Holzer Holzer & Fistel, LLC Announces Shareholder Class Action Has Been Filed Against American Dental Partners, Inc. (ADPI)
07 Februar 2008 - 10:38PM
Marketwired
ATLANTA, GA ("ADPI" or the "Company") between August 10, 2005
and December 13, 2007, inclusive (the "Class Period"). The lawsuit
alleges that ADPI and certain of its officers and directors engaged
in conduct in violation of the Securities Exchange Act of 1934 and
that purchasers of ADPI securities during the Class Period suffered
substantial damages as a result.
More specifically, the lawsuit alleges that ADPI failed to
disclose and misrepresented the following material adverse facts
which were known to defendants or recklessly disregarded by them:
(1) that the Company engaged in tortious and unlawful conduct
towards Park Dental Group ("PDG"); (2) that as a result of this
conduct, the Company booked a large portion of earnings and revenue
which materially inflated financial figures; (3) that the Company's
financial statements were not prepared in accordance with Generally
Accepted Accounting Principles; (4) that the Company lacked
adequate internal and financial controls; and (5) that, as a result
of the foregoing, the Company's financial statements were
materially false and misleading at all relevant times.
Current and former ADPI shareholders with questions concerning
their legal rights are invited to contact Holzer, Holzer &
Fistel, LLC and its attorneys Corey D. Holzer, Esq. or Marshall P.
Dees, Esq. via toll-free telephone at (888) 508-6832, or at their
respective email addresses, cholzer@holzerlaw.com and
mdees@holzerlaw.com.
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/or upon request from the firm. Holzer Holzer
& Fistel, LLC has paid for the dissemination of this
promotional communication, and Corey D. Holzer is the attorney
responsible for its content.
CONTACT: Corey D. Holzer, Esq. Email Contact Marshall Dees, Esq.
Email Contact Holzer Holzer & Fistel, LLC 1117 Perimeter Center
West, Suite E-107 Atlanta, GA 30338 (888) 508-6832 (toll-free)
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