To: brad greene who wrote (409 ) 9/16/1999 2:28:00 PM From: Pluvia Read Replies (1) | Respond to of 538
****AMPD SUED FOR FRAUD - NEWS***** MILBERG WEISS ANNOUNCES CLASS ACTION AGAINST AMPLIDYNE, INC. BUSINESS EDITORS & LEGAL WRITERS NEW YORK--(BUSINESS WIRE)--SEPT. 16, 1999--THE FOLLOWING WAS RELEASED TODAY BY MILBERG WEISS BERSHAD NEW YORK--(BUSINESS WIRE)--Sept. 16, 1999--The following was released today by Milberg Weiss Bershad Hynes & Lerach LLP: Notice is hereby given that a class action lawsuit was filed on September 16, 1999, in the United States District Court for the District of New Jersey, on behalf of all persons and entities who purchased the common stock or warrants of Amplidyne, Inc. (NASDAQ:AMPD.O) ("Amplidyne" or the "Company"), between September 9, 1999 and September 14, 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, Samuel H. Rudman or Michael A. Swick at 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 Amplidyne and its chief executive officer 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 Amplidyne issued materially false and misleading statements regarding its products and technologies. As a result of these materially false and misleading statements, plaintiff alleges that the price of Amplidyne common stock was artificially inflated during the Class Period. 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 September 16, 1999, move 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.