SAN FRANCISCO, Oct. 13 /PRNewswire/ -- Gold Bennett Cera & Sidener LLP announced today that it had filed a class action in the United States District Court for the Central District of California on behalf of purchasers of Aspeon, Inc. ("Aspeon") (Nasdaq: ASPE; ASPEE) common stock during the period between October 28, 1999 and September 28, 2000 (the "Class Period"), Case Number SA-CV-00-1014-DOC(EEx). The complaint charges Aspeon, its President, Chairman and CEO Richard P. Stack and its CFO Horace M. Hertz with violations of the Securities Exchange Act of 1934. Plaintiff seeks to recover damages on behalf of all purchasers of Aspeon common stock during the Class Period. The plaintiff is represented by the San Francisco law firm of Gold Bennett Cera & Sidener LLP. For over 30 years, Gold Bennett Cera & Sidener LLP and its predecessors have successfully engaged in complex commercial litigation, including shareholder, consumer and antitrust class actions, in federal and state courts throughout the United States, recovering hundreds of millions of dollars for its clients. Aspeon, formerly Javelin Systems Inc., designs, develops, markets, and sells open system touch screen point-of-sale computers which are sold primarily to the foodservice and retail industries. On September 29, 2000 Aspeon announced that it would restate its first quarter 2000 financial statements as a result of accounting misstatements. On October 10, 2000, Aspeon announced that it would require additional time to file its Form 10-K report for the fiscal year ended June 30, 2000, and would not meet its previously announced October 13, 2000 filing date. The Company did not specify a new target filing date. Upon these disclosures, the Nasdaq Stock Market halted trading in Aspeon pending "additional information requested" from the Company. The last trade was at $1.50 per share -- a decline of 95% from its Class Period high of $30.00 per share. If you are a member of the Class described above, you may, no later than December 11, 2000, move the Court to serve as lead plaintiff of the Class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this case or your rights or interests, please contact Joseph M. Barton, Esq. of Gold Bennett Cera & Sidener LLP, 595 Market Street, Suite 2300, San Francisco, California 94105, by telephone at 800-778-1822 or 415-777-2230, by facsimile at 415-777-5189 or by e-mail at firstname.lastname@example.org.
SOURCE Gold Bennett Cera & Sidener LLP