Bernstein Liebhard & Lifshitz, LLP Announces Class Action Filed On Behalf of Sellers of SkyTel Communications, Inc. Securities.NEW YORK--(BUSINESS WIRE)--June 4, 1999-- A securities 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 has been commenced in the United States District Court for the Eastern District of New York EDNY redirects here, for other uses see EDNY (disambiguation). The United States District Court for the Eastern District of New York is the federal district court whose jurisdiction comprises the entirety of Long Island (including the portion in New York City) and Staten on behalf of those persons who sold the common stock and call options or purchased the put options of SkyTel Communications, Inc. (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 :SKYT) ("SkyTel" or the "Company"), between May 25, 1999 and May 28, 1999, inclusive (the "Class Period"). The complaint charges MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. Worldcom, Inc. ("MCI Worldcom") with violations of the Securities Exchange Act of 1934 and 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 MCI Worldcom was considered by the market to be a likely bidder for SkyTel, which had put itself up for sale a few months earlier. In response to inquiries from the financial press about a possible MCI Worldcom-SkyTel merger, MCI Worldcom falsely denied that it was engaged in merger discussions with SkyTel. MCI Worldcom denied the possibility of a merger between the two companies in order to deflate the market price of SkyTel common stock and lower the price it would have to pay to acquire SkyTel. If you would like to discuss this action or if you have any questions concerning this Notice or your rights as a potential class member or lead plaintiff, you may contact Stanley D. Bernstein, Esq., or Michael S. Egan, Esq., at Bernstein Liebhard & Lifshitz, LLP LLP - Lower Layer Protocol , 10 East 40th Street, New York, New York 10016, (800) 217-1522 or 212-779-1414 or by e-mail at skytel@bernlieb.com. |
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