Class Action Lawsuit Commenced Against CyberShop.com, Inc. by Bernstein Liebhard & Lifshitz, LLP.Business/Legal Editors NEW YORK--(BUSINESS WIRE)--March 6, 2000 The following was announced today by the law firm of Bernstein Liebhard & Lifshitz, LLP LLP - Lower Layer Protocol : A securities 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 commenced on behalf of purchasers of the common stock of CyberShop.com, Inc.(Nasdaq:CYSP) ("CyberShop" or the "Company"), between October 26, 1999 and February 24, 2000, inclusive, (the "Class Period"), in the United States District Court for the District of New Jersey The United States District Court for the District of New Jersey is the Federal district court whose jurisdiction is the state of New Jersey. It was established in 1789. New Jersey is the largest state by population to only have one District Court. The Honorable Garrett E. . The complaint charges CyberShop and certain of its directors and executive officers with violations of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated prom·ul·gate tr.v. prom·ul·gat·ed, prom·ul·gat·ing, prom·ul·gates 1. To make known (a decree, for example) by public declaration; announce officially. See Synonyms at announce. 2. thereunder. The complaint alleges that the defendants issued materially false and misleading information concerning the Company's business, earnings and prospects. As a result, CyberShop's stock price was artificially inflated throughout the Class Period. The complaint alleges that certain corporate insiders took advantage of this run up in the Company's stock price to dump thousands of their own shares and realize millions of dollars in proceeds from their illicit Not permitted or allowed; prohibited; unlawful; as an illicit trade; illicit intercourse. ILLICIT. What is unlawful what is forbidden by the law. Vide Unlawful. 2. insider trading. Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise acquired CyberShop common stock during the Class Period. If you purchased or otherwise acquired CyberShop securities during the Class Period, and either lost money on the transaction or still hold the stock, you may wish to join in the action to serve as lead plaintiff. In order to do so, you must meet certain requirements set forth in the applicable law and file appropriate papers no later than 60 days from March 1, 2000. Bernstein Liebhard & Lifshitz, LLP has been retained as one of 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]
If you would like to discuss this action or if you have any questions concerning this Notice or your rights as a potential class member or lead plaintiff, you may contact Mr. Mark Punzalan, Director of Shareholder Relations at Bernstein Liebhard & Lifshitz, LLP, 10 East 40th Street, 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 , New York 10016, (800) 217-1522 or 212-779-1414 or by e-mail at CYSP@bernlieb.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion