Cauley & Geller, LLP Announces Class Action Lawsuit Against AVT Corporation Seeking Damages On Behalf of Shareholders.Business Editors BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--March 29, 2000 The Law Firm of Cauley & Geller, LLP LLP - Lower Layer Protocol announced today that it has filed a class action in the United States District Court for the Western District of Washington The United States District Court for the Western District of Washington is the Federal district court whose jurisdiction comprises the following counties: Clallam, Clark, Cowlitz, Grays Harbor, Island, Jefferson, King, Kitsap, Lewis, Mason, Pacific, Pierce, San Juan, Skagit, on behalf of all individuals and institutional investors that purchased the common stock of AVT AVT avian arginine vasotocin. See vasotocin. Corporation ("AVT" or the "Company") (Nasdaq:AVTC AVTC Antivirus Test Center (informatics, University of Hamburg) AVTC Automatic Vehicular Traffic Control ) between January 20, 2000 and March 17, 2000, inclusive (the "Class Period"). The complaint charges that the Company and certain of its officers and directors violated the federal securities laws by providing materially false and misleading information about the Company's financial condition and future growth potential. Specifically, the complaint alleges that the Company was experiencing a slow-down in its core businesses caused, in part, by a reduction in information technologies spending by large and medium-sized businesses. Instead of disclosing the above mentioned adverse facts, certain insiders took advantage of the inflated stock price by selling over 1.4 million shares of their privately held AVT common stock to the investing public. When the truth about the Company was revealed, the price of the stock dropped significantly. Cauley & Geller, LLP has substantial experience representing investors in securities fraud 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 such as this. The firm has offices in Florida, Arkansas and California, but represents shareholders from throughout the nation. If you have any questions about how you may be able to recover for your losses, or if you would like to consider serving as one of the lead plaintiffs in this lawsuit, you must take appropriate action by May 19, 2000. You are encouraged to call or e-mail the Firm or visit the Firm's website at www.classlawyer.com. |
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