BALTIMORE, Feb. 5, 2002 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that securities class actions have been commenced on behalf of shareholders who acquired Elan Corporation, PLC (NYSE:ELN) securities, including American Depository Receipts (ADRs), during various proposed class periods spanning from December 21, 2000 through February 1, 2002, inclusive (the Class Period).
The cases are pending in the United States District Court for the Southern District of California and in the United States District Court for the Southern District of New York and include as defendants Elan Corporation, Donald Geaney, Shane Cooke, Thomas Lynch, John Groom, William Clark and KPMG, LLP.
The actions charge that various of those named in the pending suits violated the federal securities laws by issuing a series of materially false and misleading statements to the market between periods spanning from January 2, 2001 through January 29, 2002, inclusive, which statements had the effect of artificially inflating the market price of Elan's securities.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased the stock listed above during the class period, you have certain rights. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice.
If you were a purchaser of a stock listed above during the period indicated and want to discuss your legal rights, you may e-mail or call Law Offices Of Charles J. Piven, P.A. who will, without obligation or cost to you, attempt to answer your questions. Law Offices Of Charles J. Piven has been involved in securities litigation for over ten years. You may contact Law Offices Of Charles J. Piven, P.A. at The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202, by email at hoffman@pivenlaw.com or by calling (410) 332-0030.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca