|By Marketwired .||
|June 6, 2012 07:12 PM EDT||
WASHINGTON, DC -- (Marketwire) -- 06/06/12 -- Cuneo Gilbert & LaDuca, LLP and Liddle & Robinson, LLP today announced that a class action has been commenced in the United States District Court for the Southern District of Florida on behalf of purchasers of the securities of DJSP Enterprises, Inc. during the period from February 16, 2010 through November 15, 2010, inclusive (the "Class Period") and were damaged thereby (the "Class").
The Complaint charges DJSP and two former officers with violations of the Exchange Act. The Complaints allege that, throughout the Class Period, the defendants made material misrepresentations and failed to disclose material adverse facts about the Company's true financial condition, business and prospects. Specifically, the Complaint alleges that defendants caused the Company made material misrepresentations and omissions, in early 2010, concerning the Company's financial results, and, at all times during the Class Period, concerning the foreclosure practices of the Company and an affiliated law firm. The Complaint alleges that, after improper foreclosure practices employed by the Company and the law firm became public in late 2010, the Company's business collapsed.
If you wish to serve as lead plaintiff in the action, you must move the Court no later than 60 days from today. If you wish to discuss the actions or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Matt Miller, Esq. at Cuneo, Gilbert & LaDuca at 202-789-3960, or via e-mail at [email protected]. Any member of the Class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent Class member in either or both cases.
Cuneo Gilbert & LaDuca, a firm with offices in Washington, D.C., New York, Los Angeles, Bethesda, Md. and Alexandria, Va., specializes in the representation of plaintiffs in consumer, antitrust, civil rights and securities class actions and is active in major litigations pending in federal and state courts throughout the United States. The Cuneo Gilbert & LaDuca website (http://www.cuneolaw.com) has more information about the firm.
Liddle & Robinson, a firm with offices in New York, has over 30 years of experience representing individuals and firms in the financial services industry in complex civil litigations in federal and state courts and securities-industry arbitration forums. The Liddle & Robinson website (http://liddlerobinson.com/homepage.php) has more information about the firm.