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 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 in the United States District Court for the District of Maryland The United States District Court for the District of Maryland is the Federal district court whose jurisdiction is the state of Maryland.
Notable judges in this district include William Paca, a signer of the United States Declaration of Independence. 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 Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney, the former Governor of Massachusetts, and two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. 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 dis·sem·i·nate
v. dis·sem·i·nat·ed, dis·sem·i·nat·ing, dis·sem·i·nates
1. To scatter widely, as in sowing seed.
2. 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