Cohen, Milstein Files Securities Fraud Class Action Suit Against AVT Corporation.Business Editors/Legal Writers SEATTLE--(BUSINESS WIRE)--March 21, 2000 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. (www.cmht.com) has filed 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 in the United States District Court for the Western District of Washington The United States District Court for the Western District of Washington is the Federal district court whose jurisdiction comprises the following counties: Clallam, Clark, Cowlitz, Grays Harbor, Island, Jefferson, King, Kitsap, Lewis, Mason, Pacific, Pierce, San Juan, Skagit, on behalf of all persons who purchased the common stock of AVT AVT avian arginine vasotocin. See vasotocin. Corporation (Nasdaq:AVTC AVTC Antivirus Test Center (informatics, University of Hamburg) AVTC Automatic Vehicular Traffic Control ) between January 20, 2000 and March 17, 2000 (the "Class Period"). The Complaint charges AVT Corporation and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The Complaint alleges that defendants issued a series of false and misleading statements during the Class Period which concealed AVT's true financial condition in order to prevent the decline in the price of AVT stock, in order to reap more than $46 million in insider trading proceeds. On March 17, 2000, the Company stunned stun tr.v. stunned, stun·ning, stuns 1. To daze or render senseless, by or as if by a blow. 2. To overwhelm or daze with a loud noise. 3. investors revealing that it would fall desperately short of meeting its forecasted earnings for the first quarter 2000 and for the entire year 2000. This revelation caused AVT stock to be halted on NASDAQ and ultimately to plummet to $11.38 per share, a decline of approximately 34% from its Class Period high of $33.25, on extraordinary volume of 18,142,800 shares (compared to AVT's three-month average volume of 288,762 shares). Plaintiff's counsel, Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has prosecuted a significant number of class actions on behalf of investors and actions involving financial fraud. With offices in Washington D.C. and Seattle, the firm 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. Cohen, Milstein's reputation for excellence has been recognized on repeated occasion by courts which have appointed the firm to lead positions in complex, multi-district or consolidated litigation. The firm 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 hundreds of millions of dollars. If you purchased AVT Corporation stock during the class period (January 20, 2000 through March 17, 2000) you may move the Court, no later than 60 days from today to serve as lead plaintiff for the class. In order to serve as lead plaintiff, you must meet certain legal standards. If you have any questions about this Notice, the lawsuit, your rights or concerning lead plaintiff, please contact any one of the following attorneys: Steven J. Toll (stoll@cmht.com) or Lori G. Feldman (lfeldman@cmht.com) of Cohen, Milstein, Hausfeld & Toll, P.L.L.C., 999 Third Avenue, 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. 98104. PH.: 888/240-1238 or 206/521-0080. |
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