Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against CardioNet, Inc. (NASDAQ: BEAT)
August 28 2009 - 5:30PM
Marketwired
On August 26, 2009, a class action lawsuit was filed in the United
States District Court for the Eastern District of Pennsylvania
against CardioNet, Inc. (NASDAQ: BEAT). The complaint alleges
violations of federal securities laws, Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934 and Rule 10b-5, including
allegations of issuing a series of material misrepresentations to
the market which had the effect of artificially inflating the
market price. The class period is from April 30, 2009 through June
30, 2009.
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, October 26, 2009, 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 Fax:
(405) 239-2112 Email to: wbf@federmanlaw.com
www.federmanlaw.com
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