Class Action Lawsuit Filed Against Oakwood Homes Group.PHILADELPHIA--(BUSINESS WIRE)--Nov. 23, l998--Savett Frutkin Podell & Ryan, P.C. announces 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 Middle 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 purchasers of Oakwood Homes Group (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 :OH) ("Oakwood Homes" or the "Company") common stock from Dec. 29, l997 through and including July 21, l998 (the "Class Period"), against Oakwood Homes and its chief executive officer alleging violations of the Securities Exchange Act of l934. The Complaint charges Oakwood Homes (OH) and its chief executive officer with violations of Section 10(b) and 20(a) of the Securities Exchange Act of l934. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Complaint, during the Class Period, defendants disseminated disseminated /dis·sem·i·nat·ed/ (-sem´i-nat?ed) scattered; distributed over a considerable area. dis·sem·i·nat·ed adj. Spread over a large area of a body, a tissue, or an organ. numerous announcements concerning the financial condition of Oakwood which were materially false and misleading. Plaintiff seeks to recover damages on behalf of class members and is represented by Savett Frutkin Podell & Ryan, P.C., which has significant experience in litigating complex class actions including class actions on behalf of investors and shareholders. If you purchased stock of Oakwood Home (OH) during the period of Dec. 29, l997 through and including July 21, l998 you may move the court to serve as lead plaintiff to the class within 60 days from Nov. 18, l998. If you wish to discuss this action, or any have questions concerning this notice or your rights with respect to this matter, please contact Robert P. Frutkin, Esquire at Savett Frutkin Podell & Ryan, P.C. by calling toll-free 800/993-3233, or via Internet electronic mail at sfprpc@op.net or by writing Savett Frutkin Podell & Ryan, P.C. at 325 Chestnut Street, Suite 700, Philadelphia, Pa. 19106. |
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