HOUSTON, Jan. 21, 2003 (PRIMEZONE) -- Emerson Poynter LLP, a securities class action trial law firm, announced today that a class action has been filed in the United States District Court for the Northern District of Texas, Fort Worth Division on behalf of purchasers of AmeriCredit Corp. (NYSE:ACF) ("AmeriCredit" or the "Company") common stock during the period between April 14, 1999 and September 16, 2002, inclusive (the "Class Period").
The Firm filed the initial complaint and will be amending the complaint to expand the Class Period to January 15, 2003. A copy of the complaint filed in this action is available from the Court, or can be obtained from the Firm by calling toll-free.
The Complaint alleges that AmeriCredit and certain of its officers and directors violated federal securities laws. Among other things, plaintiff alleges that defendants' material omissions and the dissemination of materially false and misleading statements regarding the nature of AmeriCredit's revenues and earnings caused AmeriCredit's stock price to become artificially inflated, causing huge damages for investors.
If you bought AmeriCredit common stock between April 14, 1999 and January 15, 2003 inclusive, and you wish to serve as lead plaintiff, you must move the Court no later than 60 days from January 13, 2003. If you are a member of this class, you can join this class action by contacting Emerson Poynter. Any member of the purported class may move the Court to serve as lead plaintiff through Emerson Poynter or other counsel of their choice.
Emerson Poynter has substantial experience representing investors in securities fraud class action lawsuits such as this. The Firm has offices in Houston, Texas and Little Rock, Arkansas, but represents investors throughout the nation. Name partner, John G. Emerson, Jr., is a member of the Texas Bar and has practiced for many years before the US District Court for the Northern District of Texas where this case is pending. 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 toll free or e-mail the Firm.