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Lawsuit filed against Majesco Entertainment Company on behalf of Investors

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Case ID: 4357 | Stocks | 07/21/2005

The class action lawsuit was filed July 15, 2005 by New York attorneys on behalf of purchasers of shares in game publisher Majesco seeking monetary compensation. The lawsuit alleges violations of the federal securities laws by Majesco Entertainment Company and certain of its officers and/or directors. The case is on behalf of purchasers of the securities of Majesco Entertainment Company (NASDAQ: COOL) between December 8, 2004 to July 12, 2005, inclusive (the "Class Period") seeking monetary compensation under the Securities Exchange Act of 1934.

The Complaint alleges that, throughout the Class Period, defendants represented that the Company's revenue and income would continue to grow over its impressive 2004 and first half of 2005 results in its fiscal year 2005, even as the Company increased its investment in product development and marketing.


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