Barrack Rodos Announces Class Action Lawsuit Against Raytheon Company.PHILADELPHIA--(BUSINESS WIRE)--Nov. 30, 1999-- Counsel for Class Plaintiff, Barrack BARRACK. By this term, as used in Pennsylvania, is understood an erection of upright posts supporting a sliding roof, usually of thatch. 5 Whart. R. 429. , Rodos & Bacine, today issued the following: A class action has been commenced 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. on behalf of all persons who purchased or otherwise acquired the Class A (NYSE NYSE See: New York Stock Exchange : RTNa or RTN RTN Return RTN Raytheon Company (stock symbol) RTN Research Training Network RTN Rotarian RTN Routing Transit Number RTN Recursive Transition Network RTN Register Transfer Notation RTN Radial Tangential Normal .a) or Class B (NYSE: RTNb or RTN.b) common stock (collectively the "common stock") of Raytheon Company ("Raytheon" or the "Company"), between January 28, 1999 and October 12, 1999, inclusive (the "Class Period"). The complaint alleges that Raytheon and certain of its officers and directors violated Section 10(b) 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. The complaint alleges that defendants issued a series of materially false and misleading statements about trends in the Company's business and failed to disclose the problems it was experiencing in integrating its acquisitions. As a result of these materially false and misleading statements and omissions, plaintiff alleges that the price of Raytheon common stock was artificially inflated during the Class Period. After the October 12, 1999 press release, Raytheon shares fell as much as $19.38 per share, a new 52-week low. The plaintiff seeks to recover damages on behalf of all purchasers of Raytheon common stock traded during the Class Period (the "Class"). She is represented by the law firm of Barrack, Rodos & Bacine, which has extensive experience in prosecuting investor class actions involving financial fraud. Barrack, Rodos & Bacine has prosecuted securities, antitrust Antitrust The antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. They prohibit a variety of practices that restrain trade. and consumer class actions for over 20 years. The firm has offices in Philadelphia, San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , 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 , Boston and New Jersey and has been designated lead counsel by federal and state courts across the country in large, complex cases. For more information about Barrack, Rodos & Bacine, please visit their website at www.barrack.com. If you are a member of the Class described above, you may, no later than December 13, 1999, 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 case or your rights or interests, please contact: Maxine S. Goldman, Shareholder Relations Manager Barrack, Rodos & Bacine, Counsel for Class Plaintiff 3300 Two Commerce Square 2001 Market Street Philadelphia, PA 19103 800-417-7305 or 215-963-0600 fax number 888-417-7306 or 215-963-0838 e-mail at msgoldman@barrack.com |
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