Replies to post #237888 on Spongetech Delivery Systems Inc (fka SPNGQ)

[Fastmandoo]

Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against SpongeTech Delivery Systems, Inc. (OTCBB: SPNGE)
Press Release
Source: Federman & Sherwood
On 4:41 pm EDT, Friday October 16, 2009
Buzz up! 0 Print
Companies:SpongeTech Delivery Systems, Inc.
OKLAHOMA CITY, OK--(Marketwire - 10/16/09) - On October 9, 2009, a class action lawsuit was filed in the United States District Court for the Southern District of New York against SpongeTech Delivery Systems, Inc. (OTC.BB:SPNGE - News). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material misrepresentations to the market which had the effect of artificially inflating the market price. The class period is from April 15, 2008 through October 5, 2009.

Plaintiff seeks to recover damages on behalf of the Class. If you are a member of the Class as described above, you may move the Court no later than Tuesday, December 8, 2009, to serve as a lead plaintiff for the Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

If you wish to discuss this action, participate in this or any other lawsuit, or have any questions or concerns regarding this notice, or preservation of your rights, please contact:

Contact:
K. Lynn NunnFEDERMAN & SHERWOOD10205 North Pennsylvania AvenueOklahoma City, OK 73120

[Charlie48]

a lawsuit all the way from Oklahoma---now we need some from Dubai, Asia and South America

[albus]

I could be mistaken, but there is only the Rosen Law Firm's lawsuit. Other firms do a PR to try and get attention of clients to join the lawsuit. Lead counsel has to be appointed just as lead plaintiff - one lawsuit, many law firms.