Just a bit of news while we are speaking of SPCT:
BE WELL
BRIAN
To All Persons or Institutions Who Acquired Spectrian Corporation Common Stock Between July 17, 1997 and October 27, 1997, Inclusive
NEW YORK, Jan. 23 /PRNewswire/ -- On January 23, 1998, a shareholder securities class action lawsuit was filed in the U.S. District Court for the Northern District of California against Spectrian Corporation (Nasdaq: SPCT), ("Spectrian" or the "Company"), Garrett A. Garrettson (President and Chief Executive Officer of Spectrian), and Bruce Wright (Chief Financial Officer of Spectrian), on behalf of purchasers of the common stock of Spectrian between July 17, 1997 and October 23, 1997, inclusive, by the law firms of Schoengold & Sporn, P.C., Berman, DeValerio, Pease and Tabacco, and Cohen Milstein Hausfeld & Toll, PLLC.
The complaint charges defendants with violations of the federal securities laws (Sections 10-b(5) and 20(a) of the Securities Exchange Act of 1934) by virtue of their misrepresentation and/or omission of material information concerning the Company's business and revenues, including material information concerning Spectrian's problems with its power amplifiers, that resulted in the loss of millions of dollars worth of business, thereby artificially inflating the price of Spectrian common stock. In addition, plaintiffs allege that corporate insiders, including Garrettson, an "insider" and control person of Spectrian, reaped millions of dollars by improperly selling shares of Spectrian common stock at artificially inflated prices while in the possession of materially adverse facts.
Plaintiffs seek to recover damages on behalf of the class members, and are represented by the law firms of Schoengold & Sporn, P.C., 233 Broadway, New York, New York 10279, Tel.: 212-964-0046, Fax: 212-267-8137, E-Mail: SCHOENGOLD@AOL.COM; Berman, DeValerio, Pease & Tabacco, 425 California Street, San Francisco, California 94104, Tel.: 415-433-3200, Fax: 415-433-6382, E-Mail: BDPTLAW@AOL.COM; and Cohen Milstein Hausfeld & Toll, PLLC, 999 Third Avenue, Suite 3600, Seattle, Washington 98104, Tel.: 888-240-1238 or 206-521-0080, Fax: 206-521-0166, E-Mail: STOLL@SITECONNECT.COM, which all have extensive experience and expertise prosecuting class actions on behalf of investors and shareholders.
If you are a member of the class described above, you may seek to join in the above class action, or, no later than sixty (60) days from December 24, 1997, move the Court to serve as lead plaintiff.
If you have any questions regarding this action, or wish to join in this matter or discuss your rights or interests in this matter, you may call collect or otherwise contact any of the undersigned:
Schoengold & Sporn, P.C.
Samuel P. Sporn, Esq.
Joel P. Laitman, Esq.
Christopher Lometti, Esq.
Jay P. Saltzman, Esq.
233 Broadway
New York, NY 10279
Tel: 212-964-0046
Fax: 212-267-8137
E-Mail: SCHOENGOLD@AOL.COM
Berman, DeValerio, Pease & Tabacco
Joseph J. Tabacco, Jr., Esq.
Jennifer Abrams, Esq.
425 California St.
San Francisco, CA 94104
Tel: 415-433-3200
Fax: 415-433-6382
E-Mail: BDPTLAW@AOL.COM
Cohen Milstein Hausfield & Toll, PLLC
Steve Toll, Esq.
999 Third Avenue
Suite 3600
Seattle, WA 98104
Tel: 888-240-1238
206-521-0080
Fax: 206-521-0166
E-mail: STOLL@SITECONNECT.COM
SOURCE Shoengold & Sporn, P.C.
CO: Spectrian Corp. |
