CORRECTING and REPLACING Law Offices of Curtis V. Trinko, LLP Files Class Action...
* Reuters is not responsible for the content in this press release.
CORRECTING and REPLACING Law Offices of Curtis V. Trinko, LLP Files Class Action Lawsuit against JP Morgan Chase & Co.
NEW YORK--(Business Wire)--
First graph of release dated June 5, 2008 should read: xxx between
May 16, 2003 and February 13, 2008... (sted xxx between May 16, 2003
and February 1, 2008...). Third graph of release should read: xxx and
continue to hold such securities as of February 13, 2008... (sted xxx
and continue to hold such securities as of February 1, 2008...).
The corrected release reads:
LAW OFFICES OF CURTIS V. TRINKO, LLP FILES CLASS ACTION LAWSUIT
AGAINST JP MORGAN CHASE & CO.
The Law Offices of Curtis V. Trinko, LLP has commenced a class
action lawsuit in the U.S. District Court for the Southern District of
New York seeking to recover damages on behalf of all persons who
purchased or acquired Auction Rate Securities from JP Morgan Chase &
Co., and J.P. Morgan Securities, Inc. ("Defendants") between May 16,
2003 and February 13, 2008, inclusive (the "Class Period").
The complaint alleges that Defendants violated Sections 10(b) and
20(a) of the Securities Exchange Act of 1934 by deceptively offering
for sale Action Rate Securities, and represented to investors that
these securities were the equivalent of cash or money-market
substitutes, and/or other short term investments that were highly
liquid and could be purchased with a minimum investment of $25,000.
Defendants were deceptive in that they failed to disclose to consumers
that auction rate securities are long-term financial instruments with
maturities of 30 years to perpetuity, and that such securities were
only liquid due to Defendants and other broker-dealers creating an
artificial market for auction rate securities by manipulating the
auction process. On or about February 13, 2008, Defendants and other
major broker-dealers withdrew their support of these securities,
causing holders of auction rate securities offered by the defendants
as being highly-liquid investments to be left with no means of
liquidating their holdings.
If you purchased or acquired auction rate securities from JP
Morgan Chase & Co., or J.P. Morgan Securities, Inc. during the Class
Period, and continue to hold such securities as of February 13, 2008,
you may, no later than July 15, 2008, request that the Court appoint
you as lead plaintiff.
A lead plaintiff is a representative that acts on behalf of other
class members throughout the litigation. To be appointed lead
plaintiff, the Court must determine that the class member's claim is
typical of the claims of all class members, and that said class member
will adequately represent the class. Under certain circumstances,
multiple class members may serve as "lead plaintiffs." Your ability to
share in any recovery is not affected by the decision whether or not
to serve as lead plaintiff.
If you have any questions concerning this Notice, or your rights
as a potential class member or lead plaintiff, please contact:
-0-
*T
Curtis V. Trinko, Esq.
Law Offices of Curtis V. Trinko, LLP
16 West 46th Street, 7th Floor
New York, New York 10036
Tel: (212) 490-9550
Fax: (212) 986-0158
ctrinko@trinko.com
*T
Law Offices of Curtis V. Trinko, LLP
Curtis V. Trinko, Esq., 212-490-9550
Fax: 212-986-0158
ctrinko@trinko.com
Copyright Business Wire 2008
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters