Class Action Lawsuit News

Milberg Weiss Announces The Filing Of A Class Action Suit Against Xybernaut Corporation, Certain Of Its Officers and Directors, and Grant Thornton LLP

Milberg Weiss Announces The Filing Of A Class Action Suit Against Xybernaut Corporation, Certain Of Its Officers and Directors, and Grant Thornton LLP on Behalf of Investors: "NEW YORK--(BUSINESS WIRE)--May 5, 2005--The law firm of Milberg Weiss Bershad & Schulman LLP announces that a class action lawsuit was filed on May 4, 2005 on behalf of all persons who purchased or otherwise acquired the securities of Xybernaut Corporation ('Xybernaut') (NasdaqSC: XYBRE), between May 10, 2002 and April 8, 2005, inclusive (the 'Class Period'), seeking to pursue remedies under the Securities Exchange Act of 1934 (the 'Exchange Act'). A copy of the complaint filed in this action is available from the Court, or can be viewed on Milberg Weiss's website at: http://www.milbergweiss.com


If you purchased or otherwise acquired the securities of Xybernaut between May 10, 2002 and April 8, 2005, inclusive, and sustained damages, you may, no later than June 14, 2005, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as 'lead plaintiff.' Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Milberg Weiss Bershad & Schulman LLP, or other counsel of your choice, to serve as your counsel in this action." (Full article at link)

posted by Monkeyman @ 12:31 AM