MIAMI, Dec. 17, 2008 (GLOBE NEWSWIRE) -- Damian & Valori, LLP, Wadsworth Huott LLP, and Dimond Kaplan & Rothstein, P.A. announced today that a class action has been commenced in the United States District Court for the Middle District of Florida on behalf of a putative Class consisting of all persons (the "Class") who purchased, sold, held, and/or retained investments in Nexstar Communications, LLC, TMT Equipment Company, LLC; TMT Management Group, LLC; POSA, LLC, POSA TMT, LLC; Camtucket LLC; Televest Communications, LLC; TMT International, LLC, Televest Group, LLC; KBK Partnership LLP; Chilham LLC; and Spin Drift, LLC (collectively, the "Defendants' Entities") between April 2003 and February 2006 (the "Class Period").
If you wish to serve as lead plaintiff for the Class, you must file a motion with the Court no later than sixty (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 Melanie Damian of Damian & Valori, LLP at (305) 371-3960. If you are a member of this Class, you can view a copy of the Complaint as filed in this class action online at http://dvllp.com. Any member of the purported Class may file a motion with the Court to seek 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 Defendants Paul A. Hoffman and Edward S. Digges, Jr. with perpetrating a fraudulent securities scheme by which the Class members were defrauded out of approximately $22 million through investments in the Defendants' Entities.
The Complaint alleges that between April 2003 and February 2006, the Defendants and the Defendants' Entities fraudulently sold to the Class certain securities in the form of investments in "point-of-sale" ATM terminals coupled with lease agreements based upon a series of misrepresentations concerning the nature and worth of the investments as well as the role and background of the Defendants. Plaintiff seeks to recover damages on behalf of the Class (which excludes Defendants and all of their respective employees, agents, family members, legal representatives, heirs, subsidiaries, affiliates (including the Defendants' Entities), successors, or assigns) and seeks to pursue remedies under the Securities Exchange Act.
Plaintiffs are represented by Damian & Valori, LLP, Wadsworth Huott LLP, and Dimond Kaplan & Rothstein, P.A., whose lawyers have extensive experience prosecuting class action matters and representing defrauded investors.
The attorneys of Damian & Valori, LLP, Wadsworth Huott LLP, and Dimond Kaplan & Rothstein, P.A. practice complex commercial litigation in federal and state courts and Dimond Kaplan & Rothstein, P.A. maintains an extensive securities arbitration practice. Damian & Valori, LLP, Wadsworth Huott LLP, and Dimond Kaplan & Rothstein, P.A. are well known and respected in the South Florida legal community as honorable and diligent counsel to defrauded investors. Damian & Valori, LLP maintains its offices in Miami, Florida, Wadsworth Huott LLP maintains its office in Miami, Florida, and Dimond Kaplan & Rothstein, P.A. has offices in Miami and West Palm Beach, Florida. For more information, please go to Damian & Valori, LLP's website at www.dvllp.com, Dimond Kaplan & Rothstein, P.A.'s website at www.dkrpa.com, or please contact Melanie Damian at (305) 371-3960.
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