[0] Spector, Roseman & Kodroff Announces Class Action Lawsuit Against Laidlaw.Business Editors/Legal Writers PHILADELPHIA--(BUSINESS WIRE)--Oct. 3, 2000 A class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax against Laidlaw Inc. ("Laidlaw" or the "Company") (NYSE NYSE See: New York Stock Exchange : LDW LDW Loss Damage Waiver (insurance) LDW Lane Departure Warning (Infiniti cars) LDW Laidlaw, Inc (former stock symbol) LDW Limited Damage Waiver , TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : LDM LDM Logical Disk Manager LDM Local Data Manager LDM Logical Data Model LDM Last Days Ministries LDM Lorenzo de' Medici School (Florence, Italy and Austin, TX) LDM Limited Distance Modem LDM Long Distance Modem ) and some of its officers and directors has been filed in the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. for the Southern District of New York. The suit is on behalf of bondholders who purchased the bonds of Laidlaw, Inc. between September 24, 1997 and May 12, 2000 ("The Class Period"). The Complaint alleges violations of Sections 11 and 12(a)(2) of the Securities Act of 1933 and violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Also named as defendants in the action are the Company's independent auditors during the Class Period, as well as several underwriters of bond offerings from on September 24, 1997, April 23, 1998, and May 6, 1999. The lawsuit alleges that the Defendants disseminated to the investing public false and misleading financial statements and press releases concerning the Company's credit obligations with respect to Trust Indentures entered into in 1992 and 1997. Additionally, Defendants failed to disclose material information in prospectuses for debenture offerings on September 24, 1997, April 23, 1998, and May 6, 1999. If you purchased or otherwise acquired Laidlaw bonds during this period, you may wish to join the lawsuit. In order to do so, you must meet certain legal requirements and file appropriate papers no later than Oct. 13, 2000. If you wish to discuss this lawsuit, or have any questions concerning this notice or your rights or interests, please contact plaintiffs' counsel at 1-888-844-5862 or via E-mail at classaction@spectorandroseman.com. SOURCE: Spector, Roseman & Kodroff |
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