The Complaint charges that USNC -- a competitive local exchange carrier -- and certain officers and directors of the Company during the relevant time period violated provisions of the federal securities laws.
If you are a member of the Class who purchased USNC securities during the period between Feb.
The complaint asserts claims on behalf of a class of persons (the "Class") who purchased the common stock of USNC from February 4, 1998 through and including June 15, 1998 (the "Class Period") for violation of Sections 11, 12 and 15 of the Securities Act of 1933, 15 U.
As alleged in the Complaint, USNC common stock was issued pursuant to a materially false and misleading Registration Statement and Prospectus which misrepresented or failed to disclose material facts concerning USNC's financial condition, the viability of the Company's business strategy, and its future prospects as a reseller of telecommunications services that are offered by the Regional Bell operators.
The Complaint charges that USNC -- a competitive local exchange carrier -- and certain officers and directors of the Company during the relevant time period violated Sections 11, 12 and 15 of the Securities Act of 1933 and Sections 10(b) of the Securities Exchange Act of 1934.
If you are a member of the Class who purchased USNC securities during the period between February 4, 1998 and November 3, 1998, inclusive, you may move the Court no later than sixty days from November 12, 1998 to serve as lead plaintiff for the Class.
4, 1998 Initial Public Offering ("IPO") on behalf of all persons who purchased the common stock of USNC
pursuant or traceable to the IPO or on the open market during the period Feb.
electrotechnical industry, the USNC
has worked for a number of years in close relationship with its international parent organization, the IEC.