CORAL SPRINGS, Fla., Oct. 11, 2007 (PRIME NEWSWIRE) -- The law firm of Blum & Silver, LLP announced today that it has filed a class action lawsuit on October 10, 2007, on behalf of all purchasers of investment contracts with MRT, LLC ("MRT"), from March 1, 2006 through to the present, and who were damaged thereby. The action (Case No.07-CV-80931-Middlebrooks/Johnson) was filed in the United States District Court for the Southern District of Florida.
The complaint alleges that MRT, and certain of its principals, violated the Securities Act of 1933 and the Securities Exchange Act of 1934. During the class period, defendants allegedly made false statements to the public, omitted material information about MRT's principals, and commingled investors' funds. The Company also failed to register itself, its selling agents or the investment contracts it offered and sold to investors.
If you bought investment contracts from MRT from March 1, 2006 through to the present, you may move the court to appoint you as lead plaintiff, a representative party that acts on behalf of other class members. The court must determine whether the class member's claim is typical of other members' claims, and whether the class member will adequately represent the class. Your ability to recover is not affected by the decision whether or not to serve as a lead plaintiff.
The law firm of Blum & Silver, LLP is a nationally-recognized securities law firm headquartered in Coral Springs, Florida. The primary focus of the firm is representing investors worldwide with their claims for losses due to financial misconduct and brokerage firm negligence in securities litigation and arbitration matters. If you wish to discuss this case with us, or have information relevant to our securities arbitration claims, please contact: Darren C. Blum, Esq. or Scott L. Silver, Esq. of Blum & Silver, LLP, at 1-877-STOCKLAW (1-877-786-2552), or visit us on our website: (http://www.stockattorneys.com).
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