The Rosen Law Firm was sole Lead Counsel in this class action in the U.S. District Court for the Southern District of New York. The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising out of: (a) the Company’s issuance of materially false statements of revenues and earnings; and (b) the Company’s auditors’ issuance of materially false and misleading “clean” audit opinions. The parties settled this action for $4.2 million cash payment to class members.
