|
WOLF POPPER CHARGES GEMSTAR
Wolf Popper LLP Defeats Defendants' Motion
to Dismiss in the Tag-It Pacific Inc. Securities Class Action
Wolf Popper LLP is pleased to announce that the Honorable Manuel L. Real, a
United States District Court Judge for the Central District of California, has
sustained the Amended Complaint against Tag-It Pacific Inc. (AMEX: TAG).
Wolf Popper LLP is lead counsel for plaintiff and the class.
This is a securities fraud class action which alleges, among other things,
that Tag-It made false and misleading statements to investors, including
misstating Tag-It’s financial statements, primarily relating to the loss of
three of its largest customers, from which Tag-It derived almost half of its
annual revenues. The class action covers investors who purchased Tag-It
securities during the period March 28, 2003 through August 22, 2005.
Persons seeking additional information concerning the prosecution of this
lawsuit should contact:
Wolf Popper LLP • James Kelly-Kowlowitz, Esq. • 845 Third
Avenue • New York • NY 10022
Tel.: 212.451.9635 or 877.370.7703 (toll free) • Fax: 212.486.2093 or
877.370.7704 (toll free)
Email: jkelly@wolfpopper.com• website:
www.wolfpopper.com
|