Federman & Sherwood Announces that a Securities Class Action Lawsuit was Filed Against Lipman Electronic Engineering, Ltd.

OKLAHOMA CITY, Oct. 19  /PRNewswire/ -- On October 11, 2005, the class action lawsuit was filed in the United States District Court for the Eastern District of New York against Lipman Electronic Engineering, Ltd. (NASDAQ:LPMA). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b- 5, including allegations of issuing a series of material misrepresentations to the market which had the effect of artificially inflating the market price. The class period is from October 04, 2004 through September 27, 2005.

Plaintiff seeks to recover damages on behalf of the Class. If you are a member of the Class as described above, you may move the Court no later than Monday, December 12, 2005, to serve as a lead plaintiff for the Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

If you wish to discuss this action, participate in this suit, or have any questions or concerns regarding this notice, or preservation of your rights, please contact: 

  William B. Federman
  FEDERMAN & SHERWOOD
  120 N. Robinson, Suite 2720
  Oklahoma City, OK 73102
  [phone]/FAX: [phone]
  Email to:  - http://www.federmanlaw.com/

DATASOURCE: Federman & Sherwood



CONTACT: William B. Federman of Federman & Sherwood, [phone], or

fax, [phone], or  - http://www.federmanlaw.com/



Web Site:  http://www.federmanlaw.com/

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