Amundi BEL 20 UCITS ETF ... (EU:BEL)
Historical Stock Chart
From May 2019 to May 2024
Bennett Environmental Inc. Misled Investors, Berger & Montague
Alleges
PHILADELPHIA, Aug. 12 /PRNewswire/ -- On August 10, 2004, the law firm of
Berger & Montague, P.C. (http://www.bergermontague.com/) filed a class action
suit against Bennett Environmental Inc. ("Bennett" or the "Company") (AMEX:BEL)
(TSE:BEL) and certain of its officers, in the United States District Court for
the Southern District of New York on behalf of all persons or entities who
purchased Bennett common stock from June 2, 2003 through July 21, 2004 (the
"Class Period").
The Complaint alleges that defendants violated Sections 10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the
SEC by issuing materially false and misleading statements throughout the Class
Period that had the effect of artificially inflating the market price of the
Company's common stock. Some of Bennett's officers sold their personal
holdings of Bennett stock at the inflated prices.
Bennett is in the hazardous waste remediation business. The Complaint alleges
that beginning in June 2003, Bennett misled investors about a purported $200
million (CDN) contract it had been awarded by the United States government. In
July 2004, the Company revealed that the contract would be worth significantly
less than $200 million, and had been in dispute shortly after it had been
awarded. This revelation caused Bennett stock to lose 40% of its value in one
week.
If you purchased Bennett common stock during the period from June 2, 2003
through July 21, 2004, inclusive, you may, no later than September 27, 2004,
move to be appointed as a Lead Plaintiff. A Lead Plaintiff is a representative
party that acts on behalf of other class members in directing the litigation.
If you have sustained substantial losses in Bennett common stock during the
Class Period, please contact Berger & Montague, P.C. for a more thorough
explanation of the Lead Plaintiff selection process.
The law firm of Berger & Montague, P.C. has over 50 attorneys, all of whom
represent plaintiffs in complex litigation. The Berger firm has extensive
experience representing plaintiffs in class action securities litigation and
has played lead roles in major cases over the past 25 years which have resulted
in recoveries of several billion dollars to investors. The firm has served as
lead counsel in many securities fraud actions, including actions on behalf of
shareholders of waste disposal companies Waste Management, Inc., and
Safety-Kleen. The firm has also represented investors as lead counsel in
actions against companies including Rite Aid, Sotheby's, Sunbeam, Boston
Chicken and IKON Office Solutions, Inc. The standing of Berger & Montague,
P.C. in successfully conducting major securities and antitrust litigation has
been recognized by numerous courts. For example:
"Class counsel did a remarkable job in representing the class
interests." In Re: IKON Office Solutions Securities Litigation.
Civil Action No. 98-4286 (E.D. Pa.) (partial settlement for
$111 million approved May, 2000).
"...[Y]ou have acted the way lawyers at their best ought to act.
And I have had a lot of cases...in 15 years now as a judge and I
cannot recall a significant case where I felt people were better
represented than they are here ... I would say this has been the
best representation that I have seen." In Re: Waste Management,
Inc. Securities Litigation, Civil Action No. 97-C 7709 (N.D. Ill.)
(settled in 1999 for $220 million).
If you purchased Bennett common stock during the Class Period, please visit our
website at http://www.bergermontague.com/ to view the complaint and join the
class action or if you have any questions concerning this notice or your rights
with respect to this matter, please contact:
Sherrie R. Savett, Esquire
Arthur Stock, Esquire
Diane Werwinski, Investor Relations Manager
Berger & Montague, P.C.
1622 Locust Street
Philadelphia, PA 19103
Phone: 888-891-2289 or 215-875-3000
Fax: 215-875-5715
Website: http://www.bergermontague.com/
e-mail:
DATASOURCE: Berger & Montague, P.C.
CONTACT: Sherrie R. Savett, Esquire, or Arthur Stock, Esquire, or Diane
Werwinski, Investor Relations Manager, Berger & Montague, +1-888-891-2289 or
+1-215-875-3000, or Fax: +1-215-875-5715, or
Web site: http://www.bergermontague.com/