Globalstar Telecommunications Debt Holders File Class Action According to Schiffrin & Barroway, LLP

Apr 03, 2001, 01:00 ET from Schiffrin & Barroway, LLP

    BALA CYNWYD, Pa., April 3 /PRNewswire/ -- The following statement was
 issued today by the law firm of Schiffrin & Barroway, LLP:
 
     Notice is hereby given that a class action lawsuit was filed in the United
 States District Court for the Southern District of New York on behalf of all
 persons who acquired Globalstar Telecommunications Limited (Nasdaq:   GSTRF)
 debt securities between December 6, 1999 and October 27, 2000, inclusive (the
 "Class Period").
     If you wish to discuss this action or have any questions concerning this
 notice or your rights or interests with respect to these matters, please
 contact Schiffrin & Barroway, LLP (Marc A. Topaz, Esq. or Robert B. Weiser,
 Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at
 info@sbclasslaw.com.
     The complaint charges Globalstar and certain of its officers and directors
 with issuing false and misleading statements concerning the Company's
 financial condition and prospects.  The complaint alleges that defendants
 misrepresented the Company's plans on when it would roll-out its satellite
 phone network and the demand for the system.  As a result, the value of
 Globalstar's debt was artificially inflated during the Class period.
     Plaintiff seeks to recover damages on behalf of class members and is
 represented by the law firm of Schiffrin & Barroway, LLP, who has significant
 experience and expertise prosecuting class actions on behalf of investors and
 shareholders.  For more information on Schiffrin & Barroway, please visit
 www.sbclasslaw.com.
     If you are a member of the class described above, you may, not later than
 April 30, 2001, 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.
 
       CONTACT:  Schiffrin & Barroway, LLP
       Marc A. Topaz, Esq.
       Robert B. Weiser, Esq.
       Three Bala Plaza East, Suite 400, Bala Cynwyd, PA  19004
       1-888-299-7706 (toll free) or 1-610-667-7706
       Or by e-mail at info@sbclasslaw.com
 
 

SOURCE Schiffrin & Barroway, LLP
    BALA CYNWYD, Pa., April 3 /PRNewswire/ -- The following statement was
 issued today by the law firm of Schiffrin & Barroway, LLP:
 
     Notice is hereby given that a class action lawsuit was filed in the United
 States District Court for the Southern District of New York on behalf of all
 persons who acquired Globalstar Telecommunications Limited (Nasdaq:   GSTRF)
 debt securities between December 6, 1999 and October 27, 2000, inclusive (the
 "Class Period").
     If you wish to discuss this action or have any questions concerning this
 notice or your rights or interests with respect to these matters, please
 contact Schiffrin & Barroway, LLP (Marc A. Topaz, Esq. or Robert B. Weiser,
 Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at
 info@sbclasslaw.com.
     The complaint charges Globalstar and certain of its officers and directors
 with issuing false and misleading statements concerning the Company's
 financial condition and prospects.  The complaint alleges that defendants
 misrepresented the Company's plans on when it would roll-out its satellite
 phone network and the demand for the system.  As a result, the value of
 Globalstar's debt was artificially inflated during the Class period.
     Plaintiff seeks to recover damages on behalf of class members and is
 represented by the law firm of Schiffrin & Barroway, LLP, who has significant
 experience and expertise prosecuting class actions on behalf of investors and
 shareholders.  For more information on Schiffrin & Barroway, please visit
 www.sbclasslaw.com.
     If you are a member of the class described above, you may, not later than
 April 30, 2001, 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.
 
       CONTACT:  Schiffrin & Barroway, LLP
       Marc A. Topaz, Esq.
       Robert B. Weiser, Esq.
       Three Bala Plaza East, Suite 400, Bala Cynwyd, PA  19004
       1-888-299-7706 (toll free) or 1-610-667-7706
       Or by e-mail at info@sbclasslaw.com
 
 SOURCE  Schiffrin & Barroway, LLP