Published: July 29, 2010
Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in DJSP Enterprises, Inc. to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the September 20, 2010 Lead Plaintiff Deadline
Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Florida on behalf of purchasers of the common stock of DJSP Enterprises, Inc. ("DJSP" or the "Company") (NASDAQ: DJSP) during the period between March 16, 2010 and May 27, 2010, inclusive (the "Class Period").
No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than September 20, 2010 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You are not required to have sold your shares to seek damages or to serve as a Lead Plaintiff. You may contact Brower Piven (through hoffman@browerpiven.com or 410/415-6616) to answer any questions you may have in that regard.
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the Company's failure to disclose during the Class Period that, contrary to its March 16, 2010 announcement that no matter what the Obama Administration does to slow down foreclosures, the Company had found a way to continue to profit on its foreclosure business, the substantial slowdown in foreclosure referrals and the slowdown in foreclosures due to governmental intervention programs had a negative impact on the Company's financials. According to the complaint, after the Company revealed on May 27, 2010 that slowdown in foreclosure referrals and the slowdown due to government intervention program caused a substantial decrease in the number of residential foreclosure cases referred to the Company, the value of DJSP's stock declined significantly.
If you have suffered a net loss for all transactions in DJSP Enterprises, Inc. common stock during the Class Period, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 40 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.
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