DOYLESTOWN, Pa., April 11, 2003 (PRIMEZONE) -- Hoffman & Edelson, LLC today announced that it has filed a class action in the United States District Court for the Eastern District of Virginia on behalf of purchasers of the securities of PEC Solutions, Inc. ("PEC Solutions" or the "Company") (Nasdaq:PECS) during the period from October 23, 2002 through March 14, 2003, inclusive (the "Class Period"), and who suffered damages thereby, against PEC Solutions and certain of its officers.
The Complaint alleges that defendants violated the federal securities laws by issuing a series of materially false and misleading statements and/or by omitting to make material disclosures throughout the Class Period thereby artificially inflating the market price of the Company's securities.
If you purchased the securities of PEC Solutions during the Class Period, you may, no later than May 19, 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, you must meet certain legal requirements. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as lead plaintiff. You may retain Hoffman & Edelson, LLC, or other counsel of your choice, to serve as your counsel in this action.
If you wish to discuss this action or have any questions concerning this notice or your rights with respect to this matter, please contact Jerold B. Hoffman at Hoffman & Edelson, LLC, 45 W. Court Street, Doylestown, PA 18901 at 877-537-6532 (toll free), fax number 215-230-8735 or by e-mail at jhoffman@hofedlaw.com.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca