homeimgo
Home
About Our Firm
Our Areas of Practice
Our Attorneys
Recently Filed Actions
Join a Class Action
Report Fraud
Significant Recoveries
Notices & Proof of Claims
Contact Us

KAPLAN FOX & KILSHEIMER LLP FILES CLASS ACTION
SUIT AGAINST FINOVA GROUP, INC. AND AN   EXECUTIVE
OFFICER

NEW YORK - - The following statement was issued today by the law firm of Kaplan Fox & Kilsheimer LLP:

A class action has been commenced in the United States District Court for the District of Arizona, on behalf of all persons who purchased or otherwise acquired the common stock of FINOVA Group, Inc. (NYSE: FNV) between July 15, 1999 and March 26, 2000, inclusive, (the "Class Period").

The complaint charges FINOVA and an executive officer with violations of the Securities Exchange Act of 1934. The complaint alleges, among other things, that defendants issued materially false and misleading statements concerning the Company's financial statements, revenues and earnings per share. During the Class Period defendants represented that FINOVA's growth would continue through the first quarter of 2000 and beyond and represented that is business would be strong going forward.  However, defendants failed to disclose that FINOVA's business was suffering and that as a result FINOVA would have to take a charge of $70 million in the first quarter of 2000.

Plaintiff seeks to recover damages on behalf of the Class and is represented by Kaplan Fox & Kilsheimer LLP which has many years of experience in prosecuting investor class actions and actions involving financial fraud.  For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.KaplanFox.com.

If you are a member of the Class, you may move the court no later than 60 days from March 29, 2000, to serve as a lead plaintiff for the Class. In order to serve as a lead plaintiff, you must meet certain legal requirements.

 If you have any questions about this Notice, the action, your rights, or your interests, please e-mail us at mail@KaplanFox.com or contact:

 

Frederic S. Fox, Esq.
Joel B. Strauss, Esq.
Janine R. Azriliant, Esq.
Kaplan Fox & Kilsheimer LLP
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail address:
mail@KaplanFox.com

Back to the Main List

Please Click Here to Join the Class Actions or Request Information

 

 | HOME | | ABOUT OUR FIRM | | OUR AREAS OF PRACTICE |

| OUR ATTORNEYS | | RECENTLY FILED ACTIONS | | CONTACT US |

For additional information about Kaplan Fox & Kilsheimer LLP

contact (mail@KaplanFox.com)

© Copyright 2001, Kaplan Fox & Kilsheimer LLP