Investor Notice: The Nygaard Law Firm Files Complaint Against Host America
02 Septiembre 2005 - 5:10PM
PR Newswire (US)
KANSAS CITY, Mo., Sept. 2 /PRNewswire/ -- The Nygaard Law Firm
announces that it has filed a lawsuit seeking class action status
in federal court in Hartford, Connecticut on behalf of all persons
(The "Class") who purchased the securities of Host America (CAFE)
("Host America" or the "Company") during the period from July 12,
2005 through July 22, 2005, inclusive (the "Class Period"). The
Defendants are Host America, EnergyNSync, Geoffrey Ramsey, David
Murphy, Roger Lockhart and Peter Sarmanian. If you have questions
about this case or your rights as a class member or wish to submit
your transaction information to our firm, you may contact us
through our website, http://www.nygaaardlaw.com/ or by e-mailing us
at or or by calling 1-888-469-5544. The Complaint alleges that
during the Class Period, Host America violated federal securities
law when it issued a press release claiming to have a contract with
Wal-Mart. Trading volume jumped from 41,000 trades on July 11, 2005
to 13,813,100 on July 12, 2005. The Company's stock jumped from
$4.25 on July 12, 2005 to $16.88 on July 19, 2005! While the stock
soared, several insiders sold shares of Host America (CAFE) to the
flood of unknowing buyers. On July 22, 2005, the SEC halted trading
of Host America securities and announced an investigation. Trading
resumed on September 1, 2005 in the $4.00 range after Host America
admitted that it only had "oral" discussions with Wal-Mart and had
never even received a list of stores to survey. More information
about this alleged fraud and investors' losses can be found at The
Motley Fool.com website. If you purchased CAFE securities between
the period of July 12, 2005 through July 22, 2005, you may qualify
to serve as lead plaintiff on behalf of the Class. All motions for
appointment as lead plaintiff must be filed with the Court no later
than October 7, 2005. There are certain legal requirements to serve
as lead plaintiff. The Nygaard Law Firm represents investors. The
Nygaard Law Firm has served as counsel in class actions throughout
the Untied States, recovering millions of dollars on behalf of its
clients. More information about the firm or class actions in
general, can be obtained through The Nygaard Law Firm's website at
http://www.nyggardlaw.com/ . DATASOURCE: The Nygaard Law Firm
CONTACT: Diane A. Nygaard of The Nygaard Law Firm, +1-888-469-5544
Web site: http://www.nygaardlaw.com/
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