Cotchett and Haralson Firms Announce Notice of Pending Class Action.Business Editors & Legal Writers BURLINGAME, Calif.--(BUSINESS WIRE)--Sept. 19, 2000 Notice is hereby given that 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 on Aug. 30, 2000 in the Superior Court of the State of Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). in and for Pima County, Cause No. C20004513. The name of the case is Jonathan Hodson, individually and on behalf of all others similarly situated similarly situated adj. with the same problems and circumstances, referring to the people represented by a plaintiff in a "class action," brought for the benefit of the party filing the suit as well as all those "similarly situated. , Plaintiff vs. Safari Media Inc., a Delaware Corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. , Thuc Nguyen, Maryanne Chisholm, Mark Fillmore Chisholm, et al. The action is filed on behalf of a class of plaintiffs which includes all persons, other than officers, directors or affiliates of the defendants, who purchased stock or invested in Safari Media Inc. between Aug. 30, 1997 and the date of the filing of the complaint. The action asserts claims of violation of the Arizona state securities laws, breach of fiduciary duty Noun 1. fiduciary duty - the legal duty of a fiduciary to act in the best interests of the beneficiary legal duty - acts which the law requires be done or forborne , fraud and misrepresentation misrepresentation In law, any false or misleading expression of fact, usually with the intent to deceive or defraud. It most commonly occurs in insurance and real-estate contracts. False advertising may also constitute misrepresentation. . The claims are based on an alleged pattern of false statements and omissions by the defendants about the business and value of Safari Media Inc., including false claims that the securities were properly offered under Regulation D; false representations that arrangements were being made to list the securities on a national exchange; false representations that Safari Media was being acquired by or merging with a Japanese technology company; false representations of the existence of valuable government contracts, and false financial statements. Anyone who is a member of the class of plaintiffs indicated above may, within 60 days of the date of this publication, move the court to serve as lead plaintiff of the purported pur·port·ed adj. Assumed to be such; supposed: the purported author of the story. pur·port  ed·ly adv. class. If you wish to discuss this action or have any questions concerning this notice or your rights with respect to this matter, you may contact Cotchett, Pitre & Simon, 840 Malcolm Road, Burlingame, Calif., 94010, telephone 650/697-6000, e-mail cpslegal@pacbel.net; or Haralson, Miller, Pitt & McAnally, One South Church Avenue, 9th Floor, Tucson, Ariz., 85701, telephone 520/792-3836, e-mail safari@hmpmlaw.com. |
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