SAN FRANCISCO, Jan. 23, 2002 (PRIMEZONE) -- On January 10, 2002, a class action law suit was filed in the United States District Court for the Northern District of California on behalf of all persons or entities who purchased the common stock of Captec Net Lease Realty, Inc. ("Captec") (Nasdaq:CRRR) between August 9, 2000 and July 2, 2001. The suit alleges claims against Captec, Commercial Net Lease Realty, Inc. (NYSE:NNN), and certain of their officers and/or directors for violations of Sections 10 and 20(a) of the Securities and Exchange Act of 1934. The suit alleges that defendants made materially false and misleading statements to the market concerning the value of a note payable to Captec and the value of Captec's interests in a joint venture and certain limited partnerships.
If you purchased the common stock of Captec between August 9, 2000 and July 2, 2001, you may, no later than 60 days after the date of this news release, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain The Grout Law Firm, or other counsel of your choice, to serve as your counsel in this action.
If you wish to discuss the action with us, or have any questions concerning this notice or your rights and interests with regard to this case, please contact the following attorneys:
Daniel Grout, Esq., The Grout Law Firm, 409 13th Street, 17th Floor, Oakland, California 94612 (510) 832-0300 email: dangrout@msn.com or William C. Rand, Esq., Law Office of William Coudert Rand, 19 West 44th Street, New York, New York 10036 (212) 609-5058 email: wcrand@wcrand.com
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca