| Company: | InterBank Funding Corp. |
| Ticker Symbol: | |
| Class Period: | February 12, 1999 through July 25, 1999 |
| Court: | District of Columbia |
| Date Filed: | Mar-02-04 |
| Lead Plaintiff Deadline: | May-03-04 |
| Allegations: |
A securities fraud class action has been filed on behalf of purchasers of InterBank Funding Corp. ("IBF") securities from February 12, 1999 through July 25, 1999, inclusive, against Simon A. Hershon, Radin Glass & Co., and CIBC World Markets Corp. A copy of the complaint is available from the U.S. District Court for the District of Columbia.
Plaintiffs allege, inter alia, that the defendants made materially false and misleading statements in connection with the sale of IBF securities. Specifically, the offering materials and other disclosure documents related to IBF securities were misleading as to IBF's cash flow, return statistics, and loan losses; the source of interest payments made by IBF to its investors; and IBF's failure to register as an investment company. As a result of the defendants' misrepresentations, the investing public was led to believe that the IBF funds were performing much better than they actually were and the price of IBF securities was artificially inflated.
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.
Plaintiffs allege, inter alia, that the defendants made materially false and misleading statements in connection with the sale of IBF securities. Specifically, the offering materials and other disclosure documents related to IBF securities were misleading as to IBF's cash flow, return statistics, and loan losses; the source of interest payments made by IBF to its investors; and IBF's failure to register as an investment company. As a result of the defendants' misrepresentations, the investing public was led to believe that the IBF funds were performing much better than they actually were and the price of IBF securities was artificially inflated.
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.
