Shalov Stone & Bonner LLP and Sarraf Gentile LLP Announce That a Securities Class Action Has Been Filed against Arbinet-thexchan
September 01 2005 - 11:11AM
Business Wire
Shalov Stone & Bonner LLP and Sarraf Gentile LLP today
announced that a securities class action lawsuit has been filed
against Arbinet-thexchange Inc. (NASDAQ: ARBX) on behalf of
purchasers of the company's common stock issued in its initial
public offering. The complaint names as defendants the company and
certain of its underwriters and directors. The lawsuit alleges,
among other things, that the company made material misstatements or
omissions in its registration statement for its initial public
offering, filed with the Securities and Exchange Commission on
December 16, 2004. The lawsuit is pending in the Superior Court of
New Jersey. If you acquired shares of Arbinet-thexchange Inc.
during its initial public offering and would like to discuss your
legal rights, you are encouraged to contact either Shalov Stone
& Bonner LLP or Sarraf Gentile LLP, both of which have
extensive experience in the prosecution of class actions on behalf
of investors. For more information about the firms, please visit
their websites at: www.lawssb.com and www.sarrafgentile.com For
additional information about the lawsuit, please contact Thomas G.
Ciarlone, Jr., at Shalov Stone & Bonner LLP, 485 Seventh
Avenue, Suite 1000, New York, New York 10018 (telephone: (212)
239-4340; e-mail: tciarlone@lawssb.com), or Joseph Gentile, at
Sarraf Gentile LLP, 485 Seventh Avenue, Suite 1005, New York, New
York 10018 (telephone: (212) 868-3610; e-mail:
joseph@sarrafgentile.com).
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