Compaq Computer Corp. Defrauded Shareholders Alleges Lawsuit by Law Offices Bernard M. Gross, P.C.PHILADELPHIA--(BUSINESS WIRE)--March 12, 1999--The Law Offices Bernard M. Gross, P.C. announces that pursuant to Section 21(D)(A)(3)(a)(I) of the Securities Exchange Act of 1934, Notice is hereby given that on March 12, 1999, 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 was filed in the United States District Court for the Southern District of Texas The United States District Court for the Southern District of Texas is the Federal district court with jurisdiction over the southern part of Texas and is a part of the Fifth Circuit. The court's headquarters is in Houston, Texas and has six additional offices in the district. on behalf of a class (the "Class") consisting of all persons who purchased the common stock of Compaq Computer Corp. ("CPQ CPQ Compaq CPQ Conseil du Patronat du Québec (Canada) CPQ Configure-Price-Quote CPQ Conseil de Presse du Québec (Québec Press Council, Canada) CPQ Companion Parrot Quarterly ") from Jan. 27, 1999 through and including Feb. 25, 1999 and were damaged thereby, inclusive (the "Class Period"). The Complaint charges CPQ (NYSE NYSE See: New York Stock Exchange :CPQ) and certain of its officers with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The Complaint alleges that defendants issued a series of materially false and misleading statements that failed to disclose that defendants knew or recklessly disregarded the material facts that sales to small and medium size businesses in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe had slowed in January and such slowdown would negatively effect Compaq's earnings and revenues. During this time period, numerous officers of Compaq sold hundreds of thousands of shares of Compaq common stock in advance of the revelation of the truth. Plaintiffs seek to recover damages on behalf of Class members. Plaintiffs are represented by the Law Offices Bernard M. Gross, P.C. which has significant experience and expertise in prosecuting class actions on behalf of investors and shareholders. Law Offices Bernard M. Gross P.C. has taken a leading role in numerous important actions on behalf of defrauded investors and is responsible for a number of outstanding recoveries. Visit the Law Offices Bernard M. Gross web site at http://www.bernardmgross.com. We also recently filed a securities fraud class action lawsuits on behalf of shareholders of Orbital Sciences Corp. (NYSE:ORB (Object Request Broker) Software that handles the communication of messages from the requesting program (client) to the object as well as any return values from the object back to the calling program. See CORBA and DCOM. See also ORB disk. ) between April 21, 1998 through Feb. 16, 1999 and Advanced Micro Devices (NYSE:AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. ) between Oct. 6, 1998 through and including March 9, 1999. If you are a member of the Class described above, you may move the Court to serve as a lead plaintiff on or before May 11, 1999, 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 any other action we recently filed or have any questions concerning this Notice or your rights or interests with respect to these matters PLEASE CONTACT: Law Offices Bernard M. Gross, P.C. Susan Gross, Esq. Christopher Reyna, Esq. 1500 Walnut Street A number of streets are named Walnut Street:
Philadelphia, PA 19102 Telephone: 800/258-9349 or 215/561-3600 E-mail: susang@bernardmgross.com or chris@bernardmgross.com. Website:http://www.bernardmgross.com |
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