Ackerman, Link & Sartory, P.A. Announces Securities Class Action.WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Oct. 16, 1998--Ackerman, Link & Sartory, P.A. announced Friday that notice is hereby given that 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 was filed on Oct. 6, 1998 in the United States District Court for the Southern District of Florida The United States District Court for the Southern District of Florida (S.D.Fl.) is the federal district court covering the southern part of the state of Florida. The court's jurisdiction comprises the following counties: Broward, Dade, Highlands, Indian River, Martin, Monroe, . The complaint names Charles Cobb Charles Cobb (born 1963) is a music producer. Cobb is affiliated with the California music scene of the 1970s and 1980s, noted for revival of bands and artists who were on the down swing of their careers to revive and breathe new life. Jr., Phillip Frost, Martin Shugrue, John Sicilian, Richard Pfenniger, Mark J. Hanna, Hershel F. Smith Jr. and John J. Ogilby Jr. as Defendants. Also named as a Defendant is Furman, Selz, LLP LLP - Lower Layer Protocol . The complaint charges that Defendants violated Section 14(a) of the Securities and Exchange Act of 1934 (the "1934 Act") by making misstatements of material fact in a Pan Am Corp. proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. dated Sept. 5, 1997 (the "Proxy"). The Proxy was employed in connection with a shareholder vote held at the Sept. 26, 1997 Pan Am shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. to approve a merger between Carnival Air and a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Pan Am (the "Merger"). The Plaintiffs seek to recover damages on behalf of class members who were shareholders of Pan Am Corp. as of Sept. 5, 1997 (the "Class Period") and are represented by the law firm of Ackerman, Link & Sartory, P.A., among others. Ackerman, Link & Sartory, P.A. maintains an office in West Palm Beach and is active in major litigations pending in federal and state courts throughout the United States. If you are a member of the class described above, you may, not later than 60 days from Oct. 6, 1998, 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 or interests with respect to these matters, please contact Ackerman, Link & Sartory, P.A. (Scott J. Link or Tracy L. Gerber) at 222 Lakeview Avenue, Suite 1330, West Palm Beach, FL 33401, telephone 888/257-1529, email at tgerber@alslaw.com. |
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