| Company: | Advanced Marketing Services Inc. |
| Ticker Symbol: | NYSE: MKT |
| Class Period: | January 16, 1999 to January 13, 2004 |
| Court: | Southern District, CA |
| Date Filed: | Jan-16-04 |
| Lead Plaintiff Deadline: | Mar-16-04 |
| Allegations: |
A securities a class action lawsuit has been filed in the United States District Court for the Southern District of California on behalf of purchasers of Advanced Marketing Services Inc. ("Advanced Marketing" or the "Company") (NYSE:MKT), common stock between January 16, 1999 and January 13, 2004, inclusive (the "Class Period").
The complaint alleges that certain Advanced Marketing senior officers ("Defendants") violated the Securities Exchange Act of 1934. The Company purports to be a wholesaler of general interest books.
During the Class Period, Defendants are alleged to have issued or caused to be issued a series of false and misleading statements to the marketplace resulting in Advanced Marketing's stock price trading at artificially inflated levels. The Company's stock traded as high as $25.00 before it announced that it would restate its previously filed financial statements for each of the fiscal years in the five-year period ending March 31, 2003. The false and misleading statements Defendants are alleged to have issued, or caused to be issued to the marketplace, concern the Company's net income, advertising revenue and related costs. Advanced Marketing has announced that the amount of net income that was erroneously stated and will have to be reversed might be more than 10 percent of all net income reported during the affected period.
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.
The complaint alleges that certain Advanced Marketing senior officers ("Defendants") violated the Securities Exchange Act of 1934. The Company purports to be a wholesaler of general interest books.
During the Class Period, Defendants are alleged to have issued or caused to be issued a series of false and misleading statements to the marketplace resulting in Advanced Marketing's stock price trading at artificially inflated levels. The Company's stock traded as high as $25.00 before it announced that it would restate its previously filed financial statements for each of the fiscal years in the five-year period ending March 31, 2003. The false and misleading statements Defendants are alleged to have issued, or caused to be issued to the marketplace, concern the Company's net income, advertising revenue and related costs. Advanced Marketing has announced that the amount of net income that was erroneously stated and will have to be reversed might be more than 10 percent of all net income reported during the affected period.
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.
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.
