Rabin & Peckel LLP Files Class Action Against N2K, Inc. and Certain of Its Officers and Directors, and the Lead Underwriters of Its Secondary Public Offering.NEW YORK--(BUSINESS WIRE)--June 26, 1998-- Rabin & Peckel LLP LLP - Lower Layer Protocol Files Class Action Against N2K, Inc. and Certain of Its Officers and Directors, and the Lead Underwriters Lead underwriter The head of a syndicate of financial firms that are sponsoring an initial public offering of securities or a secondary offering of securities. Could also apply to bond issues. of Its Secondary Public Offering Alleging Violations of Federal Securities Law A putative class action has been filed 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 on behalf of a Class of purchasers of N2K, Inc. (Nasdaq: NTKI) common stock on or traceable to the Company's secondary public offering of 3,125,722 shares from April 14, 1998, through April 23, 1998, inclusive (the "Class Period"). The Complaint alleges that N2K, Inc. and certain of its officers and directors and the lead underwriters of its secondary public offering violated the Securities Act of 1933 by omitting to state material facts necessary to make the statements contained in the Prospectus not misleading. In particular, it is alleged that defendants failed to disclose the Company's financial results for the first quarter ended March 31, 1998, which ended two weeks before the secondary offering. For the first quarter of 1998, N2K, Inc. suffered a net loss of $13,704,266, or $1.13 per share. The Complaint alleges that as a result of this material omission, Class members were damaged. Plaintiff is represented by 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]
Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. W. Desmond. Rabin & Peckel LLP and its predecessor firms have devoted its practice to shareholder class actions and complex commercial 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. for more than thirty years and have recovered hundreds of millions of dollars for shareholders in class actions throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . If you purchased N2K, Inc. common stock during the Class Period described above, you may, no later than July 7, 1998, move the Court to serve as lead plaintiff, if you so choose. To serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this announcement or your rights or interests, please contact plaintiff's counsel, Joseph V. McBride or Donald J. Wallace, Rabin & Peckel LLP, 275 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , New York, NY 10016, by telephone at 800/497-8076 or 212/682-1818, by facsimile at 212/682-1892, or by e-mail at rabinlaw@ix.netcom.com, or Leo W. Desmond, The Law Office of Leo W. Desmond, 2161 Palm Beach Lakes Blvd., Suite 204, West Palm Beach, FL 33409, by telephone at 888/337-6663 or 561/712-8000, by facsimile at 561/712-8002, by e-mail at Info@SecuritiesAttorney.com, or at his website at www.SecuritiesAttorney.com.
CONTACT: Rabin & Peckel LLP
Joseph V. McBride
Donald J. Wallace
800/497-8076
212/682-1818
e-mail: rabinlaw@ix.netcom.com
or
The Law Office of Leo W. Desmond
Leo W. Desmond
888/337-6663
561/712-8000
e-mail: Info@SecuritiesAttorney.com
e-mail: www.SecuritiesAttorney.com
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion