PHILADELPHIA, Nov. 15, 2000 (PRIMEZONE)-- Spector, Roseman, & Kodroff has filed Class Action lawsuits against or asked to investigate the following companies at the request of shareholders who purchased securities during the Class Periods stated below. Investors who purchased any of the following securities during the stated Class Periods are invited to contact us to learn more about these lawsuits. If you wish to discuss these actions or have any questions concerning this notice or your rights or interests, please contact plaintiffs' counsel Robert M. Roseman toll-free at 1-888-844-5862 or via E-mail at classaction@spectorandroseman.com.
Copper Mountain (Nasdaq:CMTN) 4/19/00 - 10/17/00 - The complaint charges that defendants disseminated false and misleading statements concerning Copper Mountain's business with Lucent Technologies, Inc. ("Lucent") and its prospects for fiscal 2000 and beyond. In reality, Copper Mountain's relationship with one of its largest customers, Lucent, was faltering and defendants knew that it could not possibly achieve its reported EPS and revenue growth.
Heartland High-Yield Municipal Bond Fund (Nasdaq:HRHYX) 5/1/99 - 10/16/00) - The complaint charges that the defendants violated the federal securities laws by providing materially false and misleading information about the net asset value ("NAV") and performance of its Heartland High-Yield Municipal Bond Fund and its Heartland Short Duration High-Yield Municipal Fund in the Registration Statements and Prospectuses.
OfficeMax, Inc. (NYSE:OMX) 3/2/99 - 9/30/00 - The complaint charges that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10(b)-5 promulgated thereunder, by issuing a series of material misrepresentations to the market between March 2, 1999 and September 30, 1999, thereby artificially inflating the price of OfficeMax securities.
PSINet, Inc. (Nasdaq:PSIX) 5/9/00 - 11/2/00 - The complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market. The statements are alleged to have been materially false and misleading because the Company was experiencing severe operational difficulties in executing its strategy and because their statements of growth were lacking in any reasonable basis when made.
Spector, Roseman, & Kodroff, P.C., located in Philadelphia and San Diego, concentrates its practice in complex litigation including actions dealing with securities laws, antitrust, contract and commercial claims. The firm is active in major litigation pending in federal and state courts throughout the United States. The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm as lead counsel in numerous major class actions involving violations of the federal securities laws and the federal antitrust laws. As a result of the efforts of the firm, and its members, hundreds of millions of dollars have been recovered on behalf of thousands of defrauded shareholders and companies. For more detailed information about the firm, please visit our website at http://www.spectorandroseman.com.
The Firm is currently representing investors as lead counsel in actions against S3, Inc., Compaq Computer Corp., Dreyfus Aggressive Growth Fund, Mitcham Corporation, Capstead Mortgage and Unisys Corporation. The firm is currently representing businesses as lead counsel in the following antitrust actions: In re Flat Glass Antitrust Litigation; In re Corrugated Paper Antitrust Litigation.