Class action lawsuit filed against Virgin Mobile USA
Class Action News
Law Offices of Howard G. Smith announces that a securities class action lawsuit has been filed on behalf of investors who purchased the common stock of Virgin Mobile USA, Inc. ("Virgin Mobile" or the "Company") pursuant or traceable to the Company's Initial Public Offering on or about October 11, 2007 through November 15, 2007, inclusive (the "Class Period"). The class action lawsuit was filed in the United States District Court for the Southern District of New York.
The Complaint alleges that defendants violated federal securities laws by issuing material misrepresentations to the market concerning Virgin Mobile's business, operations and financial performance, thereby artificially inflating the price of the Company's stock.
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 common stock of Virgin Mobile pursuant or traceable to the Company's Initial Public Offering on or about October 11, 2007 through November 15, 2007, you have certain rights, and have until January 22, 2008, to move for Lead Plaintiff status. 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 wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215)638-4847, Toll-Free at (888)638-4847, by email to howardsmithlaw@hotmail.com or visit our website at http://www.howardsmithlaw.com.
Related listings
-
Another Class-Action Lawsuit Filed Over Fernley Flood
Class Action News 01/15/2008Three law firms have filed a class-action lawsuit on behalf of victims of last weekend's Fernley flood - the second such complaint in two days.In their suit filed Friday in Lyon County District Court in Yerington, the Reno firms of Maddox & Assoc...
-
Banks Targeted by Italy's First Class-Action Suit
Class Action News 01/10/2008Consumer group Adusbef plans to fight Italian banks' use of a certain type of compound interest on loans, in what could lead to Italy's first class-action lawsuit, a statement from the group said.A recently enacted law will allow class-action lawsuit...
-
De Beers Diamonds Settles Class Action Lawsuit
Class Action News 01/10/2008If you bought diamonds over the last decade, you might be entitled to some money back.The mining company De Beers is settling a $295 million class action lawsuit.De Beers was accused of fixing diamond prices and monopolizing the market. The case invo...
Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.