Please visit our homepage to view current cases.
Please visit our securities page to view current securities cases.
| Company: | The Topaz Group, Inc. |
| Ticker Symbol: | AMX: TPZ |
| Class Period: | March 21, 2002 to August 20, 2003 |
| Court: | District, WA |
| Date Filed: | Dec-19-03 |
| Lead Plaintiff Deadline: | Feb-16-04 |
| Allegations: |
A securities class action has been commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of The Topaz Group, Inc.
(AMEX:TPZ) between March 21, 2002 and August 20, 2003, inclusive (the "Class Period").
The case is pending in the United States District Court for the District of Washington against defendant The Topaz Group, Inc. and certain of its officers and directors.
Defendant Topaz is a vertically integrated manufacturer and seller of fine jewelry and gemstones. Topaz is traded on the American Stock Exchange under the ticker symbol TPZ (AMEX:TPZ).
Defendants include Topaz, Aphichart Fufuangvanich, George Pfeifer, Peter Brongers and Timothy Matula (the "Defendants"). The Complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5).
The Complaint alleges that Defendants issued a series of false and misleading financial statements which did not comply with generally accepted accounting principles. Specifically, Defendants incorrectly reported Topaz' financial position by, inter alia: overstating inventory, understating allowances for doubtful accounts and improperly recognizing revenue. As a result of defendants' conduct, plaintiff and Class members purchased Topaz shares at artificially inflated prices and were damaged thereby.
If you acquired the securities of the defendants during the Class Period you may, no later than Feb-16-04, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
The case is pending in the United States District Court for the District of Washington against defendant The Topaz Group, Inc. and certain of its officers and directors.
Defendant Topaz is a vertically integrated manufacturer and seller of fine jewelry and gemstones. Topaz is traded on the American Stock Exchange under the ticker symbol TPZ (AMEX:TPZ).
Defendants include Topaz, Aphichart Fufuangvanich, George Pfeifer, Peter Brongers and Timothy Matula (the "Defendants"). The Complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5).
The Complaint alleges that Defendants issued a series of false and misleading financial statements which did not comply with generally accepted accounting principles. Specifically, Defendants incorrectly reported Topaz' financial position by, inter alia: overstating inventory, understating allowances for doubtful accounts and improperly recognizing revenue. As a result of defendants' conduct, plaintiff and Class members purchased Topaz shares at artificially inflated prices and were damaged thereby.
If you acquired the securities of the defendants during the Class Period you may, no later than Feb-16-04, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
If you feel you qualify for damages or remedies that might be awarded in this class action please fill in our form on the right to submit your complaint.
If your injustice does not match the complaint described above, please use this form to register your complaint. Thank you.
