Article: Shareholder Files Suit Against YBM Magnex International, Inc., Its Officers And Directors and Auditors Alleging Misrepresentations. | <!--[if lte IE 6]><![if gte IE 7]><![endif]--> |
PHILADELPHIA, Dec. 11 /PRNewswire/ -- Counsel for Class Plaintiff, Barrack, Rodos & Bacine, today issued the following: A class action has been commenced in the United States District Court for the Eastern District of Pennsylvania on behalf of all persons who purchased the common stock of YBM Magnex International, Inc. (Toronto Stock Exchange: YBM.TO) ("YBM" or "the Company") between March 7, 1996 and May 14, 1998, inclusive (the "Class Period").
The complaint charges YBM, auditors, Deloitte & Touche LLP, and Parente, Randolph, Orlando & Carey Associates and certain officers and/or directors of YBM with violations of Sections 10(b) and 20(a) of the Securities …