Burt & Pucillo Announces Notice of Pendency of Class Action.Business Editors & Legal Writers WEST PALM BEACH, Fla.--(BUSINESS WIRE)--March 13, 2000 Pursuant to Section 21D(a)(3)(A)(i) of the Securities Exchange Act of 1934 ("Exchange Act"), Notice is hereby given that on March 10, 2000, 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 was filed in the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. for the Southern District of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of against Sotheby's Holdings, Inc. The action is brought on behalf of a class of persons who purchased the common stock of Sotheby's Holdings, Inc. (NYSE NYSE See: New York Stock Exchange :BID) ("Sotheby's" or the "Company") during the period from February 11, 1997 and January 29, 2000 (the "Class Period"). The complaint alleges that Sotheby's and certain of its officers and directors violated the Securities Exchange Act of 1934 and Rule 10b-5 by issuing materially false and misleading information concerning Sotheby's business and financial condition during the Class Period. Specifically, the complaint alleges that Sotheby's misrepresented the extent to which its revenue and earnings were the product of an illegal price-fixing conspiracy with its primary competitor, and misrepresented the extent to which prices were competitive in the auction industry. The action was filed by the firm of Burt & Pucillo, LLP LLP - Lower Layer Protocol ("Burt & Pucillo") 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 concentrates its practice in the representation of shareholders in class action claims under the federal securities laws throughout the United States. 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 serve as a lead plaintiff in this action, you may contact Plaintiff's counsel, Michael J. Pucillo at Burt & Pucillo, at 561/835-9400 or 800/349-4612, or e-mail address: law@burt-pucillo.com or burtpucill@aol.com, or visit us at our web site at www.burtpucillo.com. Motions for appointment of a lead plaintiff must be filed on or before April 11, 2000. |
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