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Class action lawsuit filed against Centennial Technologies Inc.


PHILADELPHIA--(BUSINESS WIRE)--Feb. 12, 1997--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
 captioned "Stephen Campbell v. Centennial Technologies Inc., et al., 97-10321 (J. Keaton)" was filed in the United States District Court for the District of Massachusetts The United States District Court for the District of Massachusetts is the Federal district court whose jurisdiction is the Commonwealth of Massachusetts. The first court session was held in Boston in 1789.  (the "Court") on behalf of a Class (the "Class"), consisting of purchasers of the common stock of Centennial Technologies Inc. ("Centennial") during the period Nov. 6, 1996 through Feb. 10, 1997, inclusive (the "Class Period").

The complaint alleges that Centennial and two of Centennial's senior officers, Emmanuel Pinez and James Murphy James Murphy may refer to:
  • James Murphy (electronic musician) (born 1970), principal member of LCD Soundsystem and head of DFA Records
  • James Murphy (footballer) (1910–1989), Association Football player and manager
, issued false and misleading financial statements throughout the Class Period in violation of the federal securities laws.

On Feb. 11, 1997 Centennial announced that it was launching an inquiry into the accuracy of its reported earnings for the second quarter of fiscal 1997 ended Dec. 31, 1996 and the accuracy of its financial statements for prior periods. Centennial also announced that it fired Pinez, its chairman of the board and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and Murphy, its chief financial officer.

Plaintiffs are represented by several 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]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
 including Savett Frutkin Podell & Ryan, P.C. which have significant experience and expertise in prosecuting class actions on behalf of investors and shareholders.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Stuart H. Savett or Robert P. Frutkin of Savett Frutkin Podell & Ryan, P.C., 320 Walnut Street A number of streets are named Walnut Street:
  • Walnut Street (Harrisburg)
  • Walnut Street (Philadelphia)
Walnut Street may also refer to:
  • Walnut Street Bridge
  • Walnut Street (NJT station), in Montclair, New Jersey
, Suite 508, Philadelphia, PA 19106, 800/993-3233.

CONTACT: Savett Frutkin Podell & Ryan, P.C.

Stuart H. Savett or Robert P. Frutkin, 800/993-3233
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 12, 1997
Words:258
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