NEW YORK, Oct. 5, 2000 (PRIMEZONE) -- Crayfish (Nasdaq:CRFH) investors have filed a class action lawsuit following the dramatic decline in the price of Crayfish stock. Crayfish stock fell after Hikari Tsushin -- Crayfish's business partner and major shareholder -- belatedly disclosed that its financial troubles would impact Crayfish's business. The class action was filed in federal court in New York. Investors represented by Shalov Stone & Bonner (www.lawssb.com) allege that Crayfish conducted its IPO pursuant to a prospectus that failed to disclose Hikari Tsushin's financial troubles, and that these troubles existed long before the IPO. Crayfish investors have been left with massive losses.
Investors who purchased Crayfish stock in the time period from March 8, 2000 through August 30, 2000 should contact:
Shalov Stone & Bonner Mark J. Nemetz, Legal Assistant 276 Fifth Avenue Suite 704 New York, NY 10001 Telephone: 212-686-8004 Ext. 15 Email: mark@lawssb.com