NEW YORK, April 1, 2003 (PRIMEZONE) -- Abbey Gardy, LLP commenced a Class Action lawsuit in the United States District Court for the District Court, Southern District of New York (03 CV 1053) on behalf of a class (the "Class") of all persons or entities who purchased securities of Cosi, Inc. ("Cosi" or the "Company") (Nasdaq:COSI) between November 21, 2002 and February 3, 2003, inclusive (the "Class Period"). The Complaint alleges that defendants violated Section 11 of the Securities Act of 1933 by issuing a false and misleading Registration Statement and Prospectus in connection with Cosi's initial public offering ("IPO") on November 21, 2002 of 5.5 million shares at $7 per share.
If you purchased Cosi securities during the Class Period, you may, no later than April 7, 2003 request that the Court appoint you as lead plaintiff.
A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiffs." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.
The attorneys at Abbey Gardy, LLP have extensive experience in securities class action cases, and have played lead roles in major cases resulting in the recovery of hundreds of millions of dollars to investors. If you would like to discuss this action or if you have any questions concerning this Notice or your rights as a potential class member or lead plaintiff, you may contact Nancy Kaboolian, Esq. of Abbey Gardy, LLP. at (800) 889-3701 (212) 889-3700 or email NKaboolian@abbeygardy.com.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca