Shareholder Announces Filing of a Class Action Complaint Against USinternetworking and Its Directors for Misleading Investors.
The class action seeks damages under federal securities laws for anyone who bought USinternetworking, Inc. stock between February 17, 2000 and January 7, 2002, inclusive (the "Class Period").
The complaint charges defendants with violations of the Securities Act of 1934. The complaint alleges that subsequent to the Company's Secondary Offering, it begun to disseminate false and misleading press releases concerning its dire financial position which lead to it transaction with Bain Capital Partners, L.L.C. and complete dilution of shareholders' equity.
If you purchased USinternetworking, Inc. securities during the class period you may apply to be lead plaintiff in this action. However, to be a member of the class, you need not take any action at this time. You may retain Finkelstein, Thompson & Loughran, or other counsel of your choice, to serve as your counsel in this action. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Andrew J. Morganti with Finkelstein, Thompson & Loughran, by e-mail at firstname.lastname@example.org .
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Contact: Andrew J. Morganti of Finkelstein, Thompson & Loughran, +1-202-337-8000, or email@example.com
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|Comment:||Shareholder Announces Filing of a Class Action Complaint Against USinternetworking and Its Directors for Misleading Investors.|
|Date:||Jun 14, 2002|
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