Class action filed against International Automated Systems.SALT LAKE CITY--(BUSINESS WIRE)--July 8, 1996--A securities fraud class action was commenced on July 3, 1996, 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 Central District of Utah entitled "Edouard Serfaty v. International Automated Systems, Inc. et al.," Civil No. 2-96-CV-583, to recover damages on behalf of purchasers of the common stock of International Automated Systems, Inc. ("IAS See iPlanet Application Server. 1. (computer) IAS - The first modern computer. It had main registers, processing circuits, information paths within the central processing unit, and used Von Neumann's fetch-execute cycle. " or the "Company") during the period May 13, 1996 through June 27, 1996. The complaint charges IAS and its President, Neldon Johnson, with violations of the federal securities laws. Plaintiff specifically alleges that defendants artificially inflated the price of IAS common stock by issuing false and misleading statements regarding the company's introduction of a purportedly new and revolutionary communications technology called Digital Wave Modulation. Plaintiff is represented by the law firms of Lowey Dannenberg Bemporad & Selinger, P.C. ("Lowey Dannenberg") and Parry Murray & Ward ("Parry Murray"). Lowey Dannenberg has specialized in complex 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. , including corporate and securities class actions, for many years. If you are a member of the Class described above, you may, not 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 Richard Bemporad, a partner in Lowey Dannenberg, in White Plains, New York For other places with the same name, see White Plains (disambiguation). White Plains is a city in south-central Westchester County, New York, about 4 miles (6 km) east of the Hudson River and at 914/997-0500, or Brent D. Ward, a partner in Parry Murray, in Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. at 801/521-3434. CONTACT: Lowey Dannenberg Bemporad & Selinger, P.C., 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 Richard Bemporad, 914/997-0500 or Parry Murray & Ward, Salt Lake City Brent D. Ward, 801/521-3434 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion