Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against NextWave Wireless Inc. (NASDAQ: WAVE)
OKLAHOMA CITY, OK--(Marketwire - September 17, 2008) - On September 16, 2008, a class action
lawsuit was filed in the United States District Court for the Southern
District of California against NextWave Wireless Inc. (NASDAQ: WAVE). The
complaint alleges violations of federal securities laws, Sections 10(b) and
20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including
allegations of issuing a series of material misrepresentations to the
market which had the effect of artificially inflating the market price.
The class period is from March 30, 2007 through August 7, 2008.
Plaintiff seeks to recover damages on behalf of the Class. If you are a
member of the Class as described above, you may move the Court no later
than Monday, November 17, 2008, to serve as a lead plaintiff for the Class.
However, in order to do so, you must meet certain legal requirements
pursuant to the Private Securities Litigation Reform Act of 1995.
If you wish to discuss this action, participate in this or any other
lawsuit, or have any questions or concerns regarding this notice, or
preservation of your rights, please contact: