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Industry: Email Alert RSS FeedU.S. class action lawsuit filed against Turkcell.
RCR Wireless News, December, 2000
NEW YORK--A U.S. class action lawsuit was filed last week against Turkish cell-phone operator Turkcell. The lawsuit was commenced on behalf of all persons or entities purchasing Turkcell Iletisim Hizmetler A.S. American Depository Shares from July 10 to Sept. 21.
Turkcell, Turkey's dominant cell-phone operator with more than 10 million subscribers, launched an initial public offering in July with a simultaneous listing of ADSs.
The complaint alleges that defendants Turkcell, Goldman Sachs International Morgan Stanley Dean Witter, Credit Suisse First Boston (Europe) Ltd., Lehman Brothers International (Europe), Deutsche Bank AG London, UBS AG, Cuneyt Turktan and Ekrem Tokay violated section 11 of the Securities Act of 1933. In particular, it is...
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