Berman, DeValerio & Pease, LLP Charges Lernout & Hauspie With Securities Fraud.Business/Technology Editors BOSTON--(BUSINESS WIRE)--Aug. 16, 2000 Berman, DeValerio & Pease pease n. pl. pease or peas·en Archaic A pea. [Middle English; see pea. LLP LLP - Lower Layer Protocol Boston's largest and most experienced law firm specializing in representing shareholders in class actions, issues the following press release: Lernout & Hauspie Speech Products N.V. (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 :LHSP LHSP List Hosting Service Provider LHSP Left Handed Starting Pitcher ) ("L&H" or the "Company") was named as a defendant in a shareholder class action filed 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. . The actions, which seek damages for alleged violations of the federal securities laws, has been brought on behalf of all investors who purchased L&H common stock from December 28, 1999 through and including August 7, 2000 (the "Class Period"). The complaints allege To state, recite, assert, or charge the existence of particular facts in a Pleading or an indictment; to make an allegation. allege v. that the Company's statements regarding its business and financial results were materially misleading because they included 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 and/or fictitious sales in Korea. After the truth about the Korean sales was revealed, the price of L&H's shares fell as low as $26-3/4 per share. If you purchased Lernout & Hauspie Speech Products N. V. common stock during the Class Period and suffered a loss on your investment, you may wish to contact Berman, DeValerio & Pease LLP to discuss your rights and interests: Julayne M. Lazar Michael G. Lange, Esq. Berman, DeValerio & Pease LLP One Liberty Square Boston, MA 02109 E-Mail: bdplaw@bermanesq.com. (800) 516-9926 To learn more about this action, other cases or class actions in general, you can also visit our website at www.bermanesq.com. If you wish to apply to be the Lead Plaintiff in this action, a motion must be filed on your behalf with the court by no later than 60 days from August 9, 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 the Lead Plaintiff, however, you must meet certain legal requirements. You may contact Berman, DeValerio & Pease LLP to discuss your rights regarding the appointment of Lead Plaintiff and your interest in the class action. With offices in Boston and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Berman, DeValerio & Pease LLP has extensive experience prosecuting shareholder class actions. The firm has been appointed lead counsel in numerous actions involving companies that have issued false and misleading statements, has successfully litigated these actions, and has been singled out for its excellence by many courts. The firm prides itself on its responsiveness to shareholders and their needs in particular cases. |
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