Sarraf Gentile LLP Files Securities Class Action Against Crystallex International Corporation
2008年12月9日 - 10:00AM
Marketwired
On December 8, 2008, the law firm of Sarraf Gentile LLP commenced a
securities fraud class action lawsuit on behalf of those investors
who acquired the securities of Crystallex International Corporation
("Crystallex" or the "Company") (AMEX: KRY) during the period July
28, 2005 to April 30, 2008, inclusive (the "Class Period"). The
lawsuit is pending in the United States District Court for the
Southern District of New York and names as defendants Crystallex
and certain of its former officers.
According to the complaint, the defendants made several
statements during the Class Period about the Company's Las
Cristinas Gold Project located in Sifontes, Venezuela, and that the
issuance of the required Venezuelan government permit in connection
with that project was imminent. The complaint alleges, however,
that during the Class Period defendants did not have a reasonable
expectation that the Company would receive the required permit and
that on April 30, 2008, the permit was, in fact, denied. On news
that the permit was denied, the complaint alleges, the Company's
stock fell roughly from a closing price of $1.68 on April 29, 2008,
to a closing price of $0.91on April 30, 2008, on heavy volume.
Plaintiffs are represented by the law firm of Sarraf Gentile
LLP, which have extensive experience in the prosecution of class
actions on behalf of investors.
If you bought the securities of Crystallex between July 28, 2005
and April 30, 2008, you may, no later than 60 days from today, move
the Court to appoint you as lead plaintiff, a representative party
that acts on behalf of other class members. The Court must
determine whether the class member's claim is typical of other
class members' claims, and whether the class member will adequately
represent the class. Your ability to share in any recovery is not,
however, affected by the decision whether or not to serve as a lead
plaintiff. You may retain Sarraf Gentile LLP or other counsel of
your choice, to serve as your counsel in this action.
If you would like to participate in this action or would like
additional information about the lawsuit, please contact Joseph
Gentile at Sarraf Gentile LLP, 11 Hanover Square, New York, NY
10005 (telephone: 212-868-3610; e-mail:
joseph@sarrafgentile.com).
Contact: Joseph Gentile Email Contact SARRAF GENTILE LLP 11
Hanover Square New York, NY 10005 T 212.868.3610 F 212.918.7967
www.sarrafgentile.com
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