MA Talk

[10452km2]

In case class action does happen, these guys have been thru it before and just recently.

http://www.tag-itclassactionsettlement.com/PDFs/NoticeofPendencyandProposedSettlementofClassActionandSettlementHearing.pdf



NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF CLASS ACTION AND SETTLEMENT HEARING
TO: ALL PERSONS AND ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED TAG-IT PACIFIC, INC. (NOW KNOWN AS TALON INTERNATIONAL,
INC.) (“TAG-IT”) COMMON STOCK ON THE OPEN MARKET DURING THE PERIOD BETWEEN MARCH 28, 2003 AND AUGUST 22, 2005,
INCLUSIVE (“CLASS PERIOD”) AND WHO WERE DAMAGED THEREBY (the “CLASS”)
• The Settlement resolves the above-captioned lawsuit (the “Litigation”). The Litigation concerns allegations that investors purchased or
acquired Tag-It common stock at allegedly artificially inflated prices on the stock market as a result of Defendants’ dissemination of
allegedly materially false and misleading statements about, among other things, the loss of its two largest customers, and inventory and
accounts receivables problems. Defendants have expressly denied and continue to deny all allegations of wrongdoing or liability
whatsoever, and believe they complied with all applicable laws.
• The Settlement provides for a fund of five million seven hundred fifty thousand dollars ($5,750,000) plus interest earned (“Settlement
Fund”) for the benefit of class members who purchased or acquired Tag-It common stock during the Class Period on the open market.