ACLN

AcronymDefinition
ACLNAnnapolis County Learning Network (Canada)
ACLNAustralian Control Line News (newsletter)
ACLNAmerican Corporate Leadership Network
ACLNAbbotsford Christian Leaders Network (Canada)
References in periodicals archive ?
SUMMARY DISTRIBUTION PLAN NOTICE TO ACLN INVESTORS OF THE ACLN DISTRIBUTION FUND ESTABLISHED BY THE SECURITIES & EXCHANGE COMMISSION ("SEC")
ACLN was founded in 1978 to ship new and pre-owned cars between Europe and North and West Africa.
Plaintiff alleges that during the period of June 29, 2000 to December 20, 2001 inclusive (the "Class Period") Defendants issued a series of material misrepresentations to the market in press releases and SEC filings thereby artificially inflating the price of ACLN securities.
The complaint accuses ACLN, a wholesale automobile dealer and shipper based in Belgium, of violating sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
The action is pending in the United States District Court, Southern District of New York, located at 500 Pearl Street, New York, NY against defendants ACLN, Joseph Bisschops, Aldo Labiad and Alex De Ridder.
The action, numbered 01 CV 11822, is pending in the United States District Court, Southern District of New York, located at 500 Pearl Street, New York, NY against defendants ACLN, Joseph Bisschops, Aldo Labiad and Alex De Ridder.
As alleged in the Complaint, while publicly representing throughout the Class Period that ACLN was enjoying continuous growth and solid financial performance, the Defendants failed to disclose transactions between ACLN and entities controlled by the Company's Chairman and Managing Director, overstated ACLN's assets by listing at least one ship as an asset when it was not even owned by the Company, understated ACLN's selling, general and administrative expenses, and violated Generally Accepted Accounting Principles by recognizing revenue on automobiles it sold not when they reached their destination, but rather as soon as the ship carrying the cars left port.
From the time ACLN went public, on June 26, 1998, until it filed an annual report with the SEC on June 29, 2000, as many as 2,265,221 shares held by entities controlled by Chairman Joseph Bisschops -- 29% of his total holdings -- vanished from the "principal and management shareholders" list in the company's SEC filings.
As a result of the eventual disclosure of this concealed information, the price of ACLN stock plunged over 60% in one day.
Claims are asserted against ACLN and officers Joseph Bisschops, Aldo Labiad, and Alex De Ridder for violations of the Securities Exchange Act of 1934.
A class action lawsuit was filed in the United States District Court on behalf of those who purchased or otherwise acquired the securities of ACLN, Ltd.
The Law Firm of Cauley Geller Bowman & Coates, LLP announced today that a class action has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of ACLN, Ltd.