Law Office of Brodsky & Smith, LLC Announces Class Action Lawsuit Against Satyam Computer Services Ltd.
January 09 2009 - 9:06AM
Marketwired
Law office of Brodsky & Smith, LLC announces that a class
action lawsuit has been filed on behalf of all persons who
purchased American Depositary Shares ("ADSs") of Satyam Computer
Services Ltd. ("Satyam" or the "Company") (NYSE: SAY) between
January 6, 2004 and January 6, 2009 (the "Class Period"). The class
action lawsuit was filed in the United States District Court for
the Southern District of New York.
The Complaint alleges that defendants violated federal
securities laws by issuing a series of material misrepresentations
to the market, thereby artificially inflating the price of
Satyam.
No class has yet been certified in the above action. Until a
class is certified, you are not represented by counsel unless you
retain one. If you are a Satyam shareholder you have certain
rights. To be a member of the class you need not take any action at
this time, and you may retain counsel of your choice. If you want
to discuss your legal rights, you may e-mail or call the law office
of Brodsky & Smith, LLC who will, without obligation or cost to
you, attempt to answer your questions. You may contact Evan J.
Smith, Esquire or Marc L. Ackerman, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
clients@brodsky-smith.com, or by calling toll free
877-LEGAL-90.
Contact: Evan J. Smith, Esquire Marc L. Ackerman, Esquire
Brodsky & Smith, LLC Two Bala Plaza, Suite 602 Bala Cynwyd, PA
19004 Email Contact toll free - 877-LEGAL-90
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