Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in PCS Edventures!.com, Inc. to Inquire
September 24 2010 - 12:01PM
Marketwired
Brower Piven, A Professional Corporation announces that a class
action lawsuit has been commenced in the United States District
Court for the District of Idaho on behalf of purchasers of the
common stock of PCS Edventures!.com, Inc. ("PCS Edventures" or the
"Company") (OTCBB: PCSV) during the period between March 28, 2007
and August 15, 2007, inclusive (the "Class Period").
The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 by virtue of the Company's
fabricating, during the Class Period, the existence of a lucrative
contract with a Saudi Arabian partner, Global Techniques a/k/a PCS
Middle East, for the sale of product to the Kingdom of Saudi
Arabia, when in fact no such contract or agreement was in place or
likely to be put into place. According to the complaint, when the
true state of affairs became known, the value of PCS Edventures
shares declined significantly.
No class has yet been certified in the above action. Members of
the Class will be represented by the lead plaintiff and counsel
chosen by the lead plaintiff. If you wish to choose counsel to
represent you and the Class, you must apply to be appointed lead
plaintiff no later than November 16, 2010 and be selected by the
Court. The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a
settlement and how much of a settlement to accept for the Class in
the action. The lead plaintiff will be selected from among
applicants claiming the largest loss from investment in the Company
during the Class Period. You are not required to have sold your
shares to seek damages or to serve as a Lead Plaintiff.
If you have suffered a net loss for all transactions in PCS
Edventures!.com, Inc. common stock during the Class Period, you may
obtain additional information about this lawsuit and your ability
to become a lead plaintiff by contacting Brower Piven at
www.browerpiven.com, by email at hoffman@browerpiven.com, by
calling 410/415-6616, or at Brower Piven, A Professional
Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating
securities and class action cases of over 50 years. If you choose
to retain counsel, you may retain Brower Piven without financial
obligation or cost to you, or you may retain other counsel of your
choice. You need take no action at this time to be a member of the
class.
CONTACT: Charles J. Piven Brower Piven, A Professional
Corporation Stevenson, Maryland 410/415-6616 Email Contact
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