Access HealthNet .... Berman .... A good 162 page read
http://securities.stanford.edu/filings-docume...961250.pdf
SUMMARY OF ACTION
1. This is an individual and class action on behalf of all
persons who purchased the securities of Access HealthNet, Inc.
("Access HealthNet" or the "Company"
, between January 25, 1995 and
December 29, 1995 (the "Class Period" , seeking to pursue remedies
under Sections 10(b) and 20(a) of the Securities Exchange Act of
1934 ("Exchange Act" and Rule 10b-5 promulgated thereunder (the
"Class" . This action involves a course of conduct by Access
HealthNet insiders, officers and directors of the Company, the
Company's auditors and United States Securities and Exchange
Commission ("SEC" counsel that was designed to and did defraud
those who purchased Access HealthNet securities during the Class
Period.
2. This case involves defendants' use of manipulative
devices and their dissemination of false financial statements and
other false and misleading information about Access HealthNet's
business, all of which was, inter alia , designed to and did:
(a) artificially inflate the price of Access HealthNet securities
during the Class Period; (b) induce investors to purchase shares of
Access HealthNet stock; (c) allow certain defendants to sell or
offer to sell millions of dollars of their own Access HealthNet
shares at artificially inflated levels; and (d) allow defendants to
sell or offer to sell millions of dollars of Access HealthNet
securities to private investors in various private placement
transactions.
YADA, YADA, YADA!
http://securities.stanford.edu/filings-docume...961250.pdf
SUMMARY OF ACTION
1. This is an individual and class action on behalf of all
persons who purchased the securities of Access HealthNet, Inc.
("Access HealthNet" or the "Company"
, between January 25, 1995 and December 29, 1995 (the "Class Period"
, seeking to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of
1934 ("Exchange Act"
and Rule 10b-5 promulgated thereunder (the "Class"
. This action involves a course of conduct by Access HealthNet insiders, officers and directors of the Company, the
Company's auditors and United States Securities and Exchange
Commission ("SEC"
counsel that was designed to and did defraud those who purchased Access HealthNet securities during the Class
Period.
2. This case involves defendants' use of manipulative
devices and their dissemination of false financial statements and
other false and misleading information about Access HealthNet's
business, all of which was, inter alia , designed to and did:
(a) artificially inflate the price of Access HealthNet securities
during the Class Period; (b) induce investors to purchase shares of
Access HealthNet stock; (c) allow certain defendants to sell or
offer to sell millions of dollars of their own Access HealthNet
shares at artificially inflated levels; and (d) allow defendants to
sell or offer to sell millions of dollars of Access HealthNet
securities to private investors in various private placement
transactions.
YADA, YADA, YADA!
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