Shareholder Sues California Amplifier Inc. For Securities Fraud, Berman DeValerio & Pease Announces

Apr 03, 2001, 01:00 ET from Berman DeValerio & Pease LLP

    LOS ANGELES, April 3 /PRNewswire/ -- A shareholder acting on behalf of
 fellow investors sued California Amplifier Inc. (Nasdaq:   CAMP) today, accusing
 the company of stock fraud, the law firm of Berman DeValerio & Pease LLP
 announced.
     The class action, captioned Brock v. California Amplifier Inc., seeks
 damages under federal securities laws for all investors who bought California
 Amplifier stock between April 6, 2000 and March 28, 2001 (the _Class Period_).
 It was filed in U.S. District Court for the Central District of California.
     Berman DeValerio & Pease, which filed the lawsuit, has represented
 defrauded investors in class actions for nearly two decades.  To review the
 complaint and learn more about becoming a lead plaintiff, visit our Website at
 www.bermanesq.com.
     The complaint accuses California Amplifier and a top corporate officer of
 knowingly using improper accounting procedures that skewed financial
 statements - illegally reducing expenses and boosting earnings - and inflated
 the company's stock price.
     On March 29, 2001, the company announced that its comptroller had resigned
 after making _certain adjustments to the company's accounting records_ that
 could force restate fiscal 2000 results to reduce net income by as much as
 $2.2 million.
     The company's investigation triggered a decline in its stock price.
 Nasdaq officials halted trading at $5.03, more than 90% off the Class Period
 high of $59.25.
     If you purchased California Amplifier common stock during the period April
 6, 2000 through March 28, 2001, you may wish to contact the following
 attorneys at Berman DeValerio & Pease to discuss your rights and interests:
 
      Sara Davis, Esq.              Jennifer Abrams, Esq.
      Jeffrey C. Block, Esq.        Joseph J. Tabacco, Jr. Esq.
      Berman DeValerio & Pease      Berman DeValerio Pease & Tabacco
      One Liberty Square            425 California Street, Suite 205
      Boston, MA 02109              San Francisco, CA 94104
      bdplaw@bermanesq.com          (415) 433-3200
      (800) 516-9926
 
     If you wish to apply to be lead plaintiff in this action, a motion must be
 filed on your behalf with the court no later than May 29, 2001.  You may
 contact the attorneys at Berman DeValerio & Pease to discuss your rights
 regarding the appointment of lead plaintiff and your interest in the class
 action.  To be a member of the class, however, you need not take any action at
 this time and you may retain counsel of your own choice.  If you decide to
 seek appointment as lead plaintiff, you may also retain counsel of your
 choice.
     With offices in Boston and San Francisco, Berman DeValerio & Pease LLP has
 prosecuted shareholder class actions since 1982, recovering more than $1
 billion for investors.  The firm has acted as lead counsel in numerous
 lawsuits involving violations of federal securities laws.  It has successfully
 litigated these actions, and has been singled out for its excellence by many
 courts.  The firm prides itself on its responsiveness to shareholders and
 their needs in each case.
 
 

SOURCE Berman DeValerio & Pease LLP
    LOS ANGELES, April 3 /PRNewswire/ -- A shareholder acting on behalf of
 fellow investors sued California Amplifier Inc. (Nasdaq:   CAMP) today, accusing
 the company of stock fraud, the law firm of Berman DeValerio & Pease LLP
 announced.
     The class action, captioned Brock v. California Amplifier Inc., seeks
 damages under federal securities laws for all investors who bought California
 Amplifier stock between April 6, 2000 and March 28, 2001 (the _Class Period_).
 It was filed in U.S. District Court for the Central District of California.
     Berman DeValerio & Pease, which filed the lawsuit, has represented
 defrauded investors in class actions for nearly two decades.  To review the
 complaint and learn more about becoming a lead plaintiff, visit our Website at
 www.bermanesq.com.
     The complaint accuses California Amplifier and a top corporate officer of
 knowingly using improper accounting procedures that skewed financial
 statements - illegally reducing expenses and boosting earnings - and inflated
 the company's stock price.
     On March 29, 2001, the company announced that its comptroller had resigned
 after making _certain adjustments to the company's accounting records_ that
 could force restate fiscal 2000 results to reduce net income by as much as
 $2.2 million.
     The company's investigation triggered a decline in its stock price.
 Nasdaq officials halted trading at $5.03, more than 90% off the Class Period
 high of $59.25.
     If you purchased California Amplifier common stock during the period April
 6, 2000 through March 28, 2001, you may wish to contact the following
 attorneys at Berman DeValerio & Pease to discuss your rights and interests:
 
      Sara Davis, Esq.              Jennifer Abrams, Esq.
      Jeffrey C. Block, Esq.        Joseph J. Tabacco, Jr. Esq.
      Berman DeValerio & Pease      Berman DeValerio Pease & Tabacco
      One Liberty Square            425 California Street, Suite 205
      Boston, MA 02109              San Francisco, CA 94104
      bdplaw@bermanesq.com          (415) 433-3200
      (800) 516-9926
 
     If you wish to apply to be lead plaintiff in this action, a motion must be
 filed on your behalf with the court no later than May 29, 2001.  You may
 contact the attorneys at Berman DeValerio & Pease to discuss your rights
 regarding the appointment of lead plaintiff and your interest in the class
 action.  To be a member of the class, however, you need not take any action at
 this time and you may retain counsel of your own choice.  If you decide to
 seek appointment as lead plaintiff, you may also retain counsel of your
 choice.
     With offices in Boston and San Francisco, Berman DeValerio & Pease LLP has
 prosecuted shareholder class actions since 1982, recovering more than $1
 billion for investors.  The firm has acted as lead counsel in numerous
 lawsuits involving violations of federal securities laws.  It has successfully
 litigated these actions, and has been singled out for its excellence by many
 courts.  The firm prides itself on its responsiveness to shareholders and
 their needs in each case.
 
 SOURCE  Berman DeValerio & Pease LLP