The Complaint alleges that, during the Class Period, Loewen and certain of its officers and directors (collectively, the Defendants) violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, by among other things, issuing materially false and misleading statements to the investing public regarding Loewen’s financial results for 1996 through 1998.
If you are a member of the class described above, you may move the court to serve as lead plaintiff within 60 days of February 4, 1999. If you wish to discuss this action, or have any questions concerning your rights, please contact Michael D. Donovan at Donovan Searles, LLC, 1845 Walnut Street, Suite 1100, Philadelphia, PA 19103; phone: (800) 619-1677 or (215) 732-6067; e-mail: mdonovan@donovansearles.com, or by clicking here.