BALTIMORE, July 22, 2003 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action has been commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired Crompton Corporation ("Crompton") (NYSE:CK) publicly traded securities, including former Crompton & Knowles and Witco shareholders who exchanged their shares of stock for CK Witco stock pursuant to the merger during the period between October 26, 1998 and October 8, 2002 (the "Class Period").
The case is pending in the United States District Court for the Northern District of California against Crompton Corporation and certain of its current and/or former officers and/or directors.
The action charges that defendants violated federal securities laws by issuing a series of materially false and misleading statements to the market throughout the Class Period which statements had the effect of artificially inflating the market price of the Company'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 are a member of the Class, you may move the court no later than 60 days from July 18, 2003 to serve as a lead plaintiff for the Class. In order to serve as a lead plaintiff, you must meet certain legal requirements. 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 an acquirer of Crompton Corporation securities (including former Crompton & Knowles and Witco shareholders who exchanged their shares of stock for CK Witco stock pursuant to the merger) during the Class Period 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. 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 410/986-0036.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca