To: Robert Morrison who wrote (1170 ) 4/1/1998 1:54:00 PM From: Bullseye Read Replies (2) | Respond to of 1800
I sent an email with the institutional ownership info of TRII to : 1) Laurie Rice (CYI) 2) Richard Stern (Stern & Co) + reminder on tuesday with cc to info@sternco.com in order to be sure of an answer Laurie said that CYI will make use of the list. From Mr. Stern however, I received no answer .. no nothing, even after 2 emails. (How the #@^$!! hell is this possible ?) One shiny note though : Laurie said that she will forward the information to Stern&Co. (let's hope that Stern will move on this one) CYI Management : it's time to shake the tree of the institutions ! Just in case that CYI management missed another major TRII headline : (which proves again that CYI / Stern&Co. should act * NOW * ) --- Class Action Filed Against Transcrypt International Inc. LOS ANGELES (March 31) BUSINESS WIRE -March 31, 1998--Pursuant to Section 21(D)(A)(3)(a)(i) of the Securities Exchange Act of 1934, Notice is hereby given that a Class Action has been commenced in the U.S. District Court for the District of Nebraska on behalf of a class (the "Class") consisting of all persons who purchased the common stock of Transcrypt International Inc. (Nasdaq:TRII) between Oct. 15, 1997, and March 27, 1998, inclusive (the "Class Period"). The complaint charges Transcrypt and certain of its officers with violations of federal securities laws. Among other things, plaintiff claims that defendants' material omissions and the dissemination of materially false and misleading statements regarding the nature of Transcrypt operations drove Transcrypt's stock price to a Class-Period high of $27 per share and enabled insiders to profit from sales of Transcrypt common stock at artificially inflated prices. On the last day of the Class Period, March 27, 1998, Transcrypt announced that the company would be making adjustments to the company's previously announced financial results. Transcrypt common stock fell to a low of $8.87 per share, inflicting enormous damages on investors. Plaintiff seeks to recover damages on behalf of Class members and is represented by law firms with significant experience in prosecuting class actions, and substantial expertise in actions involving corporate fraud. If you are a member of the Class described above, you may move the Court, not later than 60 days from March 31, 1998, to serve as lead plaintiff; however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, contact Lionel Z. Glancy of the Law Offices of Lionel Z. Glancy, 1801 Avenue of the Stars, Suite 308, Los Angeles, Calif. 90067, by telephone at 310/201-9150, or by e-mail to lglancy@aol.com; or by contacting Edward Toptani of Toptani Law Offices, 1035 2nd Ave., Suite 2 North, New York, N.Y. 10022, by telephone at 212/293-0565, or by e-mail to egtoptani@webtv.net; or by contacting David W. Rowe of Kinsey Ridenour Becker & Kistler, 206 S. 13th St., No. 1301, Lincoln, Neb. 68508, by telephone at 402/438-1313, or by e-mail to krbk@compuserve.com. -0- RPL/la* JP/la CONTACT: The Law Offices of Lionel Z. Glancy, Los Angeles Lionel Z. Glancy, 310/201-9150 lglancy@aol.com or Toptani Law Offices, New York Edward Toptani, 212/293-0565 egtoptani@webtv.net or Kinsey Ridenour Becker & Kistler, Lincoln David W. Rowe, 402/438-1313 krbk@compuserve.com KEYWORD: CALIFORNIA NEW YORK NEBRASKA Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com ---