BALA CYNWYD, Pa., Sept. 7, 2001 (PRIMEZONE) -- Brodsky & Smith, L.L.C., of Bala Cynwyd, PA, today announced that class action lawsuits have been initiated in federal courts across the country by various lawfirms alleging violations of the federal and/or state securities laws and that investigations of these securities law violations by Brodsky & Smith, L.L.C. are underway for the following corporations:
Corporation Class Period
Akorn, Inc. (Nasdaq:AKRN) 02-20-01 to 05-22-01
Lammerz International, Inc. (NYSE:HAZ) 06-08-00 to 09-05-01
Loudcloud, Inc. (Nasdaq:LDCL) 03-08-01 to 05-01-01
Metromedia Fiber Network, Inc.
(Nasdaq:TGLO) 01-08-01 to 07-02-01
The proposed classes of investors have not yet been certified by the courts. Until certified, an investor is not represented. You have the right to be represented and to participate as a plaintiff if you purchased the above-named securities during the proposed class periods identified above.
Brodsky & Smith, L.L.C., has only filed a lawsuit against Metromedia Fiber Network, Inc. as of the time of this press release and is still investigating the alleged violations brought by other lawfirm(s) against the other above-mentioned companies at this time. If you purchased a stock listed during the period indicated above and would like to receive information about the procedure for retaining counsel, participating as a lead plaintiff and/or other law firms involved in any pending litigation, or any of your legal rights please contact Jason Brodsky, Esquire, of Brodsky & Smith, L.L.C., 11 Bala Avenue, Suite 39, Bala Cynwyd, PA 19004 via email at jbrodsky@brodsky-smith.com or at (toll free) 877-LEGAL90. Please indicate the name of the stock, quantity of shares purchased, your name, address, telephone number and facsimile number.
More information on these and other class actions can be found on the Class Action Newsline at www.primezone.com/ca