Brower Piven Announces That There Are Only 11 Days Left for Tube Media Corp. Investors With Substantial Losses to Inquire About
November 08 2007 - 11:07AM
Marketwired
BALTIMORE, MD . The class action lawsuit has been commenced in
the United States District Court for the Southern District of
Florida on behalf of purchasers of the common stock of Tube Media
(PINKSHEETS: TUBM). Shareholders who may be included in the class
or classes sought to be certified in this litigation are those who
purchased the common stock of Tube Media between August 19, 2005
and May 10, 2007, inclusive (the "Class Period").
The complaint alleges that the Company, and certain of its
officers and directors, violated federal securities laws by issuing
various materially false and misleading statements that had the
effect of artificially inflating the market price of the Company's
securities and causing Class members to overpay for the
securities.
No class has yet been certified in the above action. If you are
a member of the proposed Class, you may, no later than November 19,
2007, ask the Court to allow you to serve as lead plaintiff for the
proposed Class. To serve as a lead plaintiff, you must satisfy
certain legal requirements. In making your decision, you should
take into account that those with large (in this case, likely
hundreds of thousands of dollars) financial losses resulting from
the alleged federal securities law violations are given preference
in being appointed lead plaintiff.
If you have suffered a net loss for all transactions in Tube
Media Corp. securities during the Class Period (including stock or
calls purchased during, but retained after, the Class Period or put
options sold but not covered until after the Class Period), you may
obtain additional information about this lawsuit and your ability
to become a lead plaintiff by contacting Brower Piven (without
obligation or cost to you) at www.browerpiven.com, by email at
hoffman@browerpiven.com, by calling 410-986-0036, or at Brower
Piven, The World Trade Center-Baltimore, 401 East Pratt Street,
Suite 2525, Baltimore, Maryland 21202. The partners at the firm
responsible for this case have combined experience in securities
and class action litigation of over 40 years. If you choose to
retain counsel, you may retain Brower Piven, or you may retain
other counsel of your choice.
CONTACT: Brower Piven, A Professional Corporation, Baltimore,
Maryland Charles J. Piven 410/986-0036 Email Contact