Sarraf Gentile LLP Provides Update on Securities Fraud Class Action Against Bidz.com


NEW YORK, NY--(Marketwire - May 8, 2009) - The law firms of Sarraf Gentile LLP and Barrack, Rodos & Bacine filed a securities fraud class action lawsuit in the United States District Court for the Central District of California, on behalf of purchasers of common stock of Bidz.com (NASDAQ: BIDZ) during the period between August 13, 2007 and November 26, 2007 (the "Class Period").

This is the only class action filed on behalf of Bidz shareholders to recover money for securities fraud violations. Sarraf Gentile LLP and Barrack, Rodos & Bacine are the only law firms representing Plaintiffs. No other counsel has filed an action seeking relief for the proposed class.

If you are a Bidz shareholder you have until July 6, 2009, to ask the Court to appoint you lead plaintiff. To learn more about your rights and whether you qualify to be a lead plaintiff, please contact: Joseph Gentile at Sarraf Gentile LLP (telephone: 212-868-3610; e-mail: joseph@sarrafgentile.com); or, Julie Palley at Barrack, Rodos & Bacine (telephone: 877-386-3304; e-mail: jpalley@barrack.com).

Sarraf Gentile LLP and Barrack, Rodos & Bacine have extensive experience litigating securities fraud class actions across the United States and have recovered millions of dollars on behalf of injured shareholders. They alone investigated and filed this class action, and are the only attorneys representing Plaintiffs.

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Contact Information: Contact: SARRAF GENTILE LLP 116 John Street, Suite 2310 New York, NY 10038 T 212.868.3610 F 212.918.7967 www.sarrafgentile.com