FOX & KILSHEIMER LLP FILES
SECURITIES FRAUD CLASS ACTION
AGAINST TEAM COMMUNICATIONS GROUP, INC.
NEW YORK – March 12, 2001– Kaplan Fox & Kilsheimer LLP (www.KaplanFox.com) has filed a class action against Team Communications Group, Inc. and certain of the Company’s officers and directors
in the United States District Court for the Central District of California. The suit is brought on behalf of all persons or entities who purchased the common stock
of Team Communications Group, Inc. (“Team Communications”) (NASDAQ: TMTV) between May 18, 2000 and February 12, 2001 inclusive (the “Class Period”).
on 2/13/01, prior to the market opening, Team
Communications shocked the investment community
with a press release which revealed that the Company
expected to record a Q4 00 charge equivalent to
more than five times all the income it reported
during the Class Period. It also acknowledged
that certain of its acquisition and distribution
activities may have “lacked economic substance.”
On this news, TEAM Communications' shares dropped
to as low as $1.375, or more than 88% lower than
its Class Period high of $12.
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.
you have any questions about this Notice, the
action, your rights, or your interests, please
e-mail us at mail@KaplanFox.com
Frederic S. Fox, Esq.
Hae Sung Nam, 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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