Printer Friendly

Shareholder Announces Filing of a Class Action Complaint Against USinternetworking and Its Directors for Misleading Investors.

WASHINGTON -- Finkelstein, Thompson & Loughran filed a class action lawsuit in the United States District Court for the District of Maryland on behalf of purchasers of the securities of USinternetworking, Inc., ("Company") against the Company and its Directs who are accused of illegally misleading investors about the Bain Capital Partners, L.L.C. transaction and related bankruptcy.

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 ajm@ftllaw.com .

MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X70391558

Contact: Andrew J. Morganti of Finkelstein, Thompson & Loughran, +1-202-337-8000, or ajm@ftllaw.com

Website: http://www.ftllaw.com/
COPYRIGHT 2002 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Comment:Shareholder Announces Filing of a Class Action Complaint Against USinternetworking and Its Directors for Misleading Investors.
Publication:PR Newswire
Geographic Code:1USA
Date:Jun 14, 2002
Words:259
Previous Article:VA Supports Expanding Benefits for Filipino Veterans.
Next Article:Worlds Away Films Introduces Critically Acclaimed South Asian Films At the Zee Heritage India Festival.
Topics:


Related Articles
/FROM PR NEWSWIRE NEW YORK 800-776-8090/ TO BUSINESS EDITOR:.
/FROM PR NEWSWIRE 800-682-9599/ TO BUSINESS EDITOR:.
Spector & Roseman, P.C. Announces Update on Class Action Lawsuit Against Network Associates, Inc. and Certain of its Officers and Directors for...
/FROM PR NEWSWIRE NEW YORK 800-776-8090/ TO BUSINESS EDITOR:.
Wolf Popper LLP Files Class Action on Behalf of Holders of Styling Technology Corporation.
/FROM PR NEWSWIRE NEW YORK 800-776-8090/ TO BUSINESS EDITOR:.
/FROM PR NEWSWIRE MIAMI 305-461-8666/ TO BUSINESS AND STATE EDITORS:.
Goodkind Labaton Rudoff & Sucharow LLP and Girard & Green LLP Announce Class Action Lawsuit Filed on Behalf of Shareholders of Pacific Gateway...
Cauley & Geller, LLP /.
Asset Management Firm Invokes New Statute of Limitations Provision Under the Sarbanes-Oxley Act of 2002 Against Salomon Smith Barney.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters