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Non-Tech : Cityscape Financial (CTYS) -- Ignore unavailable to you. Want to Upgrade?

To: Shane Stump who wrote (1523)	11/4/1997 4:14:00 PM
From: TNH	Respond to of 2544

Notice of Pendency of Class Action against Cityscape Financial Corp. and Others Business Wire - November 04, 1997 11:41 %MILBERG-WEISS %NEW-YORK %BANKING V%BW P%BW Jump to first matched term NEW YORK--(BUSINESS WIRE)--Nov. 4, 1997--Notice is hereby given that a class action lawsuit was filed on Nov. 3, 1997, in the United States District Court for the Eastern District of New York, Civil Action No. 97-CV-6382, on behalf all persons who purchased or otherwise acquired the common stock of Cityscape Financial Corp. ("Cityscape" or the "Company") between April 1, 1997 and August 15, 1997, inclusive (the "Class Period"). The complaint alleges that Cityscape and certain officers and directors of the Company during the relevant time period violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, by, among other things, misrepresenting material information concerning the Company's loan and accounting policies. In particular, the complaint alleges that the Company failed to disclose that a substantial portion of the Company's income was derived by engaging in inappropriate loan and accounting policies in the United Kingdom. When the truth about the extent and nature of the Company's loan activities and regulatory problems in the United Kingdom became known to the public, the price of Cityscape stock plummeted. Because of the issuance of a series of false and misleading statements concerning Cityscape's business and defendants' concealment of matters regarding the deteriorating business of the Company, the price of Cityscape common stock was artificially inflated during the Class Period. Plaintiff seeks to recover damages on behalf of class members and is represented by the law firms of Milberg Weiss Bershad Hynes & Lerach LLP ("Milberg Weiss") and Kaplan Kilsheimer & Fox LLP ("Kaplan Kilsheimer"), leading firms in the prosecution of class action lawsuits on behalf of defrauded investors. Milberg Weiss maintains offices in New York City, San Diego, Los Angeles and San Francisco and is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in numerous important actions on behalf of defrauded investors, and is responsible for a number of outstanding recoveries which, in the aggregate, total approximately $2 billion. For more information about Milberg Weiss, please visit our website at www.milberg.com. Kaplan Kilsheimer has many years of experience in prosecuting investor class actions and extensive experience in actions involving financial reporting and management fraud. Kaplan Kilsheimer is active in major litigations pending in federal and state courts throughout the United States, has taken a leading role in numerous important actions on behalf of defrauded investors and has recovered damages in the hundreds of millions of dollars on behalf of investors. 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 Milberg Weiss (Steven G. Schulman or Samuel H. Rudman) at One Pennsylvania Plaza, 49th Floor, New York, New York 10119-0165 (telephone: 1-800-922-0187; electronic mail: classact@microweb.com.) or Kaplan Kilsheimer (Frederic S. Fox or Jonathan K. Levine) at 685 Third Avenue, New York, New York 10017 (telephone: 1-800-290-1952; electronic mail: kkfoxlaw@aol.com). CONTACT: Milberg Weiss Bershad Hynes & Lerach LLP, New York Steven G. Schulman/Samuel H. Rudman, 1-800-922-0187 or Kaplan Kilsheimer & Fox LLP Frederic S. Fox/Jonathan K. Levine, 1-800-290-1952