FOX & KILSHEIMER LLP FILES
SECURITIES FRAUD CLASS ACTION
AGAINST M&A WEST, INC.
NEW YORK – January 5, 2001 – Kaplan Fox & Kilsheimer
LLP (www.KaplanFox.com) has filed a Class Action against M&A West, Inc. and certain of the Company’s officers and directors in the
United States District Court for the Northern District of California. The suit is brought on behalf of all persons or entities who purchased the common stock of
M&A West, Inc. (“M&A West”) (NASDAQ: MAWI) between August 17, 2000 and December 28, 2000 inclusive (the “Class Period”).
The complaint charges M&A West and certain of its officers
and directors with violations of the Securities Exchange Act of 1934. The complaint alleges that during the Class Period, defendants issued a series of false and
misleading financial statements and press releases concerning M&A West's publicly reported revenue and net income.
On December 28, 2000, M&A West shocked the investment
community when it announced that “Information has come to the attention of management that requires the company to reduce its revenues for both the quarter ended August
31, 2000, and the year ended May 31, 2000. The company’s current auditor, Hood & Strong, LLP, has withdrawn their audit opinion dated August 3, 2000 for the year ended
May 31, 2000. The company is working to make the necessary revisions to its financial statements and will submit the revisions as soon as practicable”.
Plaintiff seeks to recover damages on behalf of the Class and is
represented by Kaplan Fox & Kilsheimer LLP. Our firm, with offices in New York and San Francisco, 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 March 6, 2001, 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.
Laurence D. King, Esq.
Donald R. Hall, 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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