Hi Captain,
Ho hum another day, another lawsuit.
Attention Optionholders of Compaq Computer Corp.
Shareholders: Class Action Alleging False Financials
Filed by Law Offices Bernard M. Gross, P.C.
March 26, 1999 6:15 PM
PHILADELPHIA--(BUSINESS WIRE)--March 26, 1999--A class action
lawsuit was filed on March 26, 1999 in the United States District Court
for the Southern District of Texas on behalf of a investors who purchased
calls or sold puts of Compaq Computer Corp. ("CPQ") from Jan. 27, 1999
through and including Feb. 25, 1999 and were damaged thereby,
inclusive (the "Class Period").
The Complaint charges CPQ (NYSE:CPQ) and certain of its officers with
violations of Sections 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 that failed to disclose that
defendants knew or recklessly disregarded the material facts that sales
to small and medium size businesses in North America and Europe had
slowed in January and such slowdown would negatively effect Compaq's
earnings and revenues. During this time period, numerous officers of
Compaq sold hundreds of thousands of shares of Compaq common
stock in advance of the revelation of the truth.
This action seeks to recover damages on behalf of defrauded investors
who purchased Compaq securities.during the Class Period. Plaintiffs are
represented by the Law Offices Bernard M. Gross, P.C. which has
significant experience and expertise in prosecuting class actions on
behalf of investors and shareholders. Law Offices Bernard M. Gross P.C.
has taken a leading role in numerous important actions on behalf of
defrauded investors and is responsible for a number of outstanding
recoveries. Visit the Law Offices Bernard M. Gross web site at
bernardmgross.com.
We also recently filed a securities fraud class action lawsuits on behalf
of shareholders of Rite Aid Corporation (NYSE:RAD) between Dec. 14,
1998 through and including March 12, 1999, Orbital Sciences
Corporation (NYSE:ORB) between April 21, 1998 through February 16,
1999 and Advanced Micro Devices (NYSE:AMD) between Oct. 6, 1998
through and including March 9, 1999.
If you are a member of the Class described above, you may move the
Court to serve as a lead plaintiff on or before May 11, 1999, 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 any other action we recently filed or
have any questions concerning this Notice or your rights or interests with
respect to these matters please contact:
Law Offices Bernard M. Gross, P.C. Susan Gross, Esq. Christopher
Reyna, Esq. 1500 Walnut Street, Suite 600 Philadelphia, PA 19102
Telephone: 800/258-9349 or 215/561-3600
E-mail: susang@bernardmgross.com or |
