I saw this Class Action Notice on the web:
New York -- March 10, 1999 -- Pursuant to 15 U.S.C. 78u-4(a)(3)(A)(I), Bernstein Litowitz Berger & Grossmann LLP hereby gives notice that on March 9, 1999, a class action lawsuit was filed in the United States District Court for the District of Colorado on behalf of purchasers of the common stock of The North Face, Inc. ("North Face" or the "Company"), from April 25, 1997 through March 4, 1999, inclusive (the "Class Period").
The complaint charges North Face, and certain of its officers and directors, with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as SEC Rule 10b-5 promulgated thereunder. Specifically, the complaint alleges that, during the Class Period, the defendants falsely reported North Face's financial results and overstated its sales growth causing the Company's stock price to trade at as high as $29. Ultimately on March 5, 1999, North Face revealed that the announcement of its full year 1998 results would be "delayed" and that adjustments to its 1997 results might be necessary. On this news, North Face's stock price dropped to as low as $10-7/8 per share.
Plaintiff is represented by the law firm of Bernstein Litowitz Berger & Grossmann LLP, which has extensive experience in prosecuting class actions nationwide on behalf of defrauded investors. The firm currently plays a leading role in numerous major securities and complex commercial litigations pending in federal and state courts.
If you wish to discuss this Action or have any questions concerning this notice or your rights or interests in connection therewith, please contact Robert S. Gans, a partner of Bernstein Litowitz Berger & Grossmann LLP at (800) 380-8496 or (212) 554-1400 or by E-mail: robert@blbglaw.com.
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