Burt & Pucillo, LLP, Announces Notice of Pendency of Class Action Against Med/Waste, Inc.WEST PALM BEACH, Fla.--(BUSINESS WIRE)--June 16, 1999-- The law firm of Burt & Pucillo, LLP LLP - Lower Layer Protocol , announced pursuant to Section 21D(a)(3)(A)(i) of the Securities Exchange Act of 1934 ("Exchange Act"), that a shareholder of Med/Waste, Inc. (Nasdaq:MWDSE) initiated 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 alleging violations of the federal securities laws which was filed in the United States District Court for the Southern District of Florida The United States District Court for the Southern District of Florida (S.D.Fl.) is the federal district court covering the southern part of the state of Florida. The court's jurisdiction comprises the following counties: Broward, Dade, Highlands, Indian River, Martin, Monroe, . The action is brought on behalf of a class of persons who purchased the common stock of Med/Waste, Inc. ("Med/Waste" or the "Company") during the period from May 5, 1998 through June 3, 1999 (the "Class Period"). The Complaint in this action alleges that purchasers of Med/Waste common stock during the Class Period were damaged by reason of the Company's issuance of false financial statements for each of the first three quarters of 1998. Specifically, the Complaint alleges that the Company reported profits for each of the first three quarters of 1998, when, in fact, the Company sustained losses of as much as $1.75 million during that period. The Company has now acknowledged that it will report losses for 1998 of over $9 million, and has voluntarily withdrawn from a NASDAQ listing. In addition, the Complaint alleges that one of the named defendants sold all of his shares of Med/Waste stock at nearly $7.00 per share during the Class Period. The action was filed by the law firm of Burt & Pucillo, LLP, of West Palm Beach, Florida West Palm Beach, also known as West Palm, is the most populous city in Palm Beach County, Florida, USA. The city is also the oldest incorporated municipality in South Florida. According to the University of Florida's 2006 estimates, the city had a population of 107,617. . The firm of Burt & Pucillo, LLP, concentrates its practice in the representation of shareholders in class action claims under the federal securities laws in Florida and throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For further information on the firm's prior experience in class and securities 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. and expertise in the prosecution of such claims, or if you are a member of the Class described above and wish to learn more about this action or serve as a lead plaintiff, you may contact Plaintiff's counsel, Michael J. Pucillo or Wendy H. Zoberman at Burt & Pucillo, LLP, at 1-800-349-4612 or 561-835-9400, or e-mail addresses See Internet address. e-mail address - electronic mail address : law@burt-pucillo.com or burtpucill@aol.com. A motion for appointment of a lead plaintiff must be filed by Monday, August 16, 1999. |
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