Federman & Sherwood Announces that a Securities Class Action Lawsuit was Filed Against Lipman Electronic Engineering, Ltd.
October 19 2005 - 12:46PM
PR Newswire (US)
OKLAHOMA CITY, Oct. 19 /PRNewswire/ -- On October 11, 2005, the
class action lawsuit was filed in the United States District Court
for the Eastern District of New York against Lipman Electronic
Engineering, Ltd. (NASDAQ:LPMA). 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 October 04, 2004 through
September 27, 2005. 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 12, 2005, 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 suit, or have any
questions or concerns regarding this notice, or preservation of
your rights, please contact: William B. Federman FEDERMAN &
SHERWOOD 120 N. Robinson, Suite 2720 Oklahoma City, OK 73102 (405)
235-1560/FAX: (405) 239-2112 Email to: -
http://www.federmanlaw.com/ DATASOURCE: Federman & Sherwood
CONTACT: William B. Federman of Federman & Sherwood,
+1-405-235-1560, or fax, +1-405-239-2112, or -
http://www.federmanlaw.com/ Web Site: http://www.federmanlaw.com/
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