NEW YORK, Feb. 13, 2002 (PRIMEZONE) -- The following was released today by Bull & Lifshitz, LLP: Notice is hereby given that a securities class action lawsuit was filed in the United States District Court for the Southern District of New York against Globix Corporation ("Globix" or the "Company") (OTCBB:GBIX) during the period of November 16, 2000 through and including December 27, 2001 (the "Class Period").
The Complaint alleges that defendants violated the federal securities laws, including Sections 10(b) and 20a of the Securities Exchange Act of 1934, by issuing materially false and misleading information concerning the Company's financial condition and prospects.
Plaintiff seeks to recover damages on his own behalf and on behalf of purchasers of Globix's common stock during the Class Period.
If you purchased Globix securities during the Class Period, you may, not later than March 5, 2002, move the court to serve as a lead plaintiff, provided you meet certain legal requirements.
If you wish to receive a litigation package, discuss this action, any other potential action or have any questions concerning this notice, your rights or interests with respect to this matter, please visit our website at www.nyclasslaw.com/infopackage.html or contact Peter D. Bull, Esq. or Joshua M. Lifshitz, Esq. by email at counsel@nyclasslaw.com. Bull & Lifshitz, LLP has extensive experience in prosecuting investor class actions. For more information regarding Bull & Lifshitz, LLP, please view our website at www.nyclasslaw.com.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca