Federman & Sherwood Announces That a Securities Class Action Lawsuit has been Filed Against InfoSonics Corporation
OKLAHOMA CITY, June 19 LAWFUEL – Press Release Network — On June 13, 2006, a class action lawsuit was filed in the United States District Court for the Southern District of California against InfoSonics Corporation (Amex: IFO). 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 of issuing a series of material misrepresentations to the
market which had the effect of artificially inflating the market price.
The
class period is from May 9, 2006 through June 9, 2006.
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 Monday, August 14, 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.
If you wish to discuss this action, participate in this or any other
lawsuit, 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, OK 73102
(405) 235-1560/FAX: (405) 239-2112
Email to: wfederman@aol.com – http://www.federmanlaw.com
