NEW YORK, Nov. 23, 2006 (PRIMEZONE) -- The Rosen Law Firm reminds investors that they have until January 9, 2007 to seek appointment by the Court as Lead Plaintiff in the securities fraud class action lawsuit filed on behalf of purchasers of Tier Technologies, Inc. ("Tier" or the "Company") (Pink Sheets:TIER) (formerly Nasdaq:TIER and TIERE) common stock during the period from November 29, 2001 through and including October 25, 2006 (the "Class Period"). While other law firms may have announced a class action against the Company, it does not appear that these other firms have actually filed a lawsuit on behalf of Tier investors.
To join the Tier class action, go to the website at http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action.
The complaint charges that Tier and certain of its present and former officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by issuing materially false and misleading financial statements filed with the SEC during the Class Period by overstating Company earnings and underreporting Company losses.
A class action lawsuit has already been filed on behalf of Tier shareholders. If you wish to serve as lead plaintiff, you must move the Court no later January 9, 2007. 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. or Phillip Kim of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com.
The Rosen Law Firm 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.