NEW YORK, Aug. 11, 2004–On August 9, 2004, a class action was commenced on behalf of all persons who purchased the securities of Wireless Facilities, Inc. (NASDAQ:WFII) in the period from April 26, 2000 to August 4, 2004. Plaintiffs are represented by Shalov Stone & Bonner LLP, and information about the lawsuit is available on the firm’s website at www.lawssb.com
The complaint alleges that the defendants made material misrepresentations and omissions of material facts concerning the company’s business performance during the relevant time period. According to the complaint, throughout the relevant time period, defendants misrepresented the financial condition of the company by materially underreporting its foreign tax burden, thereby purposefully overstating the company’s net income by at least $10-12 million. The lawsuit was filed in the United States District Court for the Southern District of California.
Plaintiffs are represented by the law firm of Shalov Stone & Bonner LLP, which has extensive experience in the prosecution of class actions on behalf of investors. For more information about Shalov Stone & Bonner LLP, please visit the firm’s website at: www.lawssb.com.
If you would like to participate in this action or would like additional information about the lawsuit, please contact Thomas G. Ciarlone, Jr., at Shalov Stone & Bonner LLP, 485 Seventh Avenue, Suite 1000, New York, New York 10018 (telephone: (212) 239-4340; e-mail: [email protected]).