Milberg Weiss files class action suit against A & P. (Washington).(class action lawsuit on behalf of purchasers of Great Atlantic & Pacific Tea Company Inc. securities)(Brief Article)

Food Institute Report, The, June, 2002

The law firm of Milberg Weiss Bershad Hynes & Lerach LLP filed a class action lawsuit on behalf of purchasers of Great Atlantic & Pacific Tea Company Inc. securities.

The complaint alleges that the company violated sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5, by issuing a series of material mis-representations to the market between Nov. 15, 2001 and May 28, 2002, thereby artificially inflating the price of A & P Securities.

Throughout the named period, as alleged in the complaint, defendants issued statements regarding the retailer's quarterly and annual financial performance and filed reports confirming such performance with the Securities and Exchange Commission. The complaint alleges that these statements were...

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