Agribio Tech, Inc. Sued by Investors for Securities Fraud.MINNEAPOLIS--(BUSINESS WIRE)--Feb. 12, 1999--The following notice is being issued by Lockridge Grindal Nauen & Holstein P.L.L.P. of Minneapolis, Minnesota “Minneapolis” redirects here. For other uses, see Minneapolis (disambiguation). Minneapolis (pronounced IPA: /ˌmɪniˈæpəlɪs/) is the largest city in the U.S. on behalf of certain investors of AgriBio Tech, Inc. (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 :ABTX-news): You are hereby notified that on February 11, 1999, a securities fraud 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 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 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 against AgriBio Tech, Inc. and certain of its officers and directors (collectively the "Defendants"). The lawsuit has been brought on behalf of all persons who purchased AgriBio Tech, Inc. common stock during the period October 8, 1998 through January 22, 1999. The Complaint alleges that Defendants violated the federal securities laws, Section 10(b) and 20(a) of the Securities Exchange Act of 1934, by misrepresenting or failing to disclose material information about the status of AgriBio Tech's efforts to find a buyer for the company, including the possible price range and time frame. As a result of Defendants' false and misleading statements and omissions, the price of AgriBio Tech's stock was artificially inflated during the Class Period. On January 22, 1999, after the close of trading, the Company announced that it had abandoned its efforts to find a buyer and would only continue to make acquisitions on an "opportunistic basis." Plaintiffs' counsel in this action -- Lockridge Grindal Nauen & Holstein P.L.L.P. -- has significant experience in prosecuting investor class actions and actions involving financial fraud. The firm has offices in Minneapolis, Minnesota and Washington, D.C. and is active in major 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. pending in federal and state courts 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. . Any member of the proposed class who desires to be appointed lead plaintiff in this action must file a motion with the Court no later March 26, 1999. Class members must meet certain legal requirements to serve as a lead plaintiff. If you have questions or information regarding this action, or if you are interested in serving as a lead plaintiff in this action, you may call or write: |
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