FORT LAUDERDALE Fla., June 19, 2003 (PRIMEZONE) -- A class action lawsuit against 57 Defendants, including certain former officers and directors of UBuy Holdings Inc. (Other OTC:UBYH) alleging various violations of both Federal and State securities laws, rules and regulations was filed on June 16, 2003 in the United States District Court, Southern District of Florida, Ft. Lauderdale Division.
The lawsuit centers around a "pump and dump" scheme in E-PAWN.COM'S common stock from January through June of 2000. The scheme resulted in Federal Criminal Indictments in the United States District Court for the Southern District of New York which was filed on June 14, 2000 against four individuals. The action seeks damages on behalf of investors.
Named in the lawsuit are: Merrill Lynch, Knight Trading Group, Inc., Vfiance, Inc., Fleet Securities Inc., DMN Capital Investment, Inc. Southwest Securities, Richard Gladstone, Leslie S. Greyling, F.Lee Bailey, Donald L. Williamson, Sports Resorts International, Inc., Dr. Thomas Bolera, WCM Capital Inc., various lawyers, law firms, accountants and others.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to this matter, or if you have any information you wish to provide us, please contact:
William Yarno (954 575-7296) or by writing William Yarno, C/O Charles P. Johnson Jr., 917 South Andrews Avenue Suite 2, Fort Lauderdale, Fl. 33316-1035
For further information please contact:Charles P. Johnson Jr. or William Yarno Esq. E-Mail cpjohnson@aol.com