Attention Compaq Computer Corporation Shareholders: Bernstein Liebhard & Lifshitz, LLP Commences Class Action On Behalf Of Purchasers Of CPQ Common Stock
NEW YORK, March 23 /PRNewswire/ -- A securities class action lawsuit was commenced on behalf of purchasers of the common stock of Compaq Computer Corporation (NYSE: CPQ - news; ''Compaq'' or the ''Company''), between January 27, 1999 and February 25,1999, inclusive, (the ''Class Period''), in the United States District Court for the Southern District of Texas. The lawsuit alleges violations of the federal securities laws and names as defendants the Company and certain of its officers and/or directors.
The complaint charges Compaq and certain of its officers and directors with violations of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint alleges that the defendants issued materially false and misleading statements and failed to disclose material facts throughout the Class Period in the Company's public filings and public statements.
As a result of these misrepresentations and omissions, the price of Compaq's common stock was artificially inflated throughout the Class Period. Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise acquired Compaq common stock during the Class Period.
If you purchased or otherwise acquired Compaq securities during the Class Period, and either lost money on the transaction or still hold the stock, you may wish to join in the action to serve as lead plaintiff. In order to do so, you must meet certain requirements set forth in the applicable law and file appropriate papers within 60 days of March 12, 1999. This early notice to class members is being made pursuant to applicable law. Plaintiff has selected Bernstein Liebhard & Lifshitz, LLP as one of the law firms to represent the Class. The attorneys at Bernstein Liebhard & Lifshitz, LLP have extensive experience in securities class action cases, and have played lead roles in major cases resulting in the recovery of hundreds of millions of dollars to investors.
The attorneys at Bernstein Liebhard & Lifshitz, LLP have been recognized by courts for the high quality of their legal representation of defrauded investors. The firm also has extensive experience in corporate and shareholder litigation, consumer protection and other areas of complex litigation.
If you would like to discuss this action or if you have any questions concerning this Notice or your rights as a potential class member or lead plaintiff, you may contact Sandy A. Liebhard, Esq., or Robert Berg, Esq., at Bernstein Liebhard & Lifshitz, LLP, 10 East 40th Street, New York, New York 10016, 800-217-1522 or 212-779-1414 or by e-mail at berg@bernlieb.com.
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