Accounting Fraud At Alcore Subsidiary Leads to Shareholder Lawsuit Against Advanced Technical Products, Inc., Announces Berman DeValerio & Pease LLP.Business Editors & Legal Writers ATLANTA--(BUSINESS WIRE)--Aug. 8, 2000 Berman, DeValerio & Pease pease n. pl. pease or peas·en Archaic A pea. [Middle English; see pea. LLP LLP - Lower Layer Protocol a law firm specializing in representing shareholders in class action lawsuits 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 , issues the following press release: Advanced Technical Products, Inc. (the "Company") (Nasdaq:ATPXE) and its wholly-owned subsidiary Alcore, Inc. ("Alcore") were named as defendants in a shareholder class action filed in the United States District Court for the Northern District of Georgia The U.S. District Court for the Northern District of Georgia serves the residents of forty-six counties. These are divided up into four districts. The Atlanta district includes: Cherokee, Clayton, Cobb, Internet Coffe Phone, Douglas, Fulton, Gwinnett, Henry, Newton, and , Civil Action No. 1-00-CV-1702 . The action, brought by Berman, DeValerio & Pease, LLP, www.bermanesq.com, seeks damages for violations of the federal securities laws on behalf of all investors who purchased ATP ATP: see adenosine triphosphate. ATP in full adenosine triphosphate Organic compound, substrate in many enzyme-catalyzed reactions (see catalysis) in the cells of animals, plants, and microorganisms. common stock between April 22, 1998 through and including March 3, 2000 (the `Class Period"). During the class period, Advanced Technical Products common stock which closed as high as $15 per share is presently trading below $3 per share. The class action seeks to recoup recoup To sell an asset at a price sufficient to recover the original outlay or to offset a previous loss. losses investors have suffered which are attributable to the fraudulent The description of a willful act commenced with the Specific Intent to deceive or cheat, in order to cause some financial detriment to another and to engender personal financial gain. accounting practices at Advanced Technical Products Alcore subsidiary. If you purchased ATP common stock during the Class Period and suffered a loss on your investment, you may wish to contact the lawyers at Berman, DeValerio & Pease LLP to discuss your rights and interests: Alicia M. Duff, Esq. Jeffrey C. Block, Esq. Berman, DeValerio & Pease LLP One Liberty Square Boston, MA 02109 E-Mail: bdplaw@bermanesq.com. (800) 516-9926 To learn more about this action, other cases or class actions in general, you can also visit our website at www.bermanesq.com. If you wish to apply to be Lead Plaintiff in this action, a motion must be filed on your behalf with the court no later than September 5, 2000. To be a member of the class you need not take any action at this time and you may retain counsel of your own choice. To serve as lead plaintiff, however, you must meet certain legal requirements. You may contact the attorneys at Berman, DeValerio & Pease LLP to discuss your rights regarding the appointment of lead plaintiff and your interest in the class action. With offices in Boston and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Berman, DeValerio & Pease LLP has extensive experience prosecuting shareholder class actions. The firm has been appointed lead counsel in numerous actions involving companies that have issued false and misleading statements, has successfully litigated these actions, and has been singled out for its excellence by many courts. The firm prides itself on its responsiveness to shareholders and their needs in particular cases. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion