Attention: Shareholder Class Action Filed Against Inso Corp. by the Law Firm of Weiss & Yourman.NEW YORK--(BUSINESS WIRE)--Feb. 3, 1999--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 against Inso Corporation ("Inso" or the "Company") and certain individuals associated with the Company was commenced today in the United States District Court for the District of Massachusetts The United States District Court for the District of Massachusetts is the Federal district court whose jurisdiction is the Commonwealth of Massachusetts. The first court session was held in Boston in 1789. , Case No. 99 CV 10208, on behalf of investors who purchased INSO shares during the period April 22, 1998 through and including January 28, 1999 (the "Class Period"). The complaint charges that during the Class Period the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as Rule 10b-5 promulgated prom·ul·gate tr.v. prom·ul·gat·ed, prom·ul·gat·ing, prom·ul·gates 1. To make known (a decree, for example) by public declaration; announce officially. See Synonyms at announce. 2. thereunder. More specifically, the complaint alleges that defendants disseminated a series of false and misleading statements concerning the Company's financial results in that the Company had improperly recognized revenues of over $7 million during 1998. As a result of these false and misleading statements, the price of Inso common stock was artificially inflated during the Class Period. When Inso revealed that its financial statements had been overstated o·ver·state tr.v. o·ver·stat·ed, o·ver·stat·ing, o·ver·states To state in exaggerated terms. See Synonyms at exaggerate. o , the price of its common stock fell by more than 60%. This action seeks to recover damages on behalf of defrauded investors who purchased Inso securities during the Class Period. Plaintiff is represented by Weiss & Yourman, a law firm possessing significant experience and expertise in prosecuting class actions on behalf of defrauded shareholders in federal and state courts throughout the United States. Weiss & Yourman has been appointed by courts to serve as lead counsel in numerous complex litigations and has recovered hundreds of millions of dollars on behalf of investors. If you purchased Inso securities during the Class Period you may move the court no later than sixty days from February 1, 1999, to serve as a lead plaintiff of the class. In order to serve as a lead plaintiff, 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 this matter, or if you have any information you wish to provide to us, please contact Joseph D. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. by calling toll-free (888) 593-4771 or (212) 682-3025 in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , or via Internet electronic mail at wynyc@aol.com or by writing Weiss & Yourman, The French Building, 551 Fifth Avenue, Suite 1600, 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 , NY 10176. |
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