Class Action Filed on Behalf of NationsBank -- NB -- Shareholders by Savett Frutkin Podell & Ryan, P.C.PHILADELPHIA--(BUSINESS WIRE)--Oct. 21, 1998--Savett Frutkin Podell & Ryan, P.C. announced that 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 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 Western District of North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. on behalf of all former shareholders of NationsBank Corp. ("NationsBank") (NYSE NYSE See: New York Stock Exchange :NB) who were entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to vote on the merger of NationsBank and BankAmerica Corp. (NYSE:BAC BAC abbr. blood alcohol concentration ) on Sept. 30, 1998 (the "Merger"). The Complaint charges BankAmerica Corp. (BAC) and certain of its officers and directors with violations of Section 14(a) of the Securities Exchange Act of 1934 in connection with the Merger by issuing a materially false and misleading Proxy Statement-Prospectus. Plaintiff seeks to recover damages on behalf of all NationsBank (NB) shareholders of record on Aug. 4, 1998, excluding the defendants and their affiliates. Plaintiff is represented by Savett Frutkin Podell & Ryan, P.C., a law firm with extensive experience in prosecuting class actions, and significant expertise in actions involving corporate fraud. If you are a member of the class described above, you may, not later than Dec. 14, 1998, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, 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, please CONTACT: Barbara A. Podell, Esquire SAVETT FRUTKIN PODELL & RYAN, P.C. 325 Chestnut Street, Suite 700 Philadelphia, PA 19106 Telephone: 800-993-3233 Fax: (215) 923-9353 E-Mail: sfprpc@op.net |
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