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Re: Class Action Filed Against Omega Reserach


  • To: omega-list@xxxxxxxxxx
  • Subject: Re: Class Action Filed Against Omega Reserach
  • From: tagteam@xxxxxxx (James F. Mazzulla)
  • Date: Thu, 19 Feb 1998 14:09:11 -0800 (PST)
  • In-reply-to: <34EC98C7.D6437189@xxxxxxxxxxxxx>

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Uh-oh....looks like Mark is so mad he's suing himself!!!!

>Subject:
>             I HAVE PROOF OF FRAUD !!!!!
>
>   This is the lawyer to contact if you want to sue Omega>>> mailto:classlaw@xxxxxxxxxxxxx
>
>   YOU CAN SPREAD THE WORD i plan on joining the lawsuit against omega and
>offer my services as chief expert, in fact i plan to file a class action lawsuit against them
>for losses trading the markets due to the fact that the systems developed while off line
>using the built in trailing stops are un reproducible in real time. pure and simple fraud
>my claim is that while they have been repeatedly told in the past about the bug in the
>software they have continued to promote its results and allow solution provides to
>sell and market systems using the omega logo knowing full well that these systems are
>false. they have conspired to defraud the public, by these actions and i plan to campaign
>across the entire internet inviting anyone who has ever built a system off line only to find it
>falls apart in real time to join the suit , also i will invite those that have purchased systems
>by solution providers and even non solution providers to sue also. even though i was a
>solution provider myself at the time i sold no systems however i expect to name even
>myself in the lawsuit my personal and public financial affairs were made bullet proof
>two years ago so i am prepared and i believe with the industry knowledge and proof i
>have of these claims should see justice served...
>
>
>Class Action Filed Against Omega Reserach
>
>BALA CYNWYD, Pa.--(BUSINESS WIRE)--Jan. 28, 1998--Notice is hereby given that
>on Jan. 28, 1998, a class action lawsuit was filed in the United States
>District Court, Southern District of Florida on behalf of all persons who
>purchased or otherwise acquired the common stock of Omega Research Inc.
>(``Omega'' or the ``Company''), in the Company's initial public offering on
>Oct. 4, 1997 (the ``Offering'') or at any time between the Offering and Jan.
>6, 1998.
>
>The complaint charges Omega (NASDAQ: OMGA - news), certain officers and
>directors of the Company and certain underwriters during the relevant time
>period with violations of Sections 11 and 15 of the Securities Act of 1933.
>
>The complaint alleges that the Prospectus for the Offering included material
>misrepresentations and omissions concerning the Company's true financial
>condition at the time of the Offering in light of the Company's ongoing trend
>of declining sales of its TradeStation software and that the Prospectus did
>not properly disclose the true beneficiaries of a $15 million dividend paid
>from the proceeds of the Offering.
>
>Plaintiff seeks to recover damages on behalf of class members and is
>represented by the law firms of Schiffrin Craig & Barroway, LLP, Shalov, Stone
>& Bonner, and Burt & Pucillo, LLP, who have significant experience and
>expertise prosecuting class actions on behalf of investors and shareholders.
>
>If you are a member of the class described above, you may, not later than
>sixty days from the date of this notice, move the Court to serve as lead
>plaintiff of the class, if you so choose. In order to serve as lead plaintiff,
>however, you must meet certain legal requirements.
>
>If you wish to discuss this action or have questions concerning this notice or
>your rights or interests with respect to these matters, please contact
>Schiffrin Craig & Barroway, LLP (Andrew L. Barroway, Esq.), toll free at
>1-888-299-7706 or 610/667-7706 or via e-mail at classlaw@xxxxxxxxxxxxxx,
>Shalov, Stone & Bonner (Ralph M. Stone), at 212/268-2727, or Burt & Pucillo,
>LLP, (Wendy H. Zoberman, Esq.) toll free at 1-800-349-4612 or 561/835-9400.
>------------------------------------------------------------------------
>Contact:
>
>Schiffrin Craig & Barroway, LLP
>Andrew L. Barroway, Esq., 1-888-299-7706 (toll free) or
>610/667-7706
>Or by e-mail at classlaw@xxxxxxxxxxxxx
>
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