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Attention Shareholders of Golden Bear Golf Inc.


BALA CYNWYD Cynwyd is a small village in Denbighshire, Wales, about two miles south-west of the town of Corwen. It is home to a large factory, run by Ifor Williams Trailers. See also
  • Bala Cynwyd, Pennsylvania
, Pa.--(BUSINESS WIRE)--July 28, 1998--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 July July: see month.  28, 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, , on behalf of all persons who purchased or otherwise acquired the common stock of Golden Bear Golf, Inc. ("Golden Bear" or the "Company"), from August 1, 1996 through July 24, 1998, inclusive (the "Class Period").

The complaint charges Golden Bear (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
: JACK) and certain of its officers and directors with overstating the Company's revenues, net income, and earnings per share throughout the Class Period and making materially false or misleading statements regarding the operations of its 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.
, Paragon Construction International.

As a result of defendants' actions, the price of Golden Bear common stock was artificially inflated at all times during the Class Period.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin Craig & Barroway, LLP LLP - Lower Layer Protocol  which has significant experience and expertise prosecuting class actions on behalf of investors and shareholders.

If you are a member of the class described above, you may, not later than sixty days from the date of this notice, 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 Schiffrin Craig & Barroway, LLP (Andrew L. Barroway, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at classlaw@ix.netcom.com.

   CONTACT: Schiffrin Craig & Barroway, LLP
             Andrew L. Barroway, Esq. 888/299-7706 (toll free)
             or 610/667-7706
             e-mail at classlaw@ix.netcom.com


COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Article Type:Article
Geographic Code:1USA
Date:Jul 28, 1998
Words:298
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