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Class Action Complaint Filed Entitled Mojgan Khaghan. et ano. v. Cityscape Financial Corp., et al in the United States District Court for the Southern District of New York.


NEW YORK--(BUSINESS WIRE)--Nov. 13, 1997--Pursuant to Section 21 (D)(a)(3)(A)(i) of the Securities Exchange Act of 1934 (the "Exchange Act"), notice is hereby given that on Nov. 12, 1997, a class action complaint (the "Complaint") entitled Mojgan Khaghan. et ano. v. Cityscape (company) CityScape - A re-seller of Internet connections to the PIPEX backbone.

E-Mail: <sales@cityscape.co.uk>.

Address: CityScape Internet Services, 59 Wycliffe Rd., Cambridge, CB1 3JE, England. Telephone: +44 (1223) 566 950.
 Financial Corp., et al., Civil Action No. 97-8377(BSJ BSJ Book Store Junkies (Newsgroup) ), 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
 as a class action on behalf of all purchasers of Cityscape Financial Corp.'s ("Cityscape" or the "Company") common stock during the period March 31, 1997 through Oct. 22, 1997 ("Class Period").

The Complaint alleges that, during the Class Period, Cityscape, Robert Grosser, who serves as the Company's Chairman, Chief Executive Officer and President and Robert C. Patent, Cityscape's Vice-Chairman, Executive Vice President and Treasurer, violated the federal securities laws, including Section 10(b) of the Securities Exchange Act of 1934, by misrepresenting and/or omitting material information concerning Cityscape's financial condition and prospects resulting from inappropriate loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 and prepayment policies with respect to the loan activities of Cityscape's United Kingdom subsidiary.

On Oct. 22, 1997, Cityscape announced that its financial results would be adversely impacted by, inter alia [Latin, Among other things.] A phrase used in Pleading to designate that a particular statute set out therein is only a part of the statute that is relevant to the facts of the lawsuit and not the entire statute. , certain initiatives adopted by United Kingdom regulatory officials.

Plaintiffs seek to recover damages and other relief on behalf of all members of the Class. Plaintiffs are represented by the law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
 of Lowey Dannenberg Bemporad & Selinger, P.C. of White Plains, N.Y.; Goodkind Labaton Rudoff & Sucharow, LLP LLP - Lower Layer Protocol  of New York; and Wolf Haldenstein Adler Freeman & Herz of New York, firms with extensive experience prosecuting class actions on behalf of shareholders.

If you wish to discuss this action or desire more information regarding your rights or the lawsuit described above, please contact the following attorneys for plaintiffs:

GOODKIND LABATON RUDOFF LOWEY, DANNENBERG, BEMPORAD

& SUCHAROW LLP & SELINGER, P.C.

Jonathan M. Plasse, Esq. Richard Bemporad, Esq.

Emily C. Komlossy, Esq. David Harrison David Harrison may refer to:
  • David Howard Harrison (1843–1905), Premier of British Columbia, Canada
  • David Harrison (basketball) (born 1982), American
  • David Harrison (cricketer) (born 1981), Welsh-English
, Esq.

100 Park Avenue One North Lexington Avenue

New York, N.Y. 10017 White Plains, N.Y. 10601

Telephone: 212/907-0700 Telephone: 914/997-0500

Internet: plassej@glrs.com Internet: ldbs@westnet.com

WOLF HALDENSTEIN ADLER

FREEMAN & HERZ

Jeffrey Smith, Esq.

270 Madison Avenue

New York, N.Y. 10016

Telephone: 212/545-4600

Any member of the proposed Class may move the Court to serve as lead plaintiff no later than Dec. 5, 1997.

CONTACT: Goodkind Labaton Rudoff & Sucharow LLP

Jonathan M. Plasse, Esq., or

Internet: plassej@glrs.com

Emily C. Komlossy, Esq., 212/907-0700

or

Lowey, Dannenberg, Bemporad & Selinger, P.C.

Richard Bemporad, Esq., or

David Harrison, Esq., 914/997-0500

Internet: ldbs@westnet.com

or

Wolf Haldenstein Adler Freeman & Herz

Jeffrey Smith, Esq., 212/545-4600
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 13, 1997
Words:446
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