Anicom Sued for Securities Fraud, Announces Berman DeValerio & Pease LLP.Business Editors & Legal Writers BOSTON--(BUSINESS WIRE)--Aug. 22, 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: Anicom, 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 : ANIC ANIC Australian National Insect Collection ANIC American National Insurance Company ANIC Anosmia, Isolated Congenital ANIC ATM Network Interface Card (Cisco) ) and certain of its officers has been named in a shareholder lawsuit pending in the United States District Court for the Northern District of Illinois The United States District Court for the Northern District of Illinois is the Federal district court whose jurisdiction comprises the following counties, divided into two divisions: . The lawsuit, filed by Berman, DeValerio & Pease LLP, www.bermanesq.com, seeks class action status and has been brought for violations of sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The Class consists of all persons who purchased the common stock of Anicom during the period February 24, 1998 through July 18, 2000. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the lawsuit, Anicom engaged in "accounting irregularities" rendering its 1998 and 1999 financial statements unreliable and which may require a restatement of as much as $35 million of reported revenue. Further, Anicom has placed its President/CEO and CFO See Chief Financial Officer. on administrative leave pending the investigation. As a result of this announcement, NASDAQ has halted trading in Anicom stock, and as of the date of this press release, trading has not resumed. If you purchased Anicom common stock during the period February 24, 1998 through July 18, 2000, you may wish to contact the lawyers at Berman, DeValerio & Pease LLP to discuss your rights and interests: Jennifer Finger, Esq. Jeffrey C. Block, Esq. Berman, DeValerio & Pease LLP One Liberty Square, Boston, MA 02109 E-Mail: bdplaw@bermanesq.com (800) 516-9926 You can also visit us at 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 18, 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. Berman, DeValerio & Pease LLP has substantial experience in prosecuting class actions on behalf of investors. The firm has been appointed lead counsel in many major shareholder lawsuits pending throughout the country. The firm prides itself on its responsiveness to shareholders and their needs in particular cases. |
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