Class Action Suit Filed Against Fritz Companies Inc. and Its Officers and Directors Alleging Misrepresentations, False Financial Statements and Insider Trading.SAN DIEGO--(BUSINESS WIRE)--July 31, 1996--A class action has been commenced in the United States District Court for the Northern District of California The United States District Court for the Northern District of California is the Federal district court whose jurisdiction comprises following counties: Alameda, Contra Costa, Del Norte, Humboldt, Lake, Marin, Mendocino, Monterey, Napa, San Benito, San Francisco, San Mateo, Santa by plaintiff Susan Polk Susan Polk (born Susan Mae Bolling in 1958) was a housewife and mother of three who was convicted of murdering her husband, Dr. Frank "Felix" Polk. Dr. Polk was a prominent Berkeley psychologist. on behalf of purchasers of Fritz Companies Inc. ("Fritz") common stock during the period August 28, 1995 to July 23, 1996. The complaint charges Fritz and certain of its officers and directors with violations of the federal securities laws by making misrepresentations about Fritz's business, growth and acquisitions, and financial results. By issuing these allegedly false and misleading statements, defendants artificially inflated Fritz's stock price from $36.50 on August 28, 1995 to a Class Period high of $43.75 in November 1995, allowing one of Fritz's top insiders to sell or otherwise distribute 166,000 shares of his Fritz stock at as high as $36.50 per share, for $6 million, before the true facts about Fritz's false financial statements and internal control failures were revealed and Fritz's stock collapsed to as low as $12.25 per share. Plaintiff who has sued seeks to recover damages on behalf of all purchasers of Fritz common stock during the Class Period (the "Class"). She is represented 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]
Milberg Weiss has been actively engaged in 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. , emphasizing securities and antitrust class actions, for more than 20 years. The firm has offices in 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 , San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and Los Angeles and is active in major litigations pending in federal and state courts throughout the United States. The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm to major positions in complex multi-district or consolidated litigations. Milberg Weiss has taken a lead role in numerous important actions on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total approximately $2 billion. Barrack, Rodos & Bacine has prosecuted securities, antitrust and consumer class actions for 20 years from offices in Philadelphia, San Diego and New York. The Barrack Rodos firm is nationally recognized, having been designated lead counsel by federal and state courts across the country in large, complex cases. Most significantly, Barrack Rodos is acknowledged as an outstanding trial firm, having most recently won a multi-million dollar verdict in Gutierrez v. Givens, a consumer class action, tried by the firm on behalf of 29,000 California residents. If you are a member of the Class described above, you may, no later than 60 days from today, move the Court to serve as lead plaintiff of the Class, if you so choose. In order 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 notice or your rights or interests, please contact plaintiff's counsel, William Lerach of Milberg Weiss at 619/231-1058 or Leonard Barrack of Barrack Rodos & Bacine at 800/417-7305. CONTACT: Milberg Weiss William Lerach, 619/231-1058 or Barrack Rodos & Bacine Leonard Barrack, 800/417-7305 |
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