Berger & Montague Announces Class Action Lawsuit Against UICI on Behalf of Investors.Business Editors/Legal Writers PHILADELPHIA--(BUSINESS WIRE)--Dec. 23, 1999 Berger & Montague, P.C. (http:\\home.bm.net) announced that on December 16, 1999, it filed 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 for violations of the federal securities laws in the United States District Court for the Northern District of Texas The United States District Court for the Northern District of Texas (N.D. Tex.) is a United States district court. Its first judge, Andrew Phelps McCormick, was appointed to the court on April 10, 1879. The court convenes in Dallas, Texas. against UICI (NYSE NYSE See: New York Stock Exchange :UCI UCI University of California, Irvine UCI Union Cycliste Internationale (International Cycling Union) UCI Unidad de Cuidados Intensivos UCI United Cinemas International (UK) ) and two of its highest officers, on behalf of all persons who purchased UICI common stock between May 5, 1999, and December 9, 1999, inclusive. Case No. 3-99CV2860-X. The Complaint charges that UICI and two of its officers violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The Complaint alleges that defendants issued materially misleading financial statements which overstated corporate earnings by recording inadequate reserves for credit card losses at UICI's United CreditServ subsidiary. The Complaint further alleges that one of the defendants utilized his inside information regarding the artificial inflation of the Company's stock price to sell significant amounts of his personal UICI stock holdings. If you purchased UICI common stock during the May 5, 1999, through December 9, 1999 time period, you may wish to join the action. You many move the court to serve as a lead plaintiff on or before February 15, 2000. The law firm of Berger & Montague, P.C., has over 50 attorneys, all of whom represent plaintiffs in complex litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . The Berger firm has extensive experience in representing plaintiffs in class action securities litigation and has played lead roles in major cases over the past 25 years which have resulted in recoveries in excess of two billion dollars to investors. The firm is currently representing investors as lead counsel in actions against Waste Management, Inc Waste Management, Inc. (NYSE: WMI) is a waste management, comprehensive waste, and environmental services company in North America. The company's network includes 413 collection operations, 370 transfer stations, 283 active landfill disposal sites, 17 waste-to-energy plants, ., Sunbeam Corp., and numerous other companies. If you wish to discuss this action or have any questions concerning this notice or your rights with respect to this matter, you may call or write to: Sherrie R. Savett, Esq. Arthur Stock, Esq. Susan Kutcher, Investor Relations Investor relations The process by which the corporation communicates with its investors. Manager Berger & Montague, P.C. 1622 Locust Street Philadelphia, PA 19103 Phone: 888/891-2289 or 215/875-3000 Fax: 215/875-4604 Website: http://home.bm.net e-mail: InvestorProtect@bm.net |
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