ENGLEWOOD CLIFFS, N.J., Nov. 16, 2007 (PRIME NEWSWIRE) -- Gardy & Notis, LLP has filed a securities fraud class action lawsuit in the United States District Court for the District of Arizona on behalf of purchasers of Syntax-Brillian Corp. (Nasdaq:BRLC) securities between May 1, 2007 and September 13, 2007.
The case is styled as Tsirekidze v. Syntax-Brillian Corp., under Case No. 2:07-cv-02204-JWS. A copy of the complaint stating the claims in the lawsuit is available from plaintiff's counsel, Gardy & Notis, LLP, at 201-567-7377 or dmansoor@gardylaw.com.
The complaint charges that Syntax-Brillian, CEO Vincent F. Solitto, Jr., and (now former) CFO Wayne Pratt misled shareholders through false statements about the company's business prospects, operations, demand for the company's products, and adequacy of internal controls.
Purchasers of Syntax-Brillian securities between May 1, 2007 and September 13, 2007 who wish to serve as lead plaintiff must file a motion with the Court by January 15, 2008. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Plaintiff in the lawsuit is represented by Gardy & Notis, LLP. For more information regarding the lawsuit, to obtain a copy of the complaint, have any information relevant to the lawsuit, or wish to serve as lead plaintiff, please contact attorney Dustin Mansoor at Gardy & Notis, LLP at 201-567-7377 or dmansoor@gardylaw.com.
More information on this and other class actions can be found on the Class Action Newsline at www.primenewswire.com/ca