Federman & Sherwood Announces That a Securities Class Action Lawsuit has been Filed Against InfoSonics Corporation
19 Junho 2006 - 7:31PM
PR Newswire (US)
OKLAHOMA CITY, June 19 /PRNewswire/ -- On June 13, 2006, a class
action lawsuit was filed in the United States District Court for
the Southern District of California against InfoSonics Corporation
(AMEX:IFO). 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. The class period is from
May 9, 2006 through June 9, 2006. 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 Monday,
August 14, 2006, 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 or any other lawsuit, 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 Email 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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