Sunday, May 22, 2005

Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against MBNA Corp. : ArriveNet Press Releases : Business

Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against MBNA Corp. : ArriveNet Press Releases : Business: "BALTIMORE, MD -- (Market Wire - May 06, 2005) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action was commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of MBNA Corp. (NYSE: KRB) between January 20, 2005, and April 21, 2005, inclusive (the 'Class Period').

The case is pending in the United States District Court for the District of Delaware against defendant MBNA and one or more of its officers and/or directors. The action charges that defendants violated federal securities laws by issuing a series of materially false and misleading statements to the market throughout the Class Period, which statements had the effect of artificially inflating the market price of the Company's securities." (Full article at link)

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