ATLANTA, May 27, 2009 (GLOBE NEWSWIRE) -- Holzer Holzer & Fistel, LLC announces it has filed a class action lawsuit in the United States District Court for the Central District of California on behalf all persons or entities who purchased shares of Bidz.com ("Bidz" or the "Company") (Nasdaq:BIDZ) between August 13, 2007 and November 26, 2007 (the "Class Period"). The complaint alleges that Bidz violated the Securities Exchange Act of 1934 by issuing materially false and misleading statements regarding the Company's business and financial results.
If you purchased shares of Bidz common stock during the Class Period, you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than July 6, 2009. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are a Bidz investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.