Infotopia (fka IFTA)

[thepennyking]

Goodkind Labaton Files Class Action Lawsuit Against AEROSONIC CORP.

NEW YORK (BUSINESS WIRE) – January 6, 2004 - Goodkind Labaton Rudoff & Sucharow LLP filed a class action lawsuit on January 6, 2004 in the United States District Court for the Middle District of Florida, on behalf of persons who purchased or otherwise acquired publicly traded securities of Aerosonic Corp. ("Aerosonic" or the "Company") (AMEX: AIM) between May 3, 1999 and March 17, 2003, inclusive, (the "Class Period"). The lawsuit was filed against Aerosonic and certain officers and directors.

If you are a member of this class you can view a copy of the complaint and join this class action online.

The complaint alleges that Defendants artificially inflated the price of Aerosonic shares during the Class Period. Specifically, on March 17, 2003 Defendants revealed what appeared to be certain discrepancies in previously reported financial information concerning inventory accounting and revenue recognition. The market reacted negatively to this news, sending the share price of Aerosonic 24% lower to $3.32 per share.

Plaintiffs are represented by the law firm of Goodkind Labaton Rudoff & Sucharow LLP of New York, New York and Ft. Lauderdale, Florida. Goodkind Labaton is a pioneer in the field of investor protection, with forty years experience litigating securities class actions in courts throughout the country. Goodkind Labaton has over 50 attorneys in two offices and maintains an in-house staff of finance and accounting specialists. Goodkind Labaton also has extensive trial experience and, most recently, concluded a class action trial resulting in a landmark $185 million verdict for the plaintiff class.

If you bought Aerosonic securities between May 3, 1999 and March 17, 2003, inclusive, you may qualify to serve as Lead Plaintiff. Lead Plaintiff papers must be filed with the court no later than January 13, 2004. If you would like to consider serving as lead plaintiff or have any questions about the lawsuit, please contact one of our representatives at [e-mail] or Christopher Keller, Esq. at 800-321-0476.


###



CONTACTS

Jonathan M. Plasse
Attorney
Goodkind Labaton Rudoff & Sucharow LLP
100 Park Avenue
12th Floor
NewYork, NY 10017-5563
[e-mail]
[phone]
[phone] fax


Christopher J. Keller
Attorney
Goodkind Labaton Rudoff & Sucharow LLP
100 Park Avenue
12th Floor
NewYork, NY 10017-5563
[e-mail]
[phone]
[phone] fax