Federman & Sherwood Announces That a Securities Class Action Lawsuit Was Filed Against Advanced Neuromodulation Systems, Inc.
09 März 2005 - 5:24PM
PR Newswire (US)
Federman & Sherwood Announces That a Securities Class Action
Lawsuit Was Filed Against Advanced Neuromodulation Systems, Inc.
OKLAHOMA CITY, March 9 /PRNewswire/ -- On March 1, 2005, the class
action lawsuit was filed in the United States District Court for
the Eastern District of Texas against Advanced Neuormodulation
Systems, Inc. (NASDAQ:ANSI). The complaint alleges violations of
federal securities laws, Sections 10(b) and 20(a) of the Securities
Exchange Act of 1934 and Rule 10b-5, including allegations of
issuing a series of material misrepresentations to the market,
which had the effect of artificially inflating the market price at
all relevant times. The class period is from April 24, 2003 through
February 16, 2005. Plaintiff seeks to recover damages on behalf of
the Class. If you are a member of the Class as described above, you
may move the Court no later than May 2, 2005, to serve as a lead
plaintiff for the Class. However, in order to do so, you must meet
certain legal requirements pursuant to the Private Securities
Litigation Reform Act of 1995. If you wish to discuss this action,
participate in this suit, or have any questions or concerns
regarding this notice, or preservation of your rights, please
contact: William B. Federman FEDERMAN & SHERWOOD 120 N.
Robinson, Suite 2720 Oklahoma City, OK 73102 (405) 235-1560/FAX:
(405) 239-2112 mail to: http://www.federmanlaw.com/ DATASOURCE:
Federman & Sherwood CONTACT: William B. Federman of Federman
& Sherwood, +1-405-235-1560, or fax, +1-405-239-2112, or Web
site: http://www.federmanlaw.com/
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