The Rosen Law Firm was sole Lead Counsel in this class action pending in the U.S. District Court for the Central District of California. The complaint alleges violations of §§10b and 20(a) of the Securities Exchange Act and certain violations of the Securities Act arising out of the Company’s issuance of materially false and misleading statements about the Company’s true financial condition and business prospects. The parties settled this action for $2 million in cash.
