Abraham & Paskowitz Announces Expansion of NewPower Holdings Class Action Investigation and Requests That Documents be Preserved.Business Editors/Legal Writers NEW YORK--(BUSINESS WIRE)--March 4, 2002 Abraham & Paskowitz announced today that it has expanded its investigation into the allegations set forth in the class action Complaint filed earlier this week on behalf of investors in NewPower Holdings, Inc. ("NewPower" or "the Company") (NYSE NYSE See: New York Stock Exchange : NPW-news) common stock. The expanded investigation includes issues pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to certain energy pricing contracts in the PJM PJM Pacific Journal of Mathematics PJM Project Manager PJM Puerto Jimenez, Costa Rica (Airport code) PJM Pennsylvania New Jersey Maryland Interconnection LLC (Mid-Atlantic region power pool) Interconnection region, NewPower's relationships with certain strategic partners, and investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. and underwriter conflicts of interests. Abraham & Paskowitz has also formally communicated a request to NewPower Holdings, through its counsel, that no documents be discarded or destroyed that will be potentially important to this action, including e-mail files, and tape and video recordings. If you purchased shares of NewPower Holdings stock during the period from October 5, 2000 through December 5, 2001, you may move the Court no later than April 29, 2002 to serve as lead plaintiff for the Class. In order to serve as lead plaintiff, you must meet certain legal standards. Abraham & Paskowitz is a growing law firm which specializes in shareholder and consumer class action 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. throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and has won numerous landmark decisions and large settlements of behalf of its clients. The firm's website is at www.classactionsonline.com. If you wish to discuss this action with us, or have any questions concerning this notice or your rights and interests with regard to the case, please contact the following: Laurence Paskowitz or Eva Chatty One Pennsylvania Plaza, Suite 1910 New York, NY 10119 Phone number: (800) 938-0015 Email: classattorney@aol.com Website: http://www.classactionsonline.com SOURCE: Abraham & Paskowitz CO: Abraham & Paskowitz |
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