A class action has been filed in the District Court of New Jersey against MedQuist, Inc., a New Jersey based transcription service provider, (MEDQ.PK) and certain of its officers and directors by stockholders who purchased the company's common stock between April 23, 2002 and November 2, 2004. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock.
Specifically, the action charges that defendants violated federal securities laws by issuing a series of materially false and misleading statements to the market throughout the Class Period, which statements had the effect of artificially inflating the market price of the Company's securities.
If you are a member of the proposed class, you may move the court no later than January 7, 2005 to serve as a lead plaintiff for the proposed class. In order to serve as a lead plaintiff, you must meet certain legal requirements.

This is all the information that has been reported thus far. ClassActionAmerica.com will continue to monitor this case and provide updates when available.