COLCHESTER, Conn., Jan. 10, 2008 (PRIME NEWSWIRE) -- On November 13, 2007, Scott+Scott, LLP, filed the first securities class action against FX Energy, Inc. ("FX Energy" or the "Company") (Nasdaq:FXEN) and certain officers and directors in the U.S. District Court for the District of Utah. The action is on behalf of FX Energy common stock purchasers during the period March 30, 2004, through January 5, 2006, inclusive (the "Class Period"), for violations of the Securities Exchange Act of 1934. The complaint alleges that defendants made false and misleading statements and material omissions regarding the Company's business and operations and that, as a result, the price of the Company's securities was inflated during the Class Period, thereby harming investors. Subsequent to this, a second lawsuit was filed against FXEN on December 13, 2007, alleging substantially similar claims.
If you purchased FX Energy stock during the Class Period and wish to serve as a lead plaintiff in the action, you must move the Court within the next eight days -- no later than January 18, 2008. Any member of the investor class may move the Court to serve as lead plaintiff through counsel of its choice, or may choose to do nothing and remain an absent class member. If you wish to discuss this action or have questions concerning this notice or your rights, please contact Scott+Scott (scottlaw@scott-scott.com, 800/404-7770, 860/537-5537) or visit the Scott+Scott website, http://www.scott-scott.com, for more information. There is no cost or fee to you.
The plaintiff is represented by Scott+Scott, a law firm with significant experience in prosecuting investor class actions. Please visit our website at http://www.scott-scott.com for current information on the litigation of major securities, antitrust, employment and employee retirement plan actions throughout the United States. The firm represents pension funds, charities, foundations, individuals and other entities worldwide.
More information on this and other class actions can be found on the Class Action Newsline at http://www.primenewswire.com/ca