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Spector & Roseman P.C. Announces Class Action Lawsuit Filed Against Dreyfus Aggressive Growth Fund.

PHILADELPHIA--(BUSINESS WIRE)--July 10, 1998--On June 19, 1998, a class action was commenced on behalf of investors in the Dreyfus Aggressive Growth Fund and Premier Aggressive Growth Fund against Dreyfus Corp., Michael L. Schonberg and others alleging violations of the Investment Company Act of 1940, breaches of fiduciary duties and misrepresentation.

The complaint alleges, among other things, that Schonberg enjoyed an undisclosed relationship with the New York brokerage of Janssen-Meyers associates which was exploited to the benefit of Schonberg at the expense of the funds' investors. According to the complaint, since 1996, the funds have consistently performed poorly as a result of the defendants' actions.

Plaintiffs are represented by the law firm Spector & Roseman P.C. and Shalov Stone & Bonner, who have expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.

Spector & Roseman P.C., located in Philadelphia and San Diego, concentrates itspractice in complex litigation including actions dealing with securities laws, antitrust, contract and commercial claims. The firm is active in major litigation pending in federal and state courts throughout the United States.

The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm as lead counsel in numerous major class actions involving violations of the federal securities laws and the federal antitrust laws.

As a result of the efforts of the firm, and its members, hundreds of millions of dollars have been recovered on behalf of thousands of defrauded shareholders and companies.

If you would like to participate in this action or would like additional information about the lawsuit please contact Spector & Roseman P.C. toll free at 888/844-5862 or via E-mail at spro@voicenet.com or Shalov Stone & Bonner, 212/268-2727.

Visit the firm's web-site at: http://spectorandroseman.com

 CONTACT: Spector & Roseman
 888/844-5862
 spro@voicenet.com
 or
 Shalov Stone & Bonner
 212/268-2727


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Publication:Business Wire
Article Type:Article
Geographic Code:1USA
Date:Jul 10, 1998
Words:310
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