Class Action Lawsuit Commenced Against Procter & Gamble - PG - by Bernstein Liebhard & Lifshitz, LLP.Business/Legal Editors NEW YORK--(BUSINESS WIRE)--March 13, 2000 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 P&G, Inc.(NYSE NYSE See: New York Stock Exchange :PG) ("P&G" or the "Company"), between January 25, 2000 and March 6, 2000, inclusive, (the "Class Period"), 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 Souther District of Ohio The District of Ohio was a federal judicial district of the United States created by the Federal Judiciary Act of 1801 which consisted of the Northwest and Indiana Territories. . The complaint charges P&G 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 financial and operating condition as well as its prospects for future growth during the Class Period. The complaint alleges that the Company misrepresented that it was achieving successful growth in line with expectations under its restructuring plan. In fact, P&G's growth had slowed considerably due to sharply increased costs, delays in regulatory approvals for new products and increased competition. The truth was disclosed on March 7, 2000 when P&G announced third quarter earnings 10 to 11 percent below a year ago and revised downward its anticipated earnings per share growth for the remainder of the fiscal year. In response, P&G shares plunged more than 30% in value. Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise acquired P&G common stock during the Class Period. If you purchased or otherwise acquired P&G 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 8, 2000. Bernstein Liebhard & Lifshitz, LLP LLP - Lower Layer Protocol 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 PG@bernlieb.com. |
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