NEW YORK, May 6, 2004 (PRIMEZONE) -- The law firm of Murray, Frank & Sailer LLP announced that the Class Period for the Class Action filed in the Middle District of Florida, on behalf of all persons or entities who purchased or otherwise acquired Asconi Corp. ("Asconi" or the "Company") securities (AMEX:ACD), has been extended. The new Class Period is June 11, 2001 through March 23, 2004, both dates inclusive (the "Class Period"). The Complaint names Constantin Jitaru, Anatolie Sirbu, and the Company as defendants.
To discuss this action, this announcement, or your rights or interests, please contact plaintiff's counsel, Eric J. Belfi or Gregory Linkh at Murray, Frank & Sailer LLP, 275 Madison Avenue, Suite 801, New York, NY 10016, by telephone at (800) 497-8076 or (212) 682-1818, by facsimile at (212) 682 1892, or by e-mail at info@murrayfrank.com.
The complaint alleges that the defendants made material misrepresentations and omissions of material facts concerning the company's business performance during the relevant time. According to the complaint, throughout the relevant time period, defendants misrepresented the financial condition of Asconi and failed to disclose certain related party transactions, thereby overstating the financial condition of Asconi. The company has delayed the filing of its annual Report on Form 10-K with the SEC, its stock price has collapsed and the stock has ceased trading.
Plaintiff is represented by the law firm of Murray, Frank & Sailer LLP. Murray, Frank & Sailer LLP and its predecessor firms have devoted its practice to shareholder class actions and complex commercial litigation for more than thirty years and have recovered hundreds of millions of dollars for shareholders in class actions throughout the United States.
If you purchased or otherwise acquired Asconi securities during the Class Period described above, you may, no later than June 15, 2004, move the Court to serve as lead plaintiff. To serve as lead plaintiff, however, you must meet certain legal requirements. You can join this action as a lead plaintiff online at www.murrayfrank.com. Contact plaintiff's counsel Eric J. Belfi or Gregory Linkh at Murray, Frank & Sailer LLP to further discuss this action, this announcement, or your rights or interests.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca