Clients of Beasley Hauser Kramer Leonard & Galardi, P.A. and Berger & Montague, P.C. File Class Action Lawsuit Against WCI Commu
01 Febrero 2008 - 10:09AM
Marketwired
PHILADELPHIA, PA and Berger & Montague, P.C. ("Berger &
Montague") announce that on January 23, 2008, a securities class
action lawsuit was filed against WCI Communities, Inc. ("WCI")
(NYSE: WCI) and The Resort at Singer Island Properties, Inc.
(collectively, the "Defendants"). The lawsuit was filed on behalf
of all persons who purchased one or more of the 239 hotel
condominium units (the "Hotel Units") in The Resort at Singer
Island (the "Singer Island Resort"). The Singer Island Resort is
located in Palm Beach, Florida.
The complaint alleges that the Defendants violated section
12(a)(1) of the Securities Act of 1933, 15 U.S.C. � 77(l)(a)(1), by
failing to register with the Securities and Exchange Commission
(the "SEC") the public offering of the Hotel Units. The complaint
also alleges that defendant WCI violated section 15 of the
Securities Act, 15 U.S.C. � 77o, by controlling the operations of
its wholly owned subsidiary, defendant Singer Island Resort, in
offering the Hotel Units for sale without registering them with the
SEC. The plaintiffs seek to rescind their acquisition of the Hotel
Units and/or rescissory or other damages in an amount to be proven
at trial.
If you acquired a Hotel Unit and sustained losses and wish to
serve as lead plaintiff, you must move the Court no later than 60
days from January 23, 2008 to appoint you as lead plaintiff. A lead
plaintiff is a representative party acting on behalf of other class
members in directing the litigation. If you wish to discuss this
action or your rights, please contact Beasley Hauser (561/835-0900)
or Berger & Montague (800/424-6690) for a more thorough
explanation of the lead plaintiff selection process and the
litigation. A copy of the complaint is available from the Court, or
can be obtained from plaintiffs' counsel.
Berger & Montague consists of over 60 attorneys, all of whom
represent plaintiffs in complex litigation. The Berger firm has
extensive experience representing institutions and other investor
plaintiffs in class action securities litigation and has played
lead roles in major cases over the past 30 years that have resulted
in recoveries of billions of dollars to investors. The firm has
represented investors as lead counsel in such leading securities
actions as Rite Aid, Sotheby's, CIGNA, Waste Management, Sunbeam,
Boston Chicken and IKON Office Solutions. The standing of Berger
& Montague in successfully conducting major securities
litigation has been recognized by numerous courts.
Beasley Hauser also has considerable experience in complex
commercial litigation, including securities class action and other
complex cases. The Beasley Hauser firm also has considerable
experience in litigation involving real estate and related
matters.
For further information, please feel free to contact: Lawrence
J. Lederer, Esq. Berger & Montague, P.C. 1622 Locust Street
Philadelphia, PA 19103 Telephone: 800/424-6690 or 215/875-3000
James W. Beasley, Jr., Esq. Beasley Hauser Kramer Leonard &
Galardi, P.A. 505 S. Flagler Drive, Suite 1500 West Palm Beach,
Florida 33401 Telephone: 561/835-0900
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