Class Action Filed Against Riscorp, Certain Of Its Officers And Directors And The Underwriters Of The Company's Initial Public Offering Alleging Violations Of Federal Securities Laws.NEW YORK--(BUSINESS WIRE)--Jan. 22, 1997--A class action has been commenced in the United States District Court for the Middle District of Florida The United States District Court for the Middle District of Florida serves the residents of thirty-five counties from eight courthouses. The counties are: Baker, Bradford, Brevard, Charlotte, Citrus, Clay, Collier, Columbia, De Soto, Duval, Flagler, Glades, Hamilton, Hardee, , Civil Action No. 97-109-Civ-T-17C, on behalf of all purchasers of Riscorp Inc. ("Riscorp") Class A common stock who purchased pursuant to the company's initial public offering ("IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ") on Feb. 28, 1996 or thereafter in the aftermarket up to and including March 16, 1996 (the "Class Period"). The Complaint, filed 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, Esq., alleges that Riscorp, certain of its officers and directors, and the underwriters of the IPO violated the Securities Act of 1933 and the Securities Exchange Act of 1934 by issuing to the investing public false and misleading statements regarding, among other things, Riscorp's financial performance, revenue, and earnings growth and their impact on the company's future. The Complaint alleges that as a result of these misrepresentations and omissions Riscorp's Class A common stock was artificially inflated throughout the Class Period. Plaintiff seeks to recover damages suffered by class members and is represented by the law firms of Rabin & Garland and Leo W. Desmond, Esq. Rabin & Garland 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 are a member of the class described above, you may move the Court to serve as lead plaintiff of the class 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 Joseph V. McBride or Marvin L. Frank, Rabin & Garland, 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, by e-mail at rabinlaw@ix.netcom.com CONTACT: RABIN & GARLAND Joseph V. McBride or Marvin L. Frank 800/497-8076 212/682-1818 rabinlaw@ix.netcom.com |
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