Class Action Filed Against Amplidyne Inc. On Behalf of Shareholders Who Purchased Stock Between Sept. 9, 1999, and Sept. 14, 1999.LOS ANGELES--(BUSINESS WIRE)--Sept. 27, 1999-- 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 has been filed in U.S. District Court for the District of New Jersey on behalf of purchasers of Amplidyne am·pli·dyne n. A rotating magnetic amplifier with specialized windings that allow small changes in power input to produce large changes in power output. [Originally a trademark.] Inc. (Nasdaq:AMPD AMPD Alisveris Merkezleri ve Perakendeciler Dernegi (Turkish Council of Shopping Centers and Retailers) AMPD Adenosine Monophosphate Deaminase AMPD Average Miles Driven Per Day AMPD Atomic and Molecular Physics Division ) between Sept. 9, 1999, and Sept. 14, 1999, inclusive (the "Class Period"). Amplidyne designs, manufactures and sells ultra linear power amplifiers Power amplifier The final stage in multistage amplifiers, such as audio amplifiers and radio transmitters, designed to deliver appreciable power to the load. and related subsystems to the worldwide wireless telecommunications market. The defendants include Amplidyne, Devendar Bains, Tarlochan Bains, Harris Freedman freed·man n. A man who has been freed from slavery. freedman Noun pl -men History a man freed from slavery Noun 1. and Sharon Will. The Complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5). The action arises from damages incurred by the Class as a result of a scheme and common course of conduct by defendants which operated as a fraud and deceit on the Class during the Class Period. The defendants' scheme included rendering false and misleading statements and/or omissions concerning the present and future financial condition and business prospects of the company, as well as the financial benefits that would enure TO ENURE. To take, or have effect or serve to the use, benefit, or advantage of a person. The word is often written inure. A release to the tenant for life, enures to him in reversion; that is, it has the same effect for him as for the tenant for life. to Amplidyne and its shareholders. Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Weiss & Yourman, who has significant experience and expertise in prosecuting class actions on behalf of investors and shareholders. If you are a member of the class described above, you may, no later than 60 days from Sept. 16, 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 or interests with respect to this matter, contact plaintiffs' counsel, Ronald Theda, Weiss & Yourman, at 800/437-7918 or e-mail wyinfo@wyca.com. |
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