DENVER, Jan. 21, 2009 (GLOBE NEWSWIRE) -- Dyer & Berens LLP (www.DyerBerens.com) today encouraged purchasers of National Lampoon, Inc. (the "Company" or "National Lampoon") (AMEX:NLN) common stock between March 1, 2008 and June 30, 2008 to consider their legal options in connection with allegations made by the United States Securities and Exchange Commission ("SEC") in its lawsuit filed against the Company and others.
On December 15, 2008, the SEC filed suit against National Lampoon alleging, among other things: "From at least March 2008 through June 2008, National Lampoon, Inc. ..., its Chief Executive Officer ... Daniel S. Laikin, Dennis S. Barsky, Eduardo Rodriguez and Tim Dougherty ... engaged in a fraudulent scheme to manipulate the market for the common stock of National Lampoon." Specifically, the SEC charged that Mr. Laikin and others paid kickbacks in exchange for generating or causing purchases of the Company's common stock to a stock promoter and others to give the false impression of a steady demand for the stock. Also on December 15, 2008, the United States Attorney for the Eastern District of Pennsylvania separately announced criminal charges involving the same alleged conduct. Both the SEC complaint and Department of Justice press release may be viewed at www.DyerBerens.com.
If you believe you were harmed by the conduct described above, you may contact Jeffrey A. Berens, Esq. at 1-888-300-3362, 303-861-1764 or via email at jeff@dyerberens.com for a free consultation regarding your rights and interests with respect to your National Lampoon stockholdings.
Dyer & Berens LLP specializes in complex class action litigation on behalf of injured investors throughout the nation. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. For more information about the firm, please go to www.DyerBerens.com.