The Law Office of Bernard M. Gross, P.C. and Abbey Gardy & Squitieri, LLP Announce a Class Action has been Brought Against Centocor Inc.BLUE BELL, Pa.--(BUSINESS WIRE)--April 2, 1999--The Law Office of Bernard M. Gross, P.C. and Abbey Gardy & Squitieri, LLP LLP - Lower Layer Protocol announce a Class Action has been brought against Centocor Inc. in the United States District Court for the Eastern District of Pennsylvania The United States District Court for the Eastern District of Pennsylvania is one of the original 13 federal judiciary districts created by the Judiciary Act of 1789. It originally sat in Independence Hall in Philadelphia as the United States District Court for the District of to all purchasers of common stock of Centocor, Inc. ("CNTO CNTO China National Tourist Office ") during the period from December 2, 1997 through and including December 16, 1997 (the "Class Period") who sustained damage as a result of such purchase. A Class Action has been brought by plaintiffs against Centocor Inc. and David Holveck ("Defendants"), on behalf of a class of persons to whom this Notice is addressed and has been conditionally certified as a Class Action by Order of this Court. The Plaintiffs have alleged that Defendants made false and misleading public statements concerning the signing of an European marketing partner for Remicade, formerly known as Avakine, in the fourth quarter of 1997 and its corresponding positive effect on the financial results of the Company, which artificially inflated the market price of the common stock during the Class Period and caused damage to Plaintiffs and the Class, in violation of the Securities Exchange Act of 1934. Defendants have answered the Complaint, denying the substantive allegations of the Complaint and asserting affirmative defenses A new fact or set of facts that operates to defeat a claim even if the facts supporting that claim are true. A plaintiff sets forth a claim in a civil action by making statements in the document called the complaint. . Defendants deny any wrongdoing wrong·do·er n. One who does wrong, especially morally or ethically. wrong  do and all material allegations of the Complaint, including any and all allegations that Defendants made false and misleading statements. The sending of this Notice is not to be construed in any way as an expression of opinion by the Court as to the merits of any of the claims or defenses of any party to this 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. or the likelihood of recovery by the Plaintiffs or any of the Class members. If you fall within the above Class description, wish to remain a member of the Class, and have received a Notice of this action in the mail, you need not take any action. However, if you have not received a Notice in the mail, you must contact the Notice Administrator or counsel for the Class to assure that your name is on the Class Member list. In addition, if you wish to exclude yourself from the Class, you must contact the Notice Administrator, at P. O. Box 3027, Blue Bell, PA 19422, not later than May 17, 1999, or contact one of the Class Counsel listed below: LAW OFFICE BERNARD M. GROSS, P.C. ABBEY GARDY Bernard M. Gross, Esquire & SQUITIERI, LLP Deborah R. Gross, Esquire Jill Abrams, Esquire 1500 Walnut Street A number of streets are named Walnut Street:
Philadelphia, PA 19102 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 , NY 10016 215/561-3600 212/889-3700 |
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