And the hits just keep on comin'.
Milberg Weiss Announces Class Action Against Compaq Computer Corp
BusinessWire, Wednesday, March 24, 1999 at 18:36
NEW YORK--(BUSINESS WIRE)--March 24, 1999--The following is an
announcement by the law firm of Milberg Weiss Bershad Hynes & Lerach:
Notice is hereby given that a class action lawsuit was filed on
March 24, 1999, in the United States District Court for the Southern
District of Texas, on behalf of all purchasers of the common stock of
Compaq Computer Corp. (NYSE:CPQ) ("Compaq" or the Company) between
January 27, 1999, and February 25, 1999, inclusive (the "Class
Period").
If you wish to discuss this action or have any questions
concerning this notice or your rights or interests with respect to
these matters, please contact, at Milberg Weiss Bershad Hynes & Lerach
("Milberg Weiss"), Steven G. Schulman or Samuel H. Rudman, One
Pennsylvania Plaza, 49th Floor, New York, New York 10119-0165, by
telephone 1-800-320-5081 or via e-mail: endfraud@mwbhlny.com or visit
our website at www.milberg.com.
The complaint charges Compaq and certain officers with violations
of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 as
well as Rule 10b-5 promulgated thereunder. The complaint alleges that
defendants issued a series of false statements and failed to disclose
material facts throughout the Class Period concerning the Company's
operating results and its future prospects. Because of the issuance of
a series of false and misleading statements, the price of Compaq
common stock was artificially inflated during the Class Period. Prior
to the disclosure of the adverse facts described above certain Compaq
insiders sold hundreds of thousands of shares of Compaq common stock
to the unsuspecting investing public at artificially inflated prices.
Plaintiff seeks to recover damages on behalf of class members and
is represented by the law firm of Milberg Weiss, among others. Milberg
Weiss maintains offices in New York City, San Diego, Los Angeles, San
Francisco and Boca Raton and is active in major litigations pending in
federal and state courts throughout the United States. Milberg Weiss
has taken a leading role in numerous important actions on behalf of
defrauded investors, and is responsible for a number of outstanding
recoveries which, in the aggregate, total approximately $2 billion.
For more information about Milberg Weiss, please visit our website at
www.milberg.com.
If you are a member of the class described above, you may, not
later than sixty days from March 12, 1999, 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.
CONTACT: Milberg Weiss Bershad Hynes & Lerach LLP
Shareholder Relations Dept.
E-Mail: endfraud@mwbhlny.com
1-800-320-5081
KEYWORD: NEW YORK TEXAS |
