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To: scion who wrote (108748)10/12/2009 1:48:17 PM
From: scion  Respond to of 122087
 
The Brualdi Law Firm, P.C. Announces Class Action Lawsuit Against Spongetech Delivery Systems, Inc.

2009-10-12 13:04 ET - News Release
stockwatch.com

NEW YORK, Oct. 12, 2009 (GLOBE NEWSWIRE) -- The Brualdi Law Firm, P.C. announces that a lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of all purchasers of SpongeTech Delivery Systems, Inc. ("SpongeTech" or the "Company") (OTCBB:SPNGE) (OTCBB:SPNG) stock between April 15, 2008 and October 5, 2009, inclusive (the "Class Period") for violations of the federal securities laws.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased SpongeTech common stock during the Class Period, and wish to move the court for appointment of lead plaintiff, you must do so by December 8, 2009. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You do not need to seek appointment as a lead plaintiff in order to share in any recovery.

To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Sue Lee at The Brualdi Law Firm, P.C. 29 Broadway, Suite 2400, New York, New York 10006, by telephone toll free at (877) 495-1187 or (212) 952-0602, by email to slee@brualdilawfirm.com or visit our website at brualdilawfirm.com .

The Complaint charges that SpongeTech, and certain of its directors and officers violated federal securities laws by issuing false and misleading financial information to investors and engaging in a stock manipulation scheme. In particular, the Complaint alleges that SpongeTech misrepresented its sales revenues, failed to disclose alleged short selling of the Company's stock by certain, and improperly forged opinion letters of counsel in order to permit the sale of the Company's stock. The Complaint further alleges that as the truth of the scheme was disclosed publicly the price of SpongeTech stock fell dramatically -- damaging investors. As a result of this alleged misconduct, the Company is the subject of a formal SEC investigation and the SEC has temporarily suspended trading in the Company's stock.

CONTACT: The Brualdi Law Firm, P.C.
Sue Lee, Esq.
(212)-952-0602
(877)-495-1187
slee@brualdilawfirm.com

stockwatch.com



To: scion who wrote (108748)10/14/2009 9:07:35 PM
From: scion  Respond to of 122087
 
Quang Le is Lead Plaintiff in the lawsuit filed by Rosen.

1:09-cv-08616-JGK Le et al v. Spongetech Delivery Systems, Inc. et al

Le et al v. Spongetech Delivery Systems, Inc. et al
Assigned to: Judge John G. Koeltl
Cause: 15:78m(a) Securities Exchange Act

Date Filed: 10/09/2009
Jury Demand: Plaintiff
Nature of Suit: 890 Other Statutory Actions
Jurisdiction: Federal Question

Plaintiff
Quang Le
Individually
represented by
Laurence Matthew Rosen
The Rosen Law Firm, P.A.
350 5th Avenue, Suite 5508
New York , NY 10118
(212)-686-1060
Fax: (212)-202-3827
Email: lrosen@rosenlegal.com
LEAD ATTORNEY
ATTORNEY TO BE NOTICED

Phillip C. Kim
The Rosen Law Firm P.A.
350 5th Avenue, Suite 5508
New York , NY 10118
(212) 686-1060
Fax: (212) 202-3827
Email: pkim@rosenlegal.com
LEAD ATTORNEY
ATTORNEY TO BE NOTICED

Plaintiff
Quang Le
On behalf of all others similarly situated represented by Laurence Matthew Rosen
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED

Phillip C. Kim
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED

V.
Defendant
Spongetech Delivery Systems, Inc.

Defendant
Michael L. Metter

Defendant
Steven Moskowitz

Defendant
Frank Lazauskas

Defendant
RM Enterprises International, Inc.

Date Filed # Docket Text

10/14/2009 6 SUMMONS RETURNED EXECUTED. Frank Lazauskas served on 10/14/2009, answer due 11/3/2009. Service was accepted by Dawn, Secretary (substituted service). Document filed by Quang Le(Individually). (Kim, Phillip) (Entered: 10/14/2009)

10/14/2009 5 SUMMONS RETURNED EXECUTED. Quang Le(Individually) served on 10/14/2009, answer due 11/3/2009. Service was accepted by Dawn, Secretary (substituted service). Document filed by Quang Le(Individually). (Kim, Phillip) (Entered: 10/14/2009)

10/14/2009 4 SUMMONS RETURNED EXECUTED. Steven Moskowitz served on 10/14/2009, answer due 11/3/2009. Service was accepted by Dawn, Secretary (Substituted Service). Document filed by Quang Le(Individually). (Kim, Phillip) (Entered: 10/14/2009)

10/14/2009 3 SUMMONS RETURNED EXECUTED. RM Enterprises International, Inc. served on 10/14/2009, answer due 11/3/2009. Service was accepted by Dawn, Secretary. Document filed by Quang Le(Individually). (Kim, Phillip) (Entered: 10/14/2009)

10/14/2009 2 SUMMONS RETURNED EXECUTED. Spongetech Delivery Systems, Inc. served on 10/14/2009, answer due 11/3/2009. Service was accepted by Dawn, Secretary. Document filed by Quang Le(Individually). (Kim, Phillip) (Entered: 10/14/2009)

10/13/2009 ***NOTE TO ATTORNEY TO E-MAIL PDF. Note to Attorney Laurence Matthew Rosen for noncompliance with Section (14.3) of the S.D.N.Y. Electronic Case Filing Rules & Instructions. E-MAIL the PDF for Document 1 Complaint, to: case_openings@nysd.uscourts.gov. (mro) (Entered: 10/13/2009)

10/09/2009 Case Designated ECF. (mro) (Entered: 10/13/2009)

10/09/2009 Magistrate Judge Ronald L. Ellis is so designated. (mro) (Entered: 10/13/2009)

10/09/2009 SUMMONS ISSUED as to Frank Lazauskas, RM Enterprises International, Inc., Spongetech Delivery Systems, Inc., Michael L. Metter, Steven Moskowitz. (mro) (Entered: 10/13/2009)

10/09/2009 1 COMPLAINT against Frank Lazauskas, RM Enterprises International, Inc., Spongetech Delivery Systems, Inc., Michael L. Metter, Steven Moskowitz. (Filing Fee $ 350.00, Receipt Number 702590)Document filed by Quang Le(Individually), Quang Le(On behalf of all others similarly situated).(mro) (mro). (Entered: 10/13/2009)

ecf.nysd.uscourts.gov