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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: StocksDATsoar who wrote (124257)	12/14/2003 1:42:19 PM
From: Rocket Red	Read Replies (2) \| Respond to of 150070

Okay Tim the Tool Man He uses his TOOL for his weapon

To: StocksDATsoar who wrote (124257)	12/14/2003 1:48:52 PM
From: Rocket Red	Read Replies (1) \| Respond to of 150070

A class action suit against the Nasdaq Stock Market Inc. ("Nasdaq") and its President and CEO (collectively, the "Defendants") in the United States District Court for the Southern District of New York, 03-CV09730, on behalf of all persons who traded the stock of Corinthian Colleges, Inc. (Nasdaq:COCO) between 10:46 a.m. and approximately 12:30 p.m. on December 5, 2003 (the "Class Period"). The complaint alleges that the Defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and SEC Rule 10b-5. Beginning at approximately 10:46 a.m. on December 5, 2003, the market price of COCO fell precipitously from $57.45 to as low as $38.97 per share within 12 minutes. At 10:58 a.m., Nasdaq halted trading in COCO, stating that the plunge was caused by "misuse or malfunction" of an electronic trading system. Nasdaq permitted trading to resume approximately one hour later at 11:55 a.m. When COCO reopened at 11:55 a.m., the price of the stock recovered quickly. Approximately 30 minutes after trading in COCO resumed, Nasdaq belatedly announced that it would cancel all trades in COCO made between 10:46 a.m. and 10:58:08 a.m. At no time prior to approximately 12:30 p.m. did Nasdaq inform investors that it would cancel all trades in COCO between 10:46 a.m. and 10:58:08 a.m. Therefore, during the period between the time COCO resumed trading at 11:55 a.m. and the time Nasdaq announced the cancellation of such trades at approximately 12:30 p.m., investors made trading decisions in reliance on Nasdaq's statement that trading had resumed and without knowing that Nasdaq had decided to cancel the trades between 10:46 a.m. and 10:58:08 a.m. Nasdaq's belated cancellation of such trades caused injury to investors who traded COCO securities between 10:46 a.m. and approximately 12:30 p.m. on December 5, 2003. If you traded COCO securities during the Class Period, you may move for appointment as Lead Plaintiff on or before February 9, 2004. A Lead Plaintiff is a representative party that acts on behalf of other class members in directing the litigation. The Private Securities Litigation Reform Act of 1995 directs courts to assume that the class member(s) with the "largest financial interest" in the outcome of the case will best serve the class in this capacity. Courts have discretion in determining which class member(s) have the "largest financial interest," and have appointed Lead Plaintiffs with substantial losses in both absolute terms and as a percentage of their net worth. If you have sustained substantial losses as a result of trading COCO securities during the Class Period, Contact EndFraud.com for more information