| Company: | GlobeTel Communications Corp. |
| Ticker Symbol: | AMEX: GTE |
| Class Period: | December 30, 2005 to April 11, 2006 |
| Date Filed: | Apr-28-06 |
| Lead Plaintiff Deadline: | Jun-26-06 |
| Court: | Southern District, FL |
| Allegations: |
A securities fraud class action lawsuit has been filed on behalf of those investors who acquired the securities of GlobeTel Communications Corp. (AMEX: GTE) during the period December 30, 2005 to April 11, 2006. The lawsuit is pending in the United States District Court for the Southern District of Florida and names as defendants GlobeTel and certain of its top ranking executives.
According to the complaint, the Defendants issued several statements during the Class Period which touted the consummation of a $600 million deal with a Moscow-based company named LLC Internafta to install wireless networks in Russia's 30 largest cities. The complaint alleges, however, that the Russian deal, like so many of GTE's other business ventures, was in reality a sham.
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.
According to the complaint, the Defendants issued several statements during the Class Period which touted the consummation of a $600 million deal with a Moscow-based company named LLC Internafta to install wireless networks in Russia's 30 largest cities. The complaint alleges, however, that the Russian deal, like so many of GTE's other business ventures, was in reality a sham.
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.
