ,, I am giving you and the TRBD management till Feb 3rd ,, full benefit of doubt ..
Especially Swen or Sven the IR guy ,, who told me the night before that TRBD was not suspended ,,
I will come after all your manhood ,, if Allied Signal and VW deal is a BS ,,
Also having trusted Icy ,, whom you pumped ,, just because he was a member was a bad judgment in my part..
We are in contact with both of these two law firms who have filed class action ,,
Law Offices of Lionel Glancy Announces Class Action Lawsuit Filed Against Turbodyne Technologies Inc.
LOS ANGELES--(BUSINESS WIRE)--Jan. 22, 1999--Pursuant to Section 21(D)(A)(3)(a)(i) of the Securities Exchange Act of 1934, Notice is hereby given that a class action was filed Friday in the United States District Court for the Central District of California on behalf of all persons who purchased the common stock of Turbodyne Technologies Inc.
("Turbodyne")(Nasdaq:TRBD) between March 1, 1997, through Jan. 22, 1999, inclusive (the "Class Period").
Named as defendants are Turbodyne and its president, chief executive officer and director, Edward Halimi.
Turbodyne and its subsidiaries design, develop, manufacture and market proprietary products that enhance performance and reduce emissions of internal combustion engines and manufacture aluminum cast automotive products, including engine components and aftermarket specialty wheels.
Turbodyne was, until July 19, 1997, listed on the Vancouver Stock Exchange. The company commenced listing on the Nasdaq Small Capital Exchange on March 24, 1997.
Throughout the time Turbodyne traded on both the Vancouver exchange and Nasdaq, defendants issued a series of public statements portraying Turbodyne as a booming company that was experiencing and would continue to experience rapidly rising sales and profits on its core products and new product offerings.
These public statements represented, among other things, that Turbodyne's "breakthrough" technology was protected by more than 30 granted and pending patents in the United States and internationally, that the United States Environmental Protection Agency had certified certain of Turbodyne's products for special urban bus retrofitting projects, that the United Nations endorsed the company's products, and that a United Nations representative accompanied defendant Halimi to London and Moscow to assist in product sales negotiations.
The false and misleading nature of defendants' public statements remained undisclosed throughout the Class Period, until Nasdaq announced on Jan. 22, 1999, the last day of the Class Period, that Nasdaq was joining EASDAQ in halting trading in Turbodyne stock until at least Feb. 3, 1999, while the EASDAQ Market Authority initiates disciplinary proceedings against Turbodyne for allegedly issuing false or misleading price-sensitive information to the investing public.
As a result of the foregoing, Turbodyne's common stock traded during the Class Period at artificially inflated prices as high as approximately $16 per share.
Plaintiff seeks to recover damages on behalf of Class members and is represented by the Law Offices of Lionel Z. Glancy, and other firms with significant experience in prosecuting class actions involving corporate fraud.
Those who purchased Turbodyne stock during the Class Period may move the Court not later than 60 days from Jan. 22, 1999, to serve as lead plaintiff, although individuals must meet certain legal requirements to do so.
To discuss this action or to ask any questions concerning this Notice or shareholders' rights or interests with respect to this lawsuit, contact Lionel Z. Glancy Esq. or Tracy L. Thrower Esq. of the Law Offices of Lionel Z. Glancy, by mail at 1801 Avenue of the Stars, Suite 308, Los Angeles, Calif. 90067, by telephone tollfree at 888/773-9224 or 310/201-9150, or by e-mail at lglancy@aol.com.
CONTACT:
The Law Offices of Lionel Z. Glancy, Los Angeles
Lionel Z. Glancy, 888/773-9224
lglancy@aol.com
KEYWORD: CALIFORNIA
A Class Action Lawsuit Filed Against Turbodyne Technologies by Kirby McInerney & Squire, LLP
NEW YORK--(BUSINESS WIRE)--Jan. 22, 1999--
The following is an announcement from Kirby McInerney & Squire,
LLP:
A class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all purchasers of Turbodyne Technologies, Inc. ("Turbodyne") (NASDAQ:TRBD) common stock between March 1, 1997 through January 22, 1999 inclusive (the "Class Period").
The Complaint asserts claims under the federal securities laws,including claims for violation of Section 10(b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 of the Securities Exchange Commission, for the issuance of materially false and misleading statements concerning the demand for and market acceptance of Turbodyne's products, the strength of its technologies and its competitiveness and the trends in its business, all of which drove Turbodyne's stock price to a Class Period high of approximately $17.00 per share.
Plaintiff seeks to recover damages on behalf of all persons who purchased Turbodyne common stock during the Class Period, excluding the defendants and their affiliates, and is represented by Kirby McInerney & Squire, LLP (formerly Kaufman Malchman Kirby & Squire). The firm has specialized in complex litigation, including securities and consumer class actions for decades. It repeatedly has demonstrated its expertise in this field, and has been appointed to lead positions in consolidated and multi-district litigation. Kirby McInerney's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling hundreds of millions of dollars. Courts have chronicled the firm's achievements and quality of service in published decisions. The firm has been responsible for significant recoveries, or injunctive relief, for its clients and class members.
If you are a member of the Class described above, you may, not later than sixty days from January 22, 1999, 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, please contact:
Jeffrey H. Squire, Esq. Daniel Hume, Esq. Danielle Feman, Paralegal KIRBY McINERNEY & SQUIRE, LLP 830 Third Avenue, 10th Floor New York, New York 10022 (212) 371-6600 kms@kmslaw.com (E-mail address)
CONTACT:
KIRBY McINERNEY & SQUIRE, LLP, New York
Jeffrey H. Squire, Esq.
Daniel Hume, Esq.
Danielle Feman, Paralegal
(212) 371-6600
kms@kmslaw.com (E-mail address)
BW1388 JAN 22,1999
17:38 PACIFIC
20:38 EASTERN |
