Class Action Filed Against Rainforest Cafe and Certain of its Officers and Directors Alleging Violations of the Federal Securities Laws.NEW YORK--(BUSINESS WIRE)--March 9, 1998--A putative class action has been filed in the United States District Court for the District of Minnesota The United States District Court for the District of Minnesota is the Federal district court whose jurisdiction is the state of Minnesota. It was established by an act of Congress on March 17, 1849. on behalf of purchasers of Rainforest Cafe Rainforest Cafe is a themed restaurant chain owned by Landry's Restaurants, Inc. of Houston, Texas. It was founded and created by entrepreneur Steven Schussler. Description Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : RAIN) common stock during the period Oct. 20, 1997 through Jan. 6, 1998, inclusive (the "Class Period"). The Complaint alleges that Rainforest Cafe and certain of its officers and directors violated the Securities Exchange Act of 1934 by making a series of false and misleading statements regarding, among other things, sales trends in certain of the Company's restaurants. In particular, it is alleged that defendants concealed known adverse facts concerning the Company's poor sales trends at certain of its restaurants thereby enabling certain defendants to sell their own shares of Rainforest at artificially inflated prices during the Class Period. The Complaint alleges that as a result of these material misrepresentations and omissions, persons and entities who purchased Rainforest common stock during the Class Period described above (the "Class") were damaged. Plaintiff will seek to recover damages on behalf of the Class if a Class is certified by the Court. Plaintiff is 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]
Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. W. Desmond, and Reinhardt & Anderson. Rabin & Peckel LLP and its predecessor firms have devoted its practice to shareholder class actions and complex commercial 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. for more than thirty years and have recovered hundreds of millions of dollars for shareholders in class actions throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . If you purchased Rainforest Cafe common stock during the Class Period described above, you may no later than March 16, 1998 move the Court to serve as lead plaintiff, if you so choose. 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 announcement or your rights or interests, please contact plaintiff's counsel, Joseph V. McBride, Rabin & Peckel LLP, 275 Madison Avenue, 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 , NY 10016, by telephone at 800-497-8076 or 212/682-1818, by facsimile at 212/682-1892, or by e-mail at rabinlaw@ix.netcom.com; Leo Desmond, The Law Office of Leo W. Desmond, 2161 Palm Beach Lakes Blvd., Suite 204, West Palm Beach, FL 33409, by telephone at 561/712-8000, by facsimile at 561/712-8002, by e-mail at Info@SecuritiesAttorney.com, or at his website at www.SecuritiesAttorney.com; or Randall H. Steinmeyer, Reinhardt & Anderson, E-1000 National Bank Building, 332 Minnesota Street, St. Paul, Minnesota 5510, by telephone at 612/227-9990, by facsimile at 612/297-6543, or by e-mail at ralaw@minn.net. CONTACT: Rabin & Peckel LLP Joseph V. McBride 800-497-8076 212/682-1818 rabinlaw@ix.netcom.com or The Law Office of Leo W. Desmond Leo W. Desmond 888/337-6663 561/712-8000 Info@SecuritiesAttorney.com www.SecuritiesAttorney.com or Reinhardt & Anderson Randall H. Steinmeyer 612/227-9990 ralaw@minn.net |
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