American Electric Power Named in Shareholder Class Action, Announces Berman DeValerio & Pease LLP.Business Editors & Legal Writers BOSTON--(BUSINESS WIRE)--Aug. 8, 2000 Berman, DeValerio & Pease LLP LLP - Lower Layer Protocol Boston largest and most experienced 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: American Electric Power American Electric Power (NYSE: AEP) is a major investor-owner electric utility in various parts of the United States. It is headquartered in Columbus, Ohio. It serves parts of 11 states, and is currently the largest electricity generating utility in the United States. Company, Inc. ("AEP AEP - Application Environment Profile " or the "Company") (NYSE NYSE See: New York Stock Exchange : AEP) was named yesterday as a defendant in a shareholder class action lawsuit 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 Eastern District or 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 . 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 AEP common stock between July 25, 1997 and June 25, 1999 (the "Class Period"). The lawsuit alleges that AEP and certain of its officers violated the federal securities laws. Specifically, the complaint charges that AEP made materially false and misleading statements regarding the impaired condition of its D.C. Cook nuclear power plant and the adverse affect that the problems had, and would have, on the company's business and its financial results. As a result, the complaint alleges that the price of AEP common stock was artificially inflated during the Class Period. If you purchased AEP common stock during the Class Period and suffered a loss on your investment, you may wish to contact Berman, DeValerio & Pease, LLP to discuss your rights and interests: Julayne Lazar Michael Lange Michael Lange is an American television director. Lange's best known directorial work has been on the television series The O.C., Beverly Hills, 90210, The Larry Sanders Show, Northern Exposure, Eureka, The Pretender, 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 the firm 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 by no later than August 25, 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 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, 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. |
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