MIAMI- LAWFUEL – The Law News Network -Feb. 21, 2006–The law firms of Kozyak Tropin & Throckmorton, P.A. and Podhurst, Orsek, P.A. (the “Law Firms”) announce that they have filed a class action lawsuit on behalf of all persons who purchased, sold, held and/or retained investments in retirement trust plans offered by Pension Funds of America (“PFA”), or its affiliated companies, during the period commencing January 1999 through the present (“Class Period”), seeking to pursue remedies under the Securities Exchange Act of 1934. A copy of the complaint filed in this action is available from the Court, or can be viewed at Kozyak Tropin & Throckmorton’s website at http://www.kttlaw.com.
If you purchased the securities of PFA on or after January 1, 1999, and sustained damages, you may, no later than April 23, 2006 request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as “lead plaintiff.” Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain the Law Firms, or other counsel of your choice, to serve as your counsel in this action.
The action, civil action number 05-21169, is pending in the United States District Court for the Southern District of Florida against defendants Lehman Brothers, Inc., Merrill Lynch & Co., Inc., Raymond James Financial Services, Inc., Oliva Investment Group, Inc., Suntrust Banks, Inc., HSBC Bank, U.S.A., Luis Cornide, and Robert A. de la Riva. According to the complaint, the defendants violated Sections 12, 17(a), and 22(a) of the Securities Act of 1933 (“Securities Act”), 15 U.S.C. ss. 77l, 77q(a), and 77v(a); and Sections 10(b) and 27 of the Securities Exchange Act of 1934 (“Exchange Act”), 15 U.S.C. ss. 78j(b) and 78aa, and Section 12 and 15 of the Securities Act, 15 U.S.C. ss. 77(l) and 77(o), in connection with the sale of unregistered securities and the fraudulent scheme perpetrated by Defendants and PFA.
If you wish to discuss this action, or have any questions concerning this notice or your rights and interests with regard to the case, please contact the following attorneys:
David P. Milian, Esq. Victor Diaz, Esq.
Kozyak Tropin & Throckmorton, P.A. Podhurst Orsek, P.A.
2525 Ponce de Leon, 9th Floor 25 W. Flagler Street, Suite 800
Coral Gables, Florida 33134 Miami, Florida 33130
Email: [email protected] Email: [email protected]