Federman & Sherwood Announces a Correction to Its Prior Notice Regarding the Securities Class Action Lawsuit Against the Underwr
October 22 2008 - 12:55PM
Marketwired
On October 2, 2008, a class action lawsuit was filed in the United
States District Court for the Southern District of New York against
Defendants David W. Wehlmann, Gerald W. Haddock, Randall Boyd,
Donald W. Niemiec, Robert L. Gaudin, William O. Powell, III,
Canaccord Adams, Inc. and Canaccord Capital Corporation regarding
information publicly disseminated by these Defendants with respect
to Cano Petroleum, Inc. (AMEX: CFW). Federman and Sherwood issues
this notice to correct its prior Press Release issued on October 9,
2008. The Complaint as filed on October 2, 2008 asserts violations
of Sections 11, 12(a)(2) and 15 of the Securities Act of 1933,
alleging that the Defendants issued a series of false and material
misrepresentations regarding the Company's registration statement
and prospectus filed with the SEC in connection with its Secondary
Public Offering on June 26, 2008.
Plaintiff seeks to recover damages on behalf of the Class. If
you are a member of the Class as described above, you may move the
Court no later than Monday, December 8, 2008, to serve as a lead
plaintiff for the Class. However, in order to do so, you must meet
certain legal requirements pursuant to the Private Securities
Litigation Reform Act of 1995.
If you wish to discuss this action, participate in this or any
other lawsuit, or have any questions or concerns regarding this
notice, or preservation of your rights, please contact:
William B. Federman FEDERMAN & SHERWOOD 10205 North
Pennsylvania Avenue Oklahoma City, OK 73120 405-235-1560 Email to:
wfederman@aol.com www.federmanlaw.com
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