OKLAHOMA CITY, Feb. 10 – LAWFUEL – The Law News Network — On February 10, 2006, Federman & Sherwood filed the first securities class action lawsuit in the United States District Court for the District of Minnesota against NVE Corporation
(Nasdaq: NVEC), and certain officers and directors. The Complaint alleges
violations of federal securities laws, Sections 10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5, including allegations that the
defendants issued a series of material misrepresentations to the market
concerning its projected revenues and product technology, which had the effect
of artificially inflating the shares’ market price. The class period is from
May 22, 2003 through February 11, 2005.
Plaintiff seeks to recover damages on behalf of the Class. If you are a
member of the Class as described above, you may move the Court no later than
Tuesday, April 11, 2006, to serve as a Lead Plaintiff for the Class. However,
in order to do so, you must meet certain legal requirements pursuant to the
Private Securities Litigation Reform Act of 1995.
Federman & Sherwood’s attorneys, with offices in Texas and Oklahoma, have
focused on securities litigation for more than twenty (20) years. The firm
has been appointed as Lead Counsel in numerous securities fraud and corporate
derivative actions. If you wish to discuss this action, participate in this
suit, or have any questions or concerns regarding this notice, or preservation
of your rights, please contact:
William B. Federman
FEDERMAN & SHERWOOD
120 N. Robinson, Suite 2720
Oklahoma City, Oklahoma, 73102
(405) 235-1560/FAX: (405) 239-2112
Email to: wfederman@aol.com – http://www.federmanlaw.com
