ابو محمد
عضو نشط
- التسجيل
- 31 أغسطس 2001
- المشاركات
- 98
هالخبر زين والا شين ومشكور ياليت الرد قبل السوق علشان نخلي والا نبيع؟
SOURCE: Milberg Weiss Bershad Hynes & Lerach LLP
Milberg Weiss Files Class Action Lawsuit Against Dynacq International Inc.
SAN DIEGO--(BUSINESS WIRE)--Jan. 31, 2002--Milberg Weiss (http://www.milberg.com/dynacq/) today announced that a class action has been commenced in the United States District Court for the Southern District of Texas on behalf of purchasers of Dynacq International Inc. (``Dynacq'') (Nasdaq
YII - news) publicly traded securities during the period between Nov. 29, 1999 and Jan. 16, 2002 (the ``Class Period'').
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, William Lerach or Darren Robbins of Milberg Weiss at 800/449-4900 or via e-mail at wsl@milberg.com. If you are a member of this class, you can join this class action online at http://www.milberg.com/dynacq/. 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.
The complaint charges Dynacq and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Dynacq is engaged in the ownership and management of an acute care hospital, the operation of two outpatient surgical facilities, the operation of a medical office complex, the management of physician practices (all located in the Vista medical center campus in Pasadena, Texas) and the business of providing home infusion healthcare services to patients in their homes.
The complaint alleges that during the Class Period, defendants represented that Dynacq's favorable financial results were due to its commitment to quality and cost-effective care. Throughout the Class Period, defendants repeatedly stated that Dynacq's financials were strong and that it was consistently achieving ``record results.'' Defendants actually knew that the quality of Dynacq's balance sheet was eroding, that it was violating federal law in the maintenance of its facilities and that it improperly cared for patients.
On Jan. 16, 2002, TheStreet.com ran an article on Dynacq entitled, ``Dynacq's Doubtful Accounts Send Distress Signals.'' Essentially, the article exposed many of the Company's problems which, in the days that followed, caused the Company's share price to crumble. These disclosures shocked the market, causing Dynacq's stock to decline to less than $15 per share before closing at $15.20 per share on Jan. 17, 2002, on volume of more than 2.6 million shares, and later plummeting to less than $12 per share.
Plaintiff seeks to recover damages on behalf of all purchasers of Dynacq publicly traded securities during the Class Period (the ``Class''). The plaintiff is represented by Milberg Weiss Bershad Hynes & Lerach LLP, who has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.
Milberg Weiss Bershad Hynes & Lerach LLP, a 170-lawyer firm with offices in New York, San Diego, San Francisco, Los Angeles, Boca Raton, Fla., Seattle and Philadelphia, is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of World War II and other human rights violations, and has been responsible for more than $30 billion in aggregate recoveries. The Milberg Weiss Web site (http://www.milberg.com) has more information about the firm.
--------------------------------------------------------------------------------
Contact:
Milberg Weiss Bershad Hynes & Lerach LLP
William Lerach, 800/449-4900
wsl@milberg.com
Email this story - Most-emailed articles - Most-viewed articles
SOURCE: Milberg Weiss Bershad Hynes & Lerach LLP
Milberg Weiss Files Class Action Lawsuit Against Dynacq International Inc.
SAN DIEGO--(BUSINESS WIRE)--Jan. 31, 2002--Milberg Weiss (http://www.milberg.com/dynacq/) today announced that a class action has been commenced in the United States District Court for the Southern District of Texas on behalf of purchasers of Dynacq International Inc. (``Dynacq'') (Nasdaq
YII - news) publicly traded securities during the period between Nov. 29, 1999 and Jan. 16, 2002 (the ``Class Period''). If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, William Lerach or Darren Robbins of Milberg Weiss at 800/449-4900 or via e-mail at wsl@milberg.com. If you are a member of this class, you can join this class action online at http://www.milberg.com/dynacq/. 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.
The complaint charges Dynacq and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Dynacq is engaged in the ownership and management of an acute care hospital, the operation of two outpatient surgical facilities, the operation of a medical office complex, the management of physician practices (all located in the Vista medical center campus in Pasadena, Texas) and the business of providing home infusion healthcare services to patients in their homes.
The complaint alleges that during the Class Period, defendants represented that Dynacq's favorable financial results were due to its commitment to quality and cost-effective care. Throughout the Class Period, defendants repeatedly stated that Dynacq's financials were strong and that it was consistently achieving ``record results.'' Defendants actually knew that the quality of Dynacq's balance sheet was eroding, that it was violating federal law in the maintenance of its facilities and that it improperly cared for patients.
On Jan. 16, 2002, TheStreet.com ran an article on Dynacq entitled, ``Dynacq's Doubtful Accounts Send Distress Signals.'' Essentially, the article exposed many of the Company's problems which, in the days that followed, caused the Company's share price to crumble. These disclosures shocked the market, causing Dynacq's stock to decline to less than $15 per share before closing at $15.20 per share on Jan. 17, 2002, on volume of more than 2.6 million shares, and later plummeting to less than $12 per share.
Plaintiff seeks to recover damages on behalf of all purchasers of Dynacq publicly traded securities during the Class Period (the ``Class''). The plaintiff is represented by Milberg Weiss Bershad Hynes & Lerach LLP, who has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.
Milberg Weiss Bershad Hynes & Lerach LLP, a 170-lawyer firm with offices in New York, San Diego, San Francisco, Los Angeles, Boca Raton, Fla., Seattle and Philadelphia, is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of World War II and other human rights violations, and has been responsible for more than $30 billion in aggregate recoveries. The Milberg Weiss Web site (http://www.milberg.com) has more information about the firm.
--------------------------------------------------------------------------------
Contact:
Milberg Weiss Bershad Hynes & Lerach LLP
William Lerach, 800/449-4900
wsl@milberg.com
Email this story - Most-emailed articles - Most-viewed articles