NEW YORK, July 6, 2006 (PRIMEZONE) -- The Rosen Law Firm reminds investors that they have only until July 10, 2006 to seek appointment by the Court as Lead Plaintiff in the class action lawsuit filed on behalf of purchasers of Escala Group, Inc. (the "Company" or "Escala") (Nasdaq:ESCL) stock during the period between September 5, 2003 through May 8, 2006.
You can join the class action online at http://www.rosenlegal.com or call toll-free at 866-767-3653 or via email Phillip Kim, Esq. pkim@rosenlegal.com or Laurence Rosen, Esq. lrosen@rosenlegal.com. The complaint filed by the Rosen Law Firm specifically alleges that the Company misrepresented the true value of transactions with its affiliate and controlling shareholder Afinsa Bienes Tangibles, S.A. The Complaint alleges that these transactions were in furtherance of a Ponzi scheme orchestrated by Afinsa in Spain and constituted the primary source of the Company's purported operating profits.
If you wish to serve as lead plaintiff, you must move the Court no later than July 10, 2006. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com. 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. You may also remain an absent class member.
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.