LifeGoal Home Down Payme... (AMEX:HOM)
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From Jun 2019 to Jun 2024
Goldman Scarlato & Karon, P.C., a law firm with offices
in Pennsylvania and Ohio, announces that a lawsuit has been filed in
the United States District Court for the Northern District of Texas,
on behalf of persons who purchased or otherwise acquired publicly
traded securities of Home Solutions of America, Inc. ("Home Solutions"
or the "Company") (AMEX:HOM) between April 11, 2006 and June 6, 2006,
inclusive, (the "Class Period"). The lawsuit was filed against Home
Solutions and certain officers and directors ("Defendants").
If you are a member of this class and wish to view a copy of a
complaint and join this class action, please e-mail us at
info@gsk-law.com and request a copy of the complaint and a plaintiff
certification. If you are a member of the Class, you may move the
Court no later than August 21, 2006 to serve as a lead plaintiff for
the Class. Any member of the purported class may move the Court to
serve as lead plaintiff through counsel of their choice, or may choose
to do nothing and remain an absent class member.
The complaint alleges that Defendants made a series of false and
misleading statements and or omissions regarding the Company's
revenue opportunities. In particular, starting on April 11, 2006, Home
Solutions began announcing a series of new contract awards related to
infrastructure support for Hurricane Katrina rebuilding efforts. One
such deal involved American Renaissance Homes ("ARH"), a builder that
purportedly contracted with Home Services to provide services in
conjunction with the rebuilding efforts. However, on June 6, 2006, the
Company announced that it was in fact lending up to $800,000 to ARH
for "working capital" purposes. The complaint further alleges that
Defendants prior representations regarding a dramatic ramp up in
revenues based on these contract opportunities was false and
misleading, concealing the Company's inability to expand either
revenues or margins. In reaction to this news, shares of Home
Solutions' stock fell, losing 29.1%, or $2.80 per share, to close on
June 6, 2006 at $6.80 per share.
If you bought Home Solutions securities between April 11, 2006 and
June 6, 2006, inclusive, and would like to obtain information about
the lawsuit, then you are invited to call (888) 753-2796 to speak with
an advisor.