NEW YORK, Aug. 20, 2002 (PRIMEZONE) -- On July 31, 2002, the Honorable Kenneth L. Ryskamp of the United States District Court for the Southern District of Florida appointed Sichenzia Ross Friedman Ference LLP as lead counsel in a purported class action lawsuit against Eagle Buildings Technologies, Inc. ("Eagle" or the "Company") (Pink Sheets:EGBT) and certain of its officers, directors and outside accounting firm. Sichenzia Ross Friedman Ference LLP, along with two other law firms, will serve as lead counsel for all persons or entities who purchased Eagle common stock between August 11, 2000 and February 14, 2002, inclusive (the "Class Period").
The Complaint alleges that defendants violated Section 10(b) of the Securities Exchange Act of 1934 by issuing a series of materially false and misleading statements about the Company's quarterly financial results for the second and third quarters of 2000, its year-end 2000 financial results, and its quarterly financial results for first, second, and third quarters of 2001. The Complaint alleges that as a result of these false and misleading statements the price of Eagle common stock was artificially inflated throughout the Class Period causing plaintiffs and the other members of the Class to suffer damages.
Sichenzia Ross Friedman Ference LLP is a full service law firm that provides experienced professional representation in all matters involving the securities industry as well as general litigation and corporate matters. The Firm values its clients and believes that the key to building long-term relationships in the new millennium is to provide more than traditional legal services that address their needs.
If you wish to discuss this action or have any questions concerning this announcement, or would like additional information about Sichenzia Ross Friedman Ference LLP, please contact Marc J. Ross, Esq., Sichenzia Ross Friedman Ference LLP, 1065 Avenue of the Americas, 21st Floor, New York, NY 10018, by telephone at (212) 930-9700, by facsimile at (212) 930-9725, by e-mail at mross@srfllp.net, or visit our website at www.srfllp.com.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca