BOCA RATON, Fla., Dec. 18, 2008 (GLOBE NEWSWIRE) -- The law firm of Vianale & Vianale LLP announces that it filed a class action lawsuit on December 8, 2008 on behalf of purchasers of the common stock of Crystallex International Corporation (AMEX:KRY) during the period July 28, 2005 through April 30, 2008 (the "Class Period"). A copy of the complaint can be obtained by calling our offices or by e-mailing us at either of the e-mail addresses listed below. The action (Case No. 08-CV-10631) is pending in Manhattan federal court.
The complaint alleges that Crystallex hid the full extent of the problems the Company was experiencing with the Venezuelan government in securing the requisite "Impact Renewable Natural Resources Permit" for the exploration, development and mining of the Las Cristinas mine in Sifontes, Venezuela. As a result of the permit denial, the Company's stock fell roughly from a closing price of $1.68 on April 29, 2008, to a closing price of $0.91 on April 30, 2008, on heavy trading volume.
If you bought common stock from July 28, 2005 to April 30, 2008 no later than February 6, 2009, 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, however, affected by the decision whether or not to serve as a lead plaintiff. Vianale & Vianale LLP is active in major litigations pending in federal and state courts.
If you wish to discuss this action with us, or have any questions concerning our lawsuit, this notice or your rights and interests with regard to this case, please contact:
Kenneth J. Vianale
Ismael Aviles
Vianale & Vianale LLP
2499 Glades Road, Suite 112
Boca Raton, FL 33431
888- 657-9960 (Toll Free)
(561-392-4750)
E-mail: kvianale@vianalelaw.com
E-mail: iaviles@vianalelaw.com