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Non-Tech : ACLN Ltd (NASD:ACLNF) -- Ignore unavailable to you. Want to Upgrade?

To: Yorikke who wrote (30)	12/28/2001 1:46:02 PM
From: Yorikke	Read Replies (1) \| Respond to of 41

more problems, a raft of suits.... siliconinvestor.com The Complaint alleges that defendants violated Section 10(b) and 20(a) of the Securities and Exchange Act of 1934 by issuing a series of false and misleading statements, and omissions of material fact during the Class Period, concerning the Company's purported ownership of a $6 million ship named the Sea Atef; the unreported disposition of 27% of the Company's stock by Defendant Bisschops; the understatement of the Company's selling, general and administrative expenses in 2000; payments to a company controlled by Defendant Bisschops for purported "administrative services"; and the overstatement of the number of new cars sold in the first quarter of 2001. The Complaint alleges that as a result of these false and misleading statements the price of ACLN securities were artificially inflated throughout the Class Period causing plaintiff and the other members of the Class to suffer damages.