Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Amplidyne, AMPD -- Ignore unavailable to you. Want to Upgrade?

To: Jon K. who wrote (463)	9/22/1999 10:40:00 AM
From: StockDung	Read Replies (2) \| Respond to of 538

Class Action Against Amplidyne Inc., (AMPD) Brought By Kantrowitz, Goldhamer & Graifman NEW YORK--(BUSINESS WIRE)--Sept. 21, 1999--The following is an announcement from the law firm of Kantrowitz, Goldhamer & Graifman: Notice is hereby given that a lawsuit has been filed by the law firm of Kantrowitz, Goldhamer & Graifman, of Montvale, New Jersey and two other firms on behalf of Plaintiffs and a proposed class of former shareholders of Amplidyne, Inc. (NASDAQ: AMPD) against Amplidyne, Inc. ("Amplidyne") and certain officers and directors for the class period September 9, 1999 through September 14, 1999 ("Class Period"), in the U.S. District Court of New Jersey where Amplidyne maintains its U.S. headquarters. The complaint alleges that Amplidyne and certain officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, by making false and misleading statements concerning the company's products, its revenue and financial condition. As a result of these alleged violations, the price of common shares of Amplidyne was artificially inflated during the Class Period. Plaintiffs seek to recover damages on their own behalf and on behalf of the Class and are represented by the law firms of Kantrowitz, Goldhamer & Graifman, Weiss & Yourman and Stull Stull & Brody. Each of these firms have significant experience successfully prosecuting complex securities fraud class actions on behalf of defrauded investors. If you were a holder of Amplidyne shares during the Class Period, you may, not later than sixty (60) days from September 16, 1999, move the court to serve as lead plaintiff, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. You can see more information concerning this lawsuit on Kantrowitz, Goldhamer & Graifman's website: www.kgglaw.com. If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to this matter, please contact: Gary S. Graifman at Kantrowitz, Goldhamer Graifman toll-free at 800/660-7843 or via internet e-mail at lpetruzzelli@kgglaw.com or by writing, Kantrowitz, Goldhamer & Graifman, 111 Chestnut Ridge Road, Montvale, New Jersey 07645; or by contacting Ron Theda, Esq. at Weiss & Yourman by calling toll free at 800/437-7918 or Mike Braun, Esq. at Stull Stull & Brody by calling toll-free 888/388-4605. CONTACT: Kantrowitz, Goldhamer & Graifman Gary S. Graifman, Esq. 1-800-660-7843 or 914/356-2570 or Weiss & Yourman Ron Theda, Esq. 1-800-437-7918 or Stull Stull & Brody Mike Braun, Esq. 1-888-388-4605 TICKERS: NASDAQ:AMPD BW1611 SEP 21,1999 13:41 PACIFIC 16:41 EASTERN