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Los Angeles Land Use Lawyer Ben Reznik Leads Successful Fight for Property Owners' Rights
LOS ANGELES, CA--(Marketwire - November 25, 2009) - Weiss & Lurie announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of purchasers of STEC, Inc. ("STEC") (NASDAQ: STEC) securities from June 16, 2009 through November 3, 2009 (the "Class Period"). The complaint alleges that the defendants, who are STEC and certain of the Company's officers, violated the Securities and Exchange Act of 1934 by issuing materially false and misleading statements regarding the Company, its financial condition, customers, products, competitive position and prospects. Specifically, the complaint alleges that defendants represented that STEC had no competitors for certain of its solid state disk drive products ("SSDs"), and anticipated increases in the sales of its SSD products and continued profitability despite a worldwide downturn in the disk d
NEW YORK, NY--(Marketwire - November 25, 2009) - Bronstein, Gewirtz & Grossman, LLC announces that a class action has been filed in the United States District Court for the Northern District of Texas on behalf of those who purchased or otherwise acquired stock of Zale Corporation ("Zale" or the "Company") (NYSE: ZLC) during the period between November 16, 2006 through and including October 29, 2009 (the "Class Period"). According to the complaint, during the Class period defendants made false and/or misleading statements and failed to disclose, among other things, the following material adverse facts: (i) that instead of recording certain advertising costs as an expense, Zale improperly recorded them as prepaid advertising; (ii) that Zale improperly accounted for intercompany accounts receivable associated with its wholly owned insurance subsidiaries; (iii) that as a result, Zale's financial results were overstate
NEW YORK, NY--(Marketwire - November 24, 2009) - Bernstein Liebhard LLP has filed a case against ProShares Trust ("ProShares") concerning ProShares' DXD (NYSE: DXD) fund. This complaint alleges that ProShares, as well as others, violated the Securities Act of 1933 by failing to disclose the following risks, inter alia, in the Registration Statement, Prospectuses, and Statements of Additional Information issued in connection with shares of the DXD fund: (1) if shares of the DXD fund were held for a time period longer than one day, the likelihood of catastrophic losses was huge; and (2) the extent to which performance of the DUG fund would inevitably diverge from the performance of its benchmark -- i.e., the overwhelming probability, if not certainty, of spectacular divergence.
DENVER, CO--(Marketwire - November 24, 2009) - Dyer & Berens LLP (www.DyerBerens.com) today announced that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of VeraSun Energy Corp. ("VeraSun") (PINKSHEETS: VSUNQ) between March 12, 2008 and September 16, 2008, inclusive (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act").
