NEW YORK, NY November 11 2004 – LAWFUEL – Class action, litigation, legal, law firm news — The Rosen Law Firm announced today that it has filed a class action lawsuit in the United States District Court for the District of Minnesota on behalf of all persons who purchased the securities of The St. Paul Travelers Companies, Inc. (“St. Paul” or the “Company”) (NYSE: STA) between January 27, 2000 and October 22, 2004, inclusive (the “Class Period”), against defendants St. Paul and certain officers and directors of the Company. A copy of the complaint filed in this action is available from the District Court or from the Rosen Law Firm’s website http://www.rosenlegal.com
To join the St. Paul securities litigation as a plaintiff or for further information, please call Laurence Rosen, Esq. toll-free at 866-767-3653 or email email@example.com .
You may join the class action online at http://www.rosenlegal.com.
The complaint charges that St. Paul and certain of its officers and directors violated Section 10b of the Securities Exchange Act of 1934 by failing to disclose material information including the following adverse facts: (a) the Company engaged in an improper and unsustainable course of business under which it agreed to pay “contingent commissions” to insurance brokers to have them steer business to St. Paul and protect St. Paul from competition; (b) the Company’s illicit scheme exposed the Company to significant regulatory penalties and threatened loss of consumer goodwill jeopardizing the Company’s ability to sustain any performance in its legitimate business practices; (c) the Company’s revenues and earnings would have been significantly less had the Company not engaged in such unlawful practices; (d) and the Company’s prospects were at risk because its business and revenue could and would not be sustained when the public learned of its unlawful practice alleged herein.
If you wish to join the litigation 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 firstname.lastname@example.org You can also join this class action online at http://www.rosenlegal.com.
If you wish to serve as lead plaintiff, you must move the Court no later than 57 days from today.
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.
Laurence Rosen, Esq.
The Rosen Law Firm P.A.
Tel: (212) 686-1060
Toll Free: 1-866–767-3653
Fax: (212) 202-3827