BENSALEM, Pa., April 14, 2007 LAWFUEL – Class Actions Newswire –Law Offices of Howard G. Smith Announces 31 Days Remaining to
Move to Be a Lead Plaintiff in the Shareholder Lawsuit
Against WorldSpace, Inc. — WRSP
BENSALEM, Pa., April 14, 2007 (PRIME NEWSWIRE) — Law Offices of Howard
G. Smith announces a May 15, 2007, deadline to move to be a lead
plaintiff in the securities class action lawsuit filed on behalf of
shareholders who purchased the common stock of WorldSpace, Inc.
(“WorldSpace” or the “Company”)(Nasdaq:WRSP) pursuant or traceable to
the Company’s initial public offering commencing August 4, 2005. The
shareholder lawsuit is pending 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 the
Company’s operations and financial performance, thereby artificially
inflating the price of WorldSpace 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 purchased WorldSpace common stock pursuant or traceable to the
Company’s initial public offering, you have certain rights, and have 31
days remaining — until May 15, 2007 — in which 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
www.howardsmithlaw.com.
More information on this and other class actions can be found on the
Class Action Newsline at www.primenewswire.com/ca.
-0-
announces a May 15, 2007, deadline to move to be a lead
plaintiff in the securities class action lawsuit filed on behalf of
shareholders who purchased the common stock of WorldSpace, Inc.
(“WorldSpace” or the “Company”)(Nasdaq:WRSP) pursuant or traceable to
the Company’s initial public offering commencing August 4, 2005. The
shareholder lawsuit is pending 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 the
Company’s operations and financial performance, thereby artificially
inflating the price of WorldSpace 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 purchased WorldSpace common stock pursuant or traceable to the
Company’s initial public offering, you have certain rights, and have 31
days remaining — until May 15, 2007 — in which 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
www.howardsmithlaw.com.
More information on this and other class actions can be found on the
Class Action Newsline at www.primenewswire.com/ca.
