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Case ID: 4455 | Stocks | 10/03/2005
A class action has been filed against Mercury Interactive Corporation (MERQE), certain of its officers and directors by stockholders who purchased the company's common stock between October 22, 2003 and July 5, 2005. 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.
According to a press release dated August 21, 2005, the complaint alleges that as late as April 28, 2005, Defendants increased their previous 2005 annual guidance, serving to affirm prior statements that the company was continuing in a positive direction. Unbeknownst to investors, it is alleged that Defendants concealed auditing expenses during the class period. The case was brought on behalf of all shareholders who purchased or acquired MercInteractive securities during the class period. This case is also brought on behalf of those purchasing notes convertible to shares of Company stock, pursuant to the Company's 0 Coupon Senior Convertible Notes (due 2008 offering). If you bought Mercury Interactive Corporation securities between October 22, 2003 and July 5, 2005, inclusive, and would like to obtain information about the Mercury Interactive Corporation lawsuit, then you are invited to call (866) 467-1400 to speak with an attorney. At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Stocks Cases of Interest A class action has been filed in the Middle District Court of Florida against Anchor Glass Container Corporation (NASDAQ: AGCC) and certain of its officers and directors by stockholders who purchased the company's common stock between September 25, 2003 and November 4, 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. A class action has been filed against construction equipment rental supplier United Rentals, Inc. (NYSE: URI) and certain of its officers and directors by stockholders who purchased the company's common stock between October 23, 2003 and August 30, 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. Motorola says it has settled a securities class action lawsuit related to Turkish wireless company Telsim. A class action has been filed against Rhodia S.A. (NYSE:RHA), certain of its officers and directors by stockholders who purchased the company's common stock between April 26, 2001 and March 23, 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. Several class actions have been filed against for-profit education provider Corinthian Colleges, Inc., (Nasdaq:COCO) and certain of its officers and directors by stockholders who purchased the company's common stock between August 27, 2003, and June 23, 2004. The actions claim 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. A class action has been filed against NVE Corporation (NVEC), certain of its officers and directors by stockholders who purchased the company's common stock between May 22, 2003 and February 11, 2005. 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. |
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