The Law Offices of Mark McNair Announces Class Action Lawsuit Against Pilot Network Services.Business Editors/Legal Writers WASHINGTON--(BUSINESS WIRE)--Nov. 17, 2000 The Law Offices of Mark McNair announced that it has filed class action lawsuits 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 against Pilot Network Services and other companies on behalf of shareholders. Pilot Network Services, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PILT PILT Payment in Lieu of Taxes ) Class Period: January 27 to October 17, 2000. As alleged in the complaint, Pilot violated vi·o·late tr.v. vi·o·lat·ed, vi·o·lat·ing, vi·o·lates 1. To break or disregard (a law or promise, for example). 2. To assault (a person) sexually. 3. federal securities laws by issuing materially false and misleading financial information concerning its revenues and earnings. In addition, during the early part of 2000, Company insiders sold millions of dollars of PILT stock. To sing up online: http://justice4investors.com/cases/pilot.html If you purchased the stock in Pilot Network Services or any of the companies listed below, you may be a member of the class; if so, you have until the dates shown to participate in the case and ask the Court to appoint you as one of the lead plaintiffs for the Class. To serve as lead plaintiff, you must meet certain legal requirements. The Law Offices of Mark McNair recognizes that investors with significant losses often are uncertain about the class action process and they are unclear whether they should take an active role in a case. The Law Offices of Mark McNair would be happy to review this process with you. If you wish to discuss any of these actions or have any questions, please contact Mark McNair at 1819 Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York Ave. N.W. Suite 550, Washington, DC, 20006 by telephone at (877) 511.4717, via e-mail at wmmcnair@justice4investors.com or visit our website at www.justice4investors.com. Allscripts, Inc.. (NASDAQ: MDRX) Class Period: July 27, 2000 to October 26, 2000. On October 26, 2000, after the close of trading, Allscripts announced that its results for the second quarter of 2000 were being "revised to correct an issue with respect to the recognition of revenue." Specifically, the company said it was removing $500,000 in revenues due to "ambiguities" and "documentation matters," a change that increased its net loss for that quarter by $500,000. Allscripts also disclosed that it would delay recognition of $1 million in revenue. In the wake of this announcement, the price of the company's stock fell nearly 45%, from $16-1/8 to $8-7/8. To sign up online: http://justice4investors.com/cases/allscripts.html Interspeed (ISPD ISPD International Society for Prenatal Diagnosis (Charlottesville, VA) ISPD International Society for Peritoneal Dyalisis ISPD Information Systems, Production and Distribution ) Class Period: October 14,1999 to October 6, 2000. Allegedly the Company issued materially false and misleading statements concerning its financial results by improperly im·prop·er adj. 1. Not suited to circumstances or needs; unsuitable: improper shoes for a hike; improper medical treatment. 2. recording revenue during the first three quarters of 2000. Motions for lead plaintiff must be filed by December 10, 2000. To sign up online: http://justice4investors.com/cases/interspeed.html Brooktrout (BRKT BRKT Bracket ) Class Period: February 3, 2000 to October 6, 2000. Allegedly the Company's financial statements for the fourth quarter and year-end of 1999 and for the first two quarters of 2000 were materially false because they included improperly recognized revenues from its majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. Interspeed. Motions for lead plaintiff must be filed by December 12, 2000. To sign up online: http://justice4investors.com/cases/brooktrout.html |
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