MERX Merix (MM)

Geller Rudman Announces Class Action Lawsuit Against Merix Corporation on Behalf of Investors NEW YORK, June 18 /PRNewswire/ -- The Law Firm of Geller Rudman, PLLC announced today that a class action lawsuit has been filed in the United States District Court for the District of Oregon on behalf of purchasers of Merix Corporation (NASDAQ:MERX) ("Merix" or the "Company") common stock during the period between July 1, 2003 and May 13, 2004, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court, or can be viewed on the firm's website at http://www.geller-rudman.com/case_signup_sec.asp?cID=306 . The complaint charges Merix, Mark Hollinger and Jamie S. Brown with violations of the Securities Exchange Act of 1934. The complaint alleges that defendants failed to disclose or indicate the following: (1) that the Company over relied, in their financial projections, on the customers' future demand for premium-priced and reduced-lead-time products, which had previously accounted for 50% of the Company sales; (2) that the Company failed to adequately insulate itself from the softening demand, specifically with regard to supply needs of a major networking customer; (3) that the Company failed to appreciate the market conditions, which did not support the Company's aggressive growth; and (4) that, as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and their earnings projections. On May 13, 2004, after the close of the market, Merix revised guidance for the fourth quarter of fiscal 2004, ending May 29, 2004. News of this shocked the market. Shares of Merix fell $4.64 per share or 30.29 percent on May 14, 2004, to close at $10.68 per share. If you bought Merix common stock between July 1, 2003 and May 13, 2004, inclusive, and you wish to serve as lead plaintiff, you must move the Court no later than August 16, 2004. If you are a member of this class, you can join this class action online at http://www.geller-rudman.com/ . Any member of the purported class may move the Court to serve as lead plaintiff through Geller Rudman or other counsel of their choice, or may choose to do nothing and remain an absent class member. Geller Rudman, PLLC is a national law firm that represents investors and consumers in class action and corporate governance litigation. It is one of the country's premier firms in the area of securities fraud, with in-house finance and forensic accounting specialists and extensive trial experience. Since its founding, Geller Rudman, PLLC has grown to become one of the most respected and successful firms representing investors and consumers in class action litigation. The firm came of age under the client focused realities of the Private Securities Litigation Reform Act of 1995, which provided new opportunities for institutional investors to assume leadership in combating securities fraud. The firm's lawyers have achieved substantial recoveries for aggrieved investors and consumers in class action lawsuits prosecuted in state and federal courts throughout the nation. Geller Rudman, PLLC maintains a widely recognized reputation for excellence, as courts have repeatedly appointed the firm to major positions in intricate multi-district or consolidated litigations. In this regard, Geller Rudman, PLLC has successfully pursued hundreds of class action lawsuits, has taken a lead role in numerous complex litigations on behalf of defrauded investors and consumers and has been responsible for billions in recoveries as well as landmark corporate governance changes. The firm maintains offices in Boca Raton and New York. If you have any questions about how you may be able to recover for your losses, or if you would like to consider serving as one of the lead plaintiffs in this lawsuit, you are encouraged to call or e-mail the Firm or visit the Firm's website at http://www.geller-rudman.com/ . Contact: GELLER RUDMAN, PLLC Samuel H. Rudman, Esq. or David A. Rosenfeld, Esq. Client Relations Department: 200 Broadhollow, Suite 406 Melville, NY 11747 631-367-7100 Toll Free: 1-877-992-2555 Fax: 1-631-367-1173 E-mail: DATASOURCE: Geller Rudman, PLLC CONTACT: Samuel H. Rudman, Esq., or David A. Rosenfeld, Esq., both of Geller Rudman, PLLC, +1-631-367-7100, or +1-877-992-2555, or fax, +1-631-367-1173, or Web site: http://www.geller-rudman.com/ http://www.geller-rudman.com/case_signup_sec.asp?cID=306

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