Cohen, Milstein, Hausfeld & Toll, P.L.L.C. Files Class Action Suit Against NUI Corporation.Business Editors, Legal Writers WASHINGTON--(BUSINESS WIRE)--Dec. 23, 2002 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 filed a lawsuit today 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 Southern District of 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 against NUI (1) (Network User Interface) A user interface for a computer attached to the network. The NUI is designed to work with remote applications and files as easily as local files. Corporation ("NUI") on behalf of all persons or entities who purchased the common stock of NUI (NYSE NYSE See: New York Stock Exchange :NUI) from November 8, 2001 through October 17, 2002, inclusive (the "Class Period"). The complaint alleges that NUI Corporation and John Kean, Jr., NUI's President and Chief Executive Officer, violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated prom·ul·gate tr.v. prom·ul·gat·ed, prom·ul·gat·ing, prom·ul·gates 1. To make known (a decree, for example) by public declaration; announce officially. See Synonyms at announce. 2. thereunder by the United States Securities and Exchange Commission by issuing a series of materially false and misleading statements to the market during the Class Period. The complaint alleges defendants knowingly or recklessly failed to properly record NUI's fixed cost expenses, accrue necessary pension expenses, and reserve adequate amounts for its self-insured medical benefits in its quarterly unaudited financial statements. As a result of defendants actions, it is alleged that the common stock of NUI traded at artificially inflated prices during the Class Period. Plaintiff's counsel -- Cohen, Milstein, Hausfeld & Toll, P.L.L.C. -- has significant experience in prosecuting investor class actions and actions involving financial fraud. The firm has offices in Washington, D.C., Seattle, Washington and New York, New York and is active in major 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. pending in federal and state courts throughout the nation. The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm to lead positions in complex multi-district or consolidated litigation. Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has taken a lead role in numerous important cases on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total over a billion dollars. If you purchased the common stock of NUI during the Class Period, you may, no later than December 30, 2002, move to be appointed as a Lead Plaintiff through counsel of your choice. A Lead Plaintiff is a representative party that acts on behalf of other class members in directing the litigation. If you have any about this notice, please contact: Steven J. Toll, Esq. or Mary Ann Fink Cohen, Milstein, Hausfeld & Toll, P.L.L.C. 1100 New York Avenue The following roads are named New York Avenue:
West Tower, Suite 500 Washington, DC 20005 Telephone: 888/240-0775 or 202/408-4600 E-mail: stoll@cmht.com or mfink@cmht.com |
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