Class Action Filed Against Activision, Inc. -ATVI- by Stull, Stull & Brody On Behalf of Shareholders Who Purchased Securities between February 1, 2001 and December 17, 2002.Business Editors LOS ANGELES--(BUSINESS WIRE)--March 29, 2004 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 was filed in the U.S. District Court for the Central District of California on behalf of purchasers (the "Class") of Activision, Inc., ("Activision" or the "Company") between February 1, 2001 and December 17, 2002, inclusive (the "Class Period"). The Company is traded on the Nasdaq National Market under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors ATVI ATVI Albuquerque Technical Vocational Institute . Defendants include Activision, Robert A. Kotick, Brian G. Kelly, Lawrence Goldberg, Steven T. Mayer, Kathy P. Vraback, Michael J. Rowe, Ronald Doornink, William J. Chardavoyne, Barbara S Barbara maid exemplifying personal and domestic neatness. [Br. Lit.: Old Curiosity Shop] See : Orderliness . Isgur, Richard A. Steele, and Daniel J. Hammett. The Complaint charges that defendants violated vi·o·late tr.v. vi·o·lat·ed, vi·o·lat·ing, vi·o·lates 1. To break or disregard (a law or promise, for example). 2. To assault (a person) sexually. 3. Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5). The Complaint alleges that defendants failed to disclose and indicate: (1) that the Company's market for its video games See video game console. was eroding; (2) that lower sales of its newly introduced products were causing reduced sales and earnings; (3) that the slump in sales of its newly introduced products were causing the Company to lose significant ground to its closest competitors; and (4) that, as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and their earnings projections. Plaintiff seeks to recover damages on behalf of the Class and is represented by the law firm of Stull stull n. 1. A supporting timber or other prop in a mine. 2. A platform braced against the sides of a working area in a mine. , Stull & Brody which has significant experience and expertise in prosecuting class actions on behalf of investors. If you are a member of the Class described above, you may, no later than May 4, 2004 move the Court to serve as lead plaintiff, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action, or have any questions concerning this notice, or your rights with respect to this action, please visit our website at www.secfraud.com or contact the following: Michael D. Braun, Esq. Timothy J. Burke, Esq. Stull, Stull & Brody Telephone: 310-209-2468 Toll-free: 888-388-4605 Email: info@secfraud.com Web-site: www.secfraud.com |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion