NEW YORK, Dec. 30, 2005 (PRIMEZONE) -- The Rosen Law Firm http://rosenlegal.com reminds investors that they have until January 9, 2006 to seek appointment by the Court as Lead Plaintiff in the class action lawsuit filed by the Rosen Law Firm on behalf of purchasers of Pegasus Communications Corp. ("Pegasus") (PCX:XAN) (Pink Sheets:PGTV) common stock during the period from November 10, 2000 through June 2, 2004 (the "Class Period").
To join the Pegasus class action, go to the website at http://www.rosenlegal.com or call Laurence Rosen, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com for information on the class action.
The Complaint alleges that Pegasus and certain of its management violated Section 10b and Rule 10b-5 of the federal securities laws by failing to disclose its "exclusive" distribution rights for DirecTV services could be terminated without cause prior to 2008. On June 2, 2004 Pegasus disclosed that its exclusive rights to distribute DirecTV services had been terminated. That same day certain Pegasus' operating subsidiaries filed for bankruptcy protection, damaging investors.
A class action lawsuit has already been filed on behalf of Pegasus shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than January 9, 2006. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com .You can also join this class action online at http://www.rosenlegal.com
The Rosen Law Firm http://www.rosenlegal.com has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.