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Case ID: 4866 | Stocks | 07/11/2006
A class action has been filed against Antigenics Inc. (AGEN), certain of its officers and directors by stockholders who purchased the company's common stock between September 3, 2003 and March 23, 2006. 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 June 23, 2006, Antigenics Inc. announced that on June 16, 2006, a purported class action complaint was filed in the United States District Court for the District of New Mexico by Steven J. Tuckfelt on behalf of himself and all others similarly situated against Antigenics Inc. (the "Company") and its chief executive officer. The complaint alleges that certain disclosures by the Company violated Sections 10(b) and 20(a) of the Securities and Exchange Act of 1934 as well as includes purported claims for breach of fiduciary duty. The Company believes that the complaint is without merit and plans to vigorously defend against the litigation. The Company's policy is to not discuss pending litigation. Antigenics is a biotechnology company working to develop treatments for cancers, infectious diseases and autoimmune disorders. If you bought Antigenics Inc. securities between September 3, 2003 and March 23, 2006, inclusive, and would like to obtain information about the Antigenics Inc. 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 against Fidelity Management & Research Company and FMR Company, Inc., on behalf of all shareholders in the Fidelity Contrafund, the Fidelity Growth & Income Fund, the Fidelity Magellan Fund, the Fidelity Blue Chip Growth Fund, and the Fidelity Low-Priced Stock Fund, who allege that the companies have charged them excessive fees for the management of the funds, in violation of federal securities laws. A class action has been filed against Morgan Stanley DW, Inc., and certain of its officers and directors by stockholders who purchased the company's common stock between January 01, 1990 and January 20, 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. Who will look out for stockholders if corporate executives and boards don’t? Several class actions have been filed against the directors of petroleum companies Pennzoil-Quaker State Company by stockholders who allege that the directors breached their fiduciary duties to them in agreeing to the 2002 Pennzoil-Quaker State and Shell Oil Company merger. A class action has been filed against Bombardier, Inc., and certain of its officers and directors by stockholders who purchased the company's common stock between Thursday, January 27, 2000 and Tuesday, May 06, 2003. 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 Italian dairy giant Parmalat Finanziaria S.p.A (Pink: PARAF.PK, formerly OTCBB: PARAF) and certain of its officers and directors by stockholders who purchased the company's common stock between January 5, 1999, and December 29, 2003. 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. The stockholders seek to recover compensatory damages for the loss of value of their stock. Several class actions have been filed against communications and security systems engineering specialists Wireless Facilities, Inc. (Nasdaq:WFII), and certain of its officers and directors by stockholders who purchased the company's common stock between April 26, 2000, and August 4, 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. |
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