Printer Friendly

CLASS ACTION LAWSUIT FILED AGAINST DIGITRAN SYSTEMS, INC.

 LOGAN, Utah, Aug. 19 /PRNewswire/ -- Digitran Systems Incorporated (AMEX: DGT), operating through its wholly owned subsidiary, Digitran, Inc., announced today that a class action lawsuit has been filed against it and its principal officers and directors in the United States District Court for the District of Utah, Central Division.
 Lorretta G. Gallent, chairman of the board of Digitran, stated that the complaint in the class action alleges misrepresentation contained in certain of Digitran public filings, negligent misrepresentation and violations of the federal securities laws relating to alleged misstatements concerning the company's sales and earnings in fiscal year ended April 30, 1992.
 Gallent said that the company and its legal counsel have not, as yet, had an opportunity to study in detail the allegations contained in the complaint, but emphasized that the company and its management deny liability and intend to vigorously defend this action.
 -0- 8/19/93
 /CONTACT: Lorretta G. Gallent of Digitran, 801-752-9067/
 (DGT)


CO: Digitran Systems, Incorporated ST: Utah IN: CPR SU:

RA-BN -- AT009 -- 4473 08/19/93 16:18 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 19, 1993
Words:174
Previous Article:WILLIAM ACKERLEY NAMED PRESIDENT OF ACKERLEY COMMUNICATIONS
Next Article:AMSOUTH BANCORPORATION DECLARES QUARTERLY CASH DIVIDEND
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters