BALA CYNWYD, Pa., May 27, 2004 (PRIMEZONE) -- Law offices of Brodsky & Smith, LLC announces that a securities class action lawsuit has been filed on behalf of shareholders who purchased the common stock and other securities of Liquidmetal Technologies, Inc. ("Liquidmetal" or the "Company") (Nasdaq:LQMTE), between May 21, 2002 and March 30, 2004, including during the initial public offering (IPO) on May 21, 2002 (the "Class Period"). The class action lawsuit was filed in the United States District Court for the Central District of California.
The Complaint alleges that defendants violated federal securities laws by issuing a series of material misrepresentations to the market during the Class Period, thereby artificially inflating the price of Liquidmetal securities.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased this stock between May 21, 2002 and March 30, 2004 you have certain rights. You may file a motion with the Court no later than July 5, 2004 to become lead plaintiff. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you want to discuss your legal rights, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Marc L. Ackerman, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca