Company: | Adam's Golf, Inc. |
Ticker Symbol: | OTC BB: ADGO |
Class Period: | July 10, 1998 to October 22, 1998 |
Date Filed: | Nov-14-05 |
Lead Plaintiff Deadline: | Jan-02-06 |
Court: | District, DE |
Allegations: |
The United States District Court for the District of Delaware has certified a Class in a class-action lawsuit against Adam's Golf, Inc. and some of its officers, directors and underwriters concerning alleged misstatements and omissions in Adams Golf's Registration Statement for its initial public offering ("IPO") in July 1998.
The lawsuit claims that the Registration Statement of the IPO failed to disclose the risk that "gray marketing" could pose to Adams Golf's sales. "Gray Marketing" is the unauthorized distribution of a company's products to discount retailers. Adams Golf and the other defendants deny that they failed to disclose any material risks, made any material misrepresentations in or omitted any material facts from the Registration Statement. The Court has made no decision about which side is right.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, 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.
At LawyersandSettlements.com, it is our goal to keep you informed about important legal cases and settlements. We are dedicated to helping you resolve your legal complaints.
The lawsuit claims that the Registration Statement of the IPO failed to disclose the risk that "gray marketing" could pose to Adams Golf's sales. "Gray Marketing" is the unauthorized distribution of a company's products to discount retailers. Adams Golf and the other defendants deny that they failed to disclose any material risks, made any material misrepresentations in or omitted any material facts from the Registration Statement. The Court has made no decision about which side is right.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, 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.
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