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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Doo who wrote (16299)	2/11/2002 11:51:29 AM
From: Mr. Pink	Read Replies (2) \| Respond to of 18998

ACRT, a long and fruitful battle! All hail! Mr. P$nk

To: Doo who wrote (16299)	3/5/2002 6:25:16 PM
From: StockDung	Respond to of 18998

ACRT....All Hail, The Good Lord Pink->Class Action Lawsuit Commenced Against Actrade Financial Technologies, Inc. By The Law Offices of Marc S. Henzel BALA CYNWYD, Pa., March 5 /PRNewswire/ -- A class action suit alleging securities fraud has been filed in the United States District Court for the Southern District of New York against Actrade Financial Technologies, Inc. (Nasdaq: ACRT) and certain of its officers and directors on behalf of all persons who purchased Actrade common stock during the period March 11, 1999 through February 8, 2002, inclusive (the "Class Period"). The complaint alleges that the defendants violated section 10(b) of the Securities Exchange Act of 1934 ("the Exchange Act"), and Rule 10b-5 promulgated thereunder, and Section 20(a) of the Exchange Act, by issuing a series of press releases and public filings containing materially false or misleading statements representing that the Company provided short-term loans to businesses to finance commercial transactions. The complaint alleges that these statements were false and misleading because defendants knew, or recklessly disregarded, that the Company had also loaned millions of dollars to individuals for non-commercial purposes, defrauded its sureties into providing coverage for these loans, and had overstated its financial results based on these fraudulent lending practices. The complaint further alleges that defendants' actions artificially inflated the price of Actrade common stock during the Class Period. Plaintiff is represented by The Law Offices of Marc S. Henzel. If you bought the securities during the class period, you may, no later than April 16, 2002, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. If you have any questions concerning this case or your rights or interests with respect to these matters, please contact: Marc S. Henzel, Esq. of The Law Offices of Marc S. Henzel, 273 Montgomery Ave, Suite 202 Bala Cynwyd, PA 19004-2808, by telephone at (888) 643-6735 or (610) 660-8000, by facsimile at (610) 660-8080, by e-mail at Mhenzel182@aol.com or visit the firm's website at members.aol.com. MAKE YOUR OPINION COUNT - Click Here tbutton.prnewswire.com SOURCE Law Offices of Marc S. Henzel CO: Law Offices of Marc S. Henzel; Actrade Financial Technologies, Inc. ST: Pennsylvania, New York IN: FIN SU: LAW 03/05/2002 15:05 EST prnewswire.com