NEW YORK, NY – 8 August, 2004 Today’s legal news, law news, law firm announcements & research in LAWFUEL The Rosen Law Firm announced today it has filed a class action in the United States District Court, Central District of California on behalf of purchasers of membership interests in Harvest AirPime LLC, Harvest Storage Technology Group LLC and Woodcarvers Limited LLC (the “Companies”) during the period from November 20, 1998 through December 31, 2003, inclusive (the “Period”). The Companies were conduits for investments in Chaparral Network Storage, Inc. and AirPrime, Inc.
The complaint charges Robert T. Harvey, Timothy Smoot, the Companies, Sierra Wireless America, Inc. (formerly AirPrime, Inc.), Chaparral Network Storage Inc., as well as certain former officers and directors and related companies and affiliates with violating Section 10b of the Securities Exchange Act of 1934, breach of fiduciary duty, and other state law causes of action for allegedly failing to disclose material information concerning investments in the Companies, including the fact that Robert Harvey, the broker for the securities and manager of the Companies had prior fraud related convictions and was to receive undisclosed compensation for his role in the offerings. As a result of this conduct, according to the complaint, investors in the Companies suffered damages during the Period.
Pursuant to 15 U.S.C. sec. 78u-4(a)(B)(iii), not later than 60 days after today, any purchaser of the Companies’ securities during the Period may move the court to serve as lead plaintiff in the action.
If you wish to join the litigation as a lead plaintiff or to discuss your rights or interests regarding this class action, please contact plaintiff’s counsel, Laurence Rosen, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com.
The Rosen Law Firm has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.
For further information please contact:
Laurence Rosen, Esq.
350 Fifth Avenue, Suite 5508
New York, New York 10118
Tel: (212) 686-1060
Email: lrosen@rosenlegal.com
