Wechsler Harwood Files Class Action Against Turbodyne Technologies Inc.
Business Wire - January 29, 1999 15:08
NEW YORK--(BUSINESS WIRE)--Jan. 29, 1999--
The following is an announcement by the law firm of Wechsler Harwood Halebian & Feffer LLP:
All institutions and persons are hereby notified that a class action lawsuit was filed on January 28, 1999 in the United States District Court for the Central District of California, on behalf of all persons or institutions who purchased or otherwise acquired common stock of TURBODYNE TECHNOLOGIES INC.. (NASDAQ:TRBD)("TURBODYNE" or the "Company"), between March 1, 1997 through January 22, 1999, inclusive (the "Class Period").
IF YOU ARE A MEMBER OF THE CLASS PERIOD AS DEFINED ABOVE, YOU MAY, NO LATER THAN MARCH 23, 1999, MOVE THE COURT TO SERVE AS LEAD PLAINTIFF, PROVIDED YOU MEET CERTAIN LEGAL REQUIREMENTS.
The Complaint charges TURBODYNE and certain officers and directors of the Company during the relevant time period with violations of Section 10(b) and 20(a) of the Securities Exchange Act of 1934. The complaint alleges that defendants issued a series of materially false and misleading statements concerning the Company's "breakthrough" technology designed to reduce emissions of internal combustion engines that falsely portrayed TURBODYNE as a booming company with rapidly expanding sales.
Plaintiff seeks to recover damages on his own behalf and on behalf of all purchasers of TURBODYNE common stock within the Class Period. Plaintiff is represented in this class action by the New York law firm of Wechsler Harwood Halebian & Feffer LLP and the Los Angeles law firm of Lionel Z. Glancy, who have extensive experience representing shareholders in class actions and has served as lead counsel on behalf of shareholders in many such actions. The firms' reputation and expertise in shareholder and other class actions have repeatedly been recognized by the courts.
If you wish to discuss this action, or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Robert I. Harwood, Esq., rharwood@whhf.com or Matthew M. Houston, Esq., mhouston@whhf.com or by contacting us by telephone at (212) 935-7400.
CONTACT: Wechsler Harwood Halebian & Feffer LLP, New York
Robert I. Harwood, Esq., rharwood@whhf.com
Matthew M. Houston, Esq., mhouston@whhf.com
(212) 935-7400
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