New Developments Since Accounting Fraud Alleged in Expanded Class Action Lawsuit Against Viisage Technology, Inc. Brought by Klafter & Olsen LLP
New Developments Since Accounting Fraud Alleged in Expanded Class Action Lawsuit Against Viisage Technology, Inc. Brought by Klafter & Olsen LLP: "WASHINGTON, April 1 /PRNewswire/ -- Klafter & Olsen LLP has filed a securities fraud class action complaint against Viisage Technology, Inc. ('Viisage') (Nasdaq: VISG - News). Filed in the U.S. District Court for the District of Massachusetts, the complaint asserts claims on behalf of investors who purchased the publicly traded securities of Viisage during the period from July 22, 2004 through and including March 2, 2005 (the 'Class Period'). This lawsuit is different than other lawsuits recently filed by plaintiffs which allege a shorter class period beginning on October 25, 2004. On March 31, 2005, after, Klafter & Olsen LLP filed this lawsuit, Viisage announced that it would delay the filing of its Annual Report for the year ended December 31, 2004 'to provide additional time for the Company, its independent auditors and outside counsel to complete a review of pending litigation involving the Company and to assess their effect, if any, on the Company's financial statements for the year ended December 31, 2004.'"
posted by Monkeyman @ 5:01 PM
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