FOX & KILSHEIMER LLP SEEKS TO RECOVER
FOR INVESTOR WHO PURCHASED
ANICOM, INC. COMMON STOCK
NEW YORK – - The following statement was issued today by the law
firm of Kaplan Fox & Kilsheimer LLP:
Anicom, Inc. ("Anicom" or the "Company")
(Nasdaq: ANIC) and certain of its officers and directors, were named as defendants in a shareholder class action filed in the United States District Court for the Northern
District of Illinois. The action seeks damages for violations of the federal securities laws on behalf of all investors who purchased Anicom securities between
February 24, 1998 and July 18, 2000, inclusive (the "Class Period"). The action seeks to recover for investors the amount they overpaid for their common stock during the Class Period.
On July 18, 2000, Anicom revealed that it was
"investigating certain accounting matters, including possible accounting irregularities, which if confirmed, could result in [the] revision of previously issued
financial statements." The Company further advised investors that until the investigation is completed, "[Anicom's] 1998 and 1999 financial
statements should not be relied [on]." The lawsuit charges that Anicom was issuing false and misleading financial statements which caused the price of Anicom
securities to be artificially inflated during the class period.
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, please visit our website at www.KaplanFox.com. If you are a member of the Class, you may move the court no later than September 18, 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 purchased Anicom common stock during Class Period and
suffered a loss on your investment, you may contact Kaplan Fox & Kilsheimer LLP at mail@KaplanFox.comor contact:
Frederic S. Fox, Esq.
Adrienne L. Valencia, Esq.
Hae Sung Nam, Esq.
Kaplan Fox & Kilsheimer LLP
805 Third Avenue – 22nd Floor
New York, NY 10022
Fax: (212) 687-7714
E-mail address: mail@KaplanFox.com
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