A Class Action Lawsuit Filed Against Turbodyne Technologies by Kirby McInerney & Squire, LLP.NEW YORK--(BUSINESS WIRE)--Jan. 22, 1999-- The following is an announcement from Kirby McInerney & Squire, LLP LLP - Lower Layer Protocol : 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 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 Central District of California on behalf of all purchasers of Turbodyne Technologies, Inc. ("Turbodyne") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :TRBD) common stock between March 1, 1997 through January 22, 1999 inclusive (the "Class Period"). The Complaint asserts claims under the federal securities laws,including claims for violation of Section 10(b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 of the Securities Exchange Commission, for the issuance of materially false and misleading statements concerning the demand for and market acceptance of Turbodyne's products, the strength of its technologies and its competitiveness and the trends in its business, all of which drove Turbodyne's stock price to a Class Period high of approximately $17.00 per share. Plaintiff seeks to recover damages on behalf of all persons who purchased Turbodyne common stock during the Class Period, excluding the defendants and their affiliates, and is represented by Kirby McInerney & Squire, LLP (formerly Kaufman Malchman Kirby & Squire). The firm has specialized in complex litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , including securities and consumer class actions for decades. It repeatedly has demonstrated its expertise in this field, and has been appointed to lead positions in consolidated and multi-district litigation. Kirby McInerney's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling hundreds of millions of dollars. Courts have chronicled the firm's achievements and quality of service in published decisions. The firm has been responsible for significant recoveries, or injunctive relief injunctive relief n. a court-ordered act or prohibition against an act or condition which has been requested, and sometimes granted, in a petition to the court for an injunction. , for its clients and class members. If you are a member of the Class described above, you may, not later than sixty days from January 22, 1999, move the Court to serve as lead plaintiff of the class, if you so choose. In order 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, please contact: Jeffrey H. Squire, Esq. Daniel Hume, Esq. Danielle Feman, Paralegal KIRBY McINERNEY & SQUIRE, LLP 830 Third Avenue, 10th Floor New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York 10022 (212) 371-6600 kms@kmslaw.com (E-mail address See Internet address. e-mail address - electronic mail address ) |
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