Company: | Brantley Capital Corporation |
Ticker Symbol: | Pink Sheets: BBDC |
Class Period: | August 14, 2003 to October 24, 2005 |
Date Filed: | Nov-22-06 |
Lead Plaintiff Deadline: | Jan-16-07 |
Court: | Southern District, NY |
Allegations: |
A class action has been commenced in the United States District Court for the Southern District of New York on behalf of all persons who purchased the common stock of Brantley Capital Corporation (Pink Sheets:BBDC) ("Brantley" or the "Company") between August 14, 2003 and October 24, 2005, inclusive (the "Class Period"). The complaint charges Brantley and certain of its officers with violations of federal securities laws by making misrepresentations about the Company's valuation and financial statements. Brantley grossly overvalued its investment in a material asset. When properly valued, that asset was worth less than 1% when the Company valued it. As a result, the Company's stock fell from a Class Period high of approximately $12 per share to a price of approximately $2, and the Company has now started its intent to liquidate.
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 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.