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Class Action Lawsuits
NexCen Class Action Lawsuit
The Great American Cookie Caper!
July 04, 2008 (15:32:54 EST)
Citing violations of the Securities Exchange Act of 1934. A class action lawsuit has been filed against NexCen Brands, Inc. (Nasdaq:NEXC) on behalf of investors who purchased the company's common stock between May 10, 2007 and May 19, 2008.###
The suit alleges the company engaged in securities fraud by failing to disclose and making material misrepresentations regarding financial information related to it's acquisition of the Great American Cookie Company.
On May 19, 2008 NexCen shares closed down +77 percent, plummeting from $1.95 to $0.58 after financial information was released.
The suit is being handled by the law firm Cohen, Milstein, Hausfeld & Toll, P.L.L.C.
For more information, contact either Steven J. Toll, Esq. [email@example.com] or S. Douglas Bunch, Esq. [firstname.lastname@example.org] of Cohen, Milstein, Hausfeld & Toll, P.L.L.C., 1100 New York Avenue, N.W., West Tower, Suite 500, Washington, D.C. 20005. Telephone: (888) 240-0775 or (202) 408-4600.
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