Burt &Pucillo Announces Class Action Lawsuit Against Sykes Enterprises, Inc.Business Editors &Legal Writers WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Feb. 2, 2000 Notice of Pendency Pend´en`cy n. 1. The quality or state of being pendent or suspended. 2. The quality or state of being undecided, or in continuance; suspense; as, the pendency of a suit s>. of Class Action Pursuant to Section 21D(a)(3)(A)(i) of the Securities Exchange Act of 1934 (&uot;Exchange Act&uot;), Notice is hereby given that on February 1, 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 for the Middle District of Florida The United States District Court for the Middle District of Florida serves the residents of thirty-five counties from eight courthouses. The counties are: Baker, Bradford, Brevard, Charlotte, Citrus, Clay, Collier, Columbia, De Soto, Duval, Flagler, Glades, Hamilton, Hardee, against Sykes Enterprises, Inc. The action is brought on behalf of a class of persons who purchased the common stock of Sykes Enterprises, Inc. (Nasdaq:SYKE) (&uot;Sykes&uot; or the &uot;Company&uot;) during the period from April 26, 1999 through January 31, 2000 (the &uot;Class Period&uot;). The Complaint alleges that Sykes and key members of management violated the Securities Exchange Act of 1934 and Rule 10(b)(5) by issuing materially false and misleading information concerning Sykes' reported results of operations during 1999. The Complaint alleges that Sykes has failed to comply with GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). with respect to 1999 financial reporting. The Company's stock price fell to a 52-week low of $18.56 after the disclosure that year end results will be delayed due to questions raised by the Company's auditors. The action was filed by the firm of Burt &Pucillo, LLP LLP - Lower Layer Protocol (&uot;Burt &Pucillo&uot;) 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 in Florida and 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. Motions for appointment of a lead plaintiff must be filed on or before April 1, 2000. |
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