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WFII Wireless Facilities (MM)

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Share Name Share Symbol Market Type
Wireless Facilities (MM) NASDAQ:WFII NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

The Law Firm of Goldman Scarlato & Karon, P.C. Announces Class Action Lawsuit against Wireless Facilities, Inc.

22/03/2007 2:32am

Business Wire


Wireless Facilities (NASDAQ:WFII)
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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 Southern District of California, on behalf of persons who purchased or otherwise acquired publicly traded securities of Wireless Facilities, Inc. (“Wireless Facilities” or the “Company”) (NASDAQ: WFII) between March 29, 2001 and March 12, 2007, inclusive, (the “Class Period”). The lawsuit was filed against Wireless Facilities 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 May 18, 2007 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. However, if you choose to remain an absent class member, unless and until a class is certified, you are not represented by counsel. The complaint alleges that Defendants made false and misleading statements and ommissions regarding the Company’s business, accounting practices and financial results. Among other things, Defendants concealed Wireless Facilities’ longstanding and improper practice of backdating its stock option awards to executive management. Defendants’ improper grant of backdated stock options violated the Company’s stock option plans, as well as Generally Accepted Accounting Principles (“GAAP”). As a result, Defendants informed shareholders on March 12, 2007, that their financial statements for the fiscal years 2000 through 2006 were materially false and misleading. If you bought Wireless Facilities securities between March 29, 2001 and March 12, 2007, inclusive, and would like to obtain information about the lawsuit, then you are invited to call (888) 668-4130 to speak with an advisor.

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