Lovell Stewart Halebian LLP and Squitieri & Fearon, LLP Announce the Filing of a Class Action Suit against the American Stock Exchange, AMEX Specialist Firms and Ameritrade.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 -- The law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
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 commenced 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, on behalf of investors who sought to execute direct access limit orders to buy or sell options listed at the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. by certain specialist firms and who were wrongfully refused executions and suffered damages between April 2, 2001 and December 3, 2004 inclusive (the "Class Period"). The Complaint alleges that defendants, in clear violation of and contrary to the Firm Quote Rule, materially misrepresented both (i) real time electronically displayed "bid" Equals and "ask" Equals quotes on listed equity options and (ii) that customer orders would be executed instantaneously when plaintiff (and other "Direct Access" Equals customers) accepted the bid or offer that was electronically displayed by the particular options specialist. Instead, defendants knowingly and intentionally, systematically refused to execute stock option transactions when Plaintiff, and others, submitted a limit order that specifically accepted the displayed quote or was specifically within the electronically displayed bid and ask -- which, under the appropriate circumstances, should have been executed instantaneously. Plaintiff claims that the wrongful conduct Noun 1. wrongful conduct - activity that transgresses moral or civil law; "he denied any wrongdoing" actus reus, misconduct, wrongdoing activity - any specific behavior; "they avoided all recreational activity" described above violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 and gives rise to state law claims such as breach of contract. Plaintiff is represented by the law firms of Lovell Stewart Halebian LLP and Squitieri & Fearon, LLP, which have been appointed lead counsel or co-lead counsel in numerous significant securities, antitrust and other class actions. For more information about the Lovell Stewart Halebian LLP firm, please visit its website at www.lshllp.com. If you are a member of the class described above, you may, not later than February 7, 2005, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. You may contact Lovell Stewart Halebian LLP at the telephone number, address or E-mail address below for more information: Lovell Stewart Halebian LLP Shareholder Relations David Leifer 500 Fifth Avenue New York, New York 10110 (212) 608-1900 dleifer@lshllp.com |
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