Class action suit filed against Employee Solutions Inc.SEATTLE--(BUSINESS WIRE)--March 18, 1997--The following Notice is issued by the law firm of Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , Milstein, Hausfeld & Toll, P.L.L.C. on behalf of its client, who has filed a 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. on behalf of purchasers of the common stock of Employee Solutions Inc. (Nasdaq: ESOL ESOL English for Speakers of Other Languages ESOL Endless Snorts of Stupid Laughter ESOL Evaluator Series Online ). ESOL is an employee-leasing company which operates as the employer of record for its clients, assuming payroll and personnel obligations as well as the maintenance of employee health insurance, term life insurance programs, pension plans, 401K plans and risk management/workers compensation. On March 17, 1997, Lucian B. Cox, III, and others filed a litigation in the United States District Court for the District of Arizona The United States District Court for the District of Arizona is the Federal district court whose jurisdiction is the state of Arizona. The United States Attorney's Office for the District of Arizona represents the United States in civil and criminal litigation in this court. (Phoenix) against ESOL, its Chairman of the Board (Marvin D. Brody), its President (Harvey A. Belfer), its chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. (Roy Alan Flegenheimer), its Vice-President of Sales (Edward L. Cain, Jr.), and its Chief Financial Officer (Morris C. Aaron). The action is brought as a class action on behalf of all persons who purchased ESOL common stock from November 14, 1995 through March 14, 1997 (the Class). Mr. Cox alleges that during this period, the defendants issued incorrect financial and business information about ESOL, through material misstatements and omissions of material facts about ESOL, its finances, performance, and reporting of its reserves. Mr. Cox alleges that this caused the market price of ESOL common stock to be artificially inflated, and caused him and other purchasers to pay too much for their ESOL common stock. The Complaint brings claims under the Federal Securities Laws and seeks damages for all members of the Class. If you are a member of the Class who purchased ESOL common stock between November 14, 1995 and March 14, 1997 (the "Class Period"), you may move the Court to serve as lead plaintiff for the Class. You must do so by May 19, 1997. In order to serve as lead plaintiff, you must meet certain legal standards. Plaintiff Cox's counsel in this action -- Cohen, Milstein, Hausfeld & Toll, P.L.L.C. -- has litigated securities class actions for decades; it has handled numerous cases in antitrust, securities, commercial business, consumer, and environmental toxic tort A toxic tort is a special type of personal injury lawsuit in which the plaintiff claims that exposure to a chemical caused the plaintiff's toxic injury or disease. Different types Toxic torts arise in different contexts. litigation, both in class and group actions. If you have any questions about this Notice or the action, or with regard to your rights, please contact the following attorneys: Steven J. Toll, at 206/521-0080, 1301 Fifth Avenue, Suite 2905, Seattle, Washington  This page is protected from moves until disputes have been resolved on the .The reason for its protection is listed on the protection policy page. 98101, or Andrew N. Friedman, at 202/408-4600, 1100 New York Avenue The following roads are named New York Avenue:
CONTACT: Steven J. Toll, 206/521-0080, or Andrew N. Friedman, 202/408-4600 both of Cohen, Milstein, Hausfeld & Toll, P.L.L.C. |
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