DONOVAN SEARLES, LLC.
1845 Walnut Street, Suite 1100, Philadelphia, PA 19103
ph: 215-732-6067 fax: 215-732-8060
email mdonovan@donovansearles.com
Waste Management, Inc. named in
Securities Class Action filed on behalf of
Waste Management Stock
Purchasers
Philadelphia, August 20, 1999 -
The law firm of Donovan Searles,
LLC announces that a class action lawsuit was filed in the
United States District Court for the Southern District of
Texas on behalf of purchasers of Waste Management, Inc.
(NYSE - WMI) common stock from March 31, 1999 through July
6, 1999 (the "Class Period").
The Complaint alleges that, during the Class Period, Waste
Management 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 Waste Management’s business, operations,
financial condition and performance. The Complaint
alleges that, as a result of the Defendants’ material
misrepresentations, the price of Waste Management’s
common stock was artificially inflated, causing damages
to purchasers during the Class Period. The Complaint
further alleges that certain officers and directors
engaged in insider selling during the Class Period
at prices that were artificially inflated and without
disclosing the material facts.
Plaintiff is represented by the law firm of Donovan Searles, LLC and
others. The members of Donovan Searles, LLC have significant
experience in litigating class actions on behalf of investors and
shareholders.
If you are a member of the class described above, you may move the
court to serve as lead plaintiff within 60 days of July 9, 1999.
If you wish to
discuss this action or any other securities we are investigating,
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.
Return To
