Schatz & Nobel, P.C. Announces Class Action Lawsuit Against OfficeMax, Inc.
January 14 2005 - 9:58AM
PR Newswire (US)
Schatz & Nobel, P.C. Announces Class Action Lawsuit Against
OfficeMax, Inc. HARTFORD, Conn., Jan. 14 /PRNewswire/ -- The law
firm of Schatz & Nobel, P.C., which has significant experience
representing investors in prosecuting claims of securities fraud,
announces that a lawsuit seeking class action status has been filed
in the United States District Court for the Northern District of
Illinois on behalf of all persons who purchased the publicly traded
securities of OfficeMax, Inc. (NYSE:OMX) ("OfficeMax") between
November 9, 2004 and January 11, 2005 (the "Class Period"). The
Complaint alleges that OfficeMax violated federal securities laws
by issuing false or misleading public statements. Specifically, the
Complaint alleges that during the Class Period OfficeMax
manipulated its reported financial results by using "vendor
allowances" to improperly time the recognition of revenue and
inflate its earnings. On January 12, 2005, OfficeMax announced that
its chief financial officer had resigned and that it would postpone
the release of its earnings for the fourth quarter and full year
2004, pending the conclusion of an internal investigation into
issues relating to its accounting for vendor income. If you are a
member of the class, you may, no later than March 14, 2005, request
that the Court appoint you as lead plaintiff of the class. A lead
plaintiff is a class member that acts on behalf of other class
members in directing the litigation. Although your ability to share
in any recovery is not affected by the decision whether or not to
seek appointment as a lead plaintiff, lead plaintiffs make
important decisions which could affect the overall recovery for
class members, including decisions concerning settlement. The
securities laws require the Court to consider the class member(s)
with the largest financial interest as presumptively the most
adequate lead plaintiff(s). For more information about the case,
its claims, and your rights, please contact Schatz & Nobel
toll-free at (800) 797-5499, or by e-mail at . To view a copy of
the lawsuit initiating the class action, or for more information
about class action cases and Schatz & Nobel, please visit our
website: http://www.snlaw.net/. CONTACT: Wayne T. Boulton Tel.:
(800) 797-5499 Website: http://www.snlaw.net/ e-mail: DATASOURCE:
Schatz & Nobel, P.C. CONTACT: Wayne T. Boulton of Schatz &
Nobel, +1-800-797-5499, Web site: http://www.snlaw.net/
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