Berman, DeValerio & Pease LLP Announces Shareholder Suit Against Pacific Gateway.Business Editors and Legal Writers SAN FRANCISCO--(BUSINESS WIRE)--May 30, 2000 Berman Berman may refer to:
n. pl. pease or peas·en Archaic A pea. [Middle English; see pea. LLP LLP - Lower Layer Protocol a law firm specializing in representing shareholders in class action lawsuits 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 , issues the following press release: Pacific Gateway Exchange Inc. (Nasdaq:PGEX) ("Pacific Gateway" or the "Company") was charged in a securities class action with misleading investors about its financial condition and business prospects. The case was filed in the United States District Court for the Northern District of California The United States District Court for the Northern District of California is the Federal district court whose jurisdiction comprises following counties: Alameda, Contra Costa, Del Norte, Humboldt, Lake, Marin, Mendocino, Monterey, Napa, San Benito, San Francisco, San Mateo, Santa on behalf of all persons and entities who purchased or otherwise acquired the common stock of Pacific Gateway during the period May 13, 1999, through and including March 31, 2000 (the "Class Period"). The action alleges that Pacific Gateway and certain of its officers violated vi·o·late tr.v. vi·o·lat·ed, vi·o·lat·ing, vi·o·lates 1. To break or disregard (a law or promise, for example). 2. To assault (a person) sexually. 3. the federal securities laws by issuing a series of false and misleading statements concerning the Company's publicly reported earnings during the Class Period. On March 31, 2000, Pacific Gateway announced that it was adjusting its net income and earnings per share and revising its quarterly results for 1999. The action seeks to recover damages on behalf of all persons who purchased or otherwise acquired Pacific Gateway common stock during the Class Period. If you purchased Pacific Gateway common stock during the Class Period and suffered a loss on your investment, you may wish to contact the lawyers at Berman, DeValerio to discuss your rights and interests: Alicia M. Duff, Esq. Joseph J. Tabacco, Jr., Esq. Michael G. Lange, Esq. Berman, DeValerio, Pease & Jeffrey C. Block, Esq. Tabacco, LLP Berman, DeValerio & Pease LLP 425 California Street One Liberty Square, Boston, MA 02109 San Francisco, CA 94101 E-Mail: bdplaw@bermanesq.com E-Mail: shahrooz@tabaccoesq.com (800) 516-9926 (415) 433-3200 You can also visit us at our website at www.bermanesq.com. If you wish to apply to be Lead Plaintiff in this action, a motion must be filed on your behalf with the court within the next 7 days, and no later than June June: see month. 6, 2000. If you purchased Pacific Gateway common stock during the Class Period, you have several options with respect to your participation in this action. You may chose to do nothing, in which case, if the court certifies a class of investors for the period described above, you should still be able to participate in the action as a member of the class and share in any recovery obtained. You may also apply, through any counsel of your choice, to serve as Lead Plaintiff. The Lead Plaintiff is responsible for overseeing the prosecution of the action With offices in Boston Boston, town, England Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. 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 in prosecuting shareholder class actions. The firm has been appointed lead counsel in numerous actions involving companies that have issued false and misleading statements, and has successfully litigated those actions. The firm prides itself on its responsiveness to shareholders and their needs in particular cases. |
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