WEST PALM BEACH, Fla., Feb 8, 2002 (PRIMEZONE) -- The following statement was issued today by the Law Offices of Leo W. Desmond:
Various class action lawsuits have been filed against Synsorb Biotech Inc. (Nasdaq:SYBB) and certain of its officers and directors for violations of the federal securities laws in federal court.
If you purchased Synsorb Biotech Inc. securities between April 4, 2001 and December 10, 2001, you may, not later than March 18, 2002, move the court to serve as a lead plaintiff of the class action seeking to recover damages on behalf of all similarly-situated purchasers of Synsorb Biotech Inc. securities, excluding the defendants and their affiliates.
No class has yet been certified in the above actions. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased stock during the class period, you have a right to become involved in an action as a plaintiff.
In order to serve as a lead plaintiff, you must meet certain legal requirements. If you were a purchaser of the common stock of Synsorb Biotech Inc. during the class period and want to discuss your legal rights, you may call the Law Offices of Leo W. Desmond who will, without obligation or cost to you, attempt to answer your questions and concerns. You may contact the Law Offices of Leo W. Desmond at 2161 Palm Beach Lakes Blvd., Suite 204, West Palm Beach, Florida 33409, by calling toll free at 888-337-6663, by e-mail at Info@SecuritiesAttorney.com, or by visiting its website at http://www.SecuritiesAttorney.com. Additionally, the Law Offices of Leo W. Desmond is available to answer questions relating to various class action lawsuits filed against Digital Island, Inc. (Nasdaq:ISLD), Hanover Compressor Company (NYSE:HC), Rica Foods, Inc. (AMEX:RCF) or any other securities-related matter involving investor losses.
Florida Bar Disclosure: "The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Before you decide, ask us to send you free written information about our qualifications and experience."
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca