Sometimes it helps when a company gets following news....:
>>>>>>>>
Class Action Filed on Behalf of Value America, Inc. (Nasdaq: VUSA) Investors
Announced by Abbey, Gardy & Squitieri, LLP
NEW YORK, Jan. 12 /PRNewswire/ -- Notice is hereby given that a class
action lawsuit was filed on January 10, 2000 in the United States District
Court for the Western District of Virginia (Civ. No. 3:00-CV-00004) on behalf
of purchasers of Value America, Inc. (Nasdaq: VUSA) stock in the April 7, 1999
IPO, or at any time between April 7, 1999 and December 28, 1999.
The complaint charges defendants with violations of Sections 11, 12(a)(2)
and 15 of the Securities Act of 1933, Section 10(b), 20 (a) of the Securities
Exchange Act of 1934, and Rule 10b-5 thereunder. Defendants include Value
America, Craig A. Winn (former Chairman of the Board), Thomas Morgan (former
CEO), Rex Scatena (former Vice Chairman) and Dean M. Johnson (former CFO).
Among other things, plaintiff claims that the defendants issued materially
false and misleading statements regarding the company's true operating
condition and financial performance.
Plaintiff seeks to recover damages on behalf of himself and all other
individual and institutional investors who purchased Value America stock in
the April 7, 1999 IPO, or at any time between April 7, 1999 through December
28, 1999, excluding the defendants and their affiliates. Plaintiff is
represented by, among others, Abbey, Gardy & Squitieri, LLP, a law firm with
extensive experience in prosecuting class actions, and significant expertise
in actions involving corporate fraud.
If you purchased Value America stock in the April 7, 1999 IPO, or at any
time between April 7, 1999 and December 28, 1999, and are a member of the
class described above, you may, not later than 60 days from today, 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.
If you wish to discuss this action, or have any questions concerning this
notice or your rights or interests, please CONTACT:
Lee Squitieri, Esq.
James S. Notis, Esq.
Abbey, Gardy & Squitieri, LLP
212 East 39th Street
New York, New York 10016
TELEPHONE: 800-889-3701 or 212-889-3700
FAX: 212-684-5191
E-MAIL: jnotis@a-g-s.com
SOURCE Abbey, Gardy & Squitieri, LLP
-0- 01/12/2000
/CONTACT: Lee Squitieri, Esq. or James S. Notis, Esq., jnotis@a-g-s.com,
both of Abbey, Gardy & Squitieri, LLP, 800-889-3701 or 212-889-3700, fax,
212-684-5191/
(VUSA)
CO: Value America, Inc.; Abbey, Gardy & Squitieri, LLP
ST: Virginia
IN:
SU: LAW
-0- Jan/12/2000 18:30
EOS (PRN) Jan/12/2000 18:30 85
-0- (PRN) Jan/12/2000 18:45
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Hi, Lerach! |
