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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (65638)	1/4/2001 3:06:28 PM
From: StockDung	Respond to of 122087

Shareholder Lawsuit Against Knight Trading Group, Inc. FiledBy Goodkind Labaton Rudoff & Sucharow LLP NEW YORK, Jan. 4 /PRNewswire/ -- Counsel for Class Plaintiff, Goodkind Labaton Rudoff & Sucharow LLP, today issued the following: A class action has been commenced in the United States District Court for the District of New Jersey on behalf of all persons who purchased the securities of Knight Trading Group (Nasdaq: NITE) ("Knight" or the "Company") between July 19, 2000, and October 4, 2000, inclusive (the "Class Period"). The complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market between July 19 and October 4, 2000. For example, as alleged in the complaint, on July 19, 2000, defendants represented in an analysts' conference call that they were comfortable with estimates of 20%-30% growth in earnings per share during the third quarter of 2000, over the comparable 1999 period. The complaint alleges that the statement was made without a reasonable basis, given operational problems known to defendants and the Company's increasing international expansion costs. On October 4, 2000, Knight issued a press release announcing third quarter results that were well below its prior assurances. In reaction to this announcement, the price of Knight's shares dropped by 14% in one day. Before disclosing the above information, certain Knight insiders sold $50,000,000 worth of their personally held Knight common stock. The plaintiff seeks to recover damages on behalf of all purchasers of Knight securities during the Class Period. She is represented by the law firm of Goodkind Labaton Rudoff & Sucharow LLP, which has extensive experience in prosecuting investor class actions involving financial fraud and has prosecuted securities, antitrust and consumer class actions for over 30 years. If you are a member of the Class described above, you may, no later than January 16, 2001, 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: Jonathan M. Plasse, Esq. Christopher J. Keller, Esq. GOODKIND LABATON RUDOFF & SUCHAROW LLP 100 Park Avenue New York, New York 10017-5563 212-907-0700 E-mail addresses: plassej@glrs.com kellerc@glrs.com Goodkind Labaton Rudoff & Sucharow LLP has extensive experience in prosecuting securities class actions and has obtained excellent recoveries for investors in numerous cases. The firm has been recognized by federal and state courts throughout the country for its expertise in shareholder and other complex litigation. For additional information about Goodkind Labaton, please visit their Web site at glrs.com. SOURCE Goodkind Labaton Rudoff & Sucharow LLP CO: Goodkind Labaton Rudoff & Sucharow LLP; Knight Trading Group ST: New York IN: FIN SU: LAW 01/04/2001 12:07 EST prnewswire.com