NEW YORK, Sept. 26, 2000 (PRIMEZONE) -- A class action was commenced on behalf of all persons who purchased the common stock of Crayfish Co., Ltd. (Nasdaq:CRFH) in its initial public offering or in the period from March 8, 2000 to August 30, 2000. The lawsuit alleges that the defendants violated the federal securities laws by, among other things, materially misrepresenting the Company's business condition and failing to disclose material facts concerning the impact of the business decline of its major business partner Hikari Tsushin, Inc.
Plaintiffs are represented by the law firm of Shalov Stone & Bonner, which has extensive experience in the prosecution of class actions on behalf of investors. For more information about Shalov Stone & Bonner, please visit the firm's website at: www.lawssb.com
If you would like to participate in this action or would like additional information about the lawsuit, please contact:
Shalov Stone & Bonner (Mark J. Nemetz, Legal Assistant), 276 Fifth Avenue, Suite 704, New York, New York 10001, telephone: 212-686-8004 (Ext. 15), email: mark@lawssb.com